Carlyle To Raise $5B For Its Fifth Asia Buyout Fund

The Carlyle Group, a global alternative asset manager, is seeking to raise US$5 billion for its fifth Asia buyout fund, Carlyle Asia Partners V.

The buyout fund will reach its first close in October this year, according to media reports citing insiders. Carlyle's Asia Buyout Group looks at investment opportunities in a range of sectors, including financial services, media and telecommunications, manufacturing and consumer products, in Australia, Greater China, India, Korea and Southeast Asia.

The company closed its previous buyout fund, Asia Partners IV, at US$3.9 billion, exceeding its target of US$3.5 billion and more than 50% larger than its third Asia buyout fund.

The fourth fund had a heavy focus on China, investing in Chinese Craigslist-like platform, online real estate agency, logistics firm Shanghai ANE Juch...

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