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Carlyle raising $3 billion Asia buyout fund

Reuters – The Carlyle Group is raising a new Asia buyout fund with a target size of up to $3 billion (1.8 billion pounds) as the U.S. private equity giant aims to tap more deals in Asia, two fund industry sources told Reuters on Friday.

It would be Carlyle’s third Asia-dedicated buyout fund and its biggest such fund in the region.

Its last Asia buyout fund launched in July 2006 raised $1.8 billion, which has been invested in various projects across the region, including a landmark deal with China Pacific Insurance (Group) Co Ltd, China’s No. 3 life insurer.

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