The International Finance Corporation (IFC) is considering an investment of up to US$25 million in Carlyle Group's fifth Asia fund, Carlyle Asia Growth Partners V, L.P., according to a disclosure.
IFC says its commitment would not exceed 20% of the total committed capital of the fund.
The fund was established in May last year with a target size of US$1 billion to invest in fast-growing companies, primarily in China and India. It is expected to make around 15 to 30 investments with a size between US$30 million to US$75 million per investment.
The company's fourth Asia growth fund, which was raised in 2008, closed at US$1.04 billion.
The firm’s Asia growth funds have a heavy focus on China, investing in a number of sectors. Its portfolio companies in China include Shanghai-based Meinian Onehealth Healthcare, Beijing-based onl...
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