Private equity giant Carlyle closes latest Asia fund at $950m

Backers include School Employees Retirement System of Ohio, which committed $75m

20230426 CARLYLE

Carlyle manages five Asia-focused buyout funds, totaling $15.55 billion, and two for China.

SIMRAN VASWANI and MARS W. MOSQUEDA JR., DealStreetAsia

HONG KONG/CEBU, Philippines -- Private equity major Carlyle Group has closed its latest Asia-focused buyout fund at $950 million, DealStreetAsia has learned.

The fund, Carlyle Asia Growth Partners II, focuses on growth equity investments in fast-growing businesses primarily operating in the technology, business services, health care, consumer, media and retail industries, according to board documents from one of its limited partners.

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