Carlyle Raises Its Largest Fund

The Carlyle Group has held a final close of its newest US buyout fund, Carlyle Partners VII, at $18.5 billion. More than 320 investors from 57 countries committed capital to the new fund, which exceeded its $15 billion target and closed at its hard cap.

Carlyle’s US buyout team is co-led by managing directors Peter Clare and Sandra Horbach. “This fundraise, the largest in Carlyle history, is a testament to the creativity, hard work and performance of the US buyout team,” said Mr. Clare and Ms. Horbach in a released statement. “We are grateful for the confidence and support of our fund investors, many of whom are repeat investors.” Carlyle’s 74-person US buyout team is part of Carlyle’s corporate private equity segment which has assets under management of $81 billion and 297 investment professionals.

“For 29 years, the US buyout team has demonstrated its ability to create value for our investors,” said Kewsong Lee, Carlyle’s Co-Chief Executive Officer. “Sandra and Pete’s track record is exceptional.  Their superb leadership coupled with the team’s deep domain expertise enables us to create the edge needed to maximize returns in today’s highly competitive markets.”

The Carlyle Group (NASDAQ: CG) invests in buyouts, growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.  The firm employs approximately 1,575 people in 31 offices across six continents and is based in Washington, DC (www.carlyle.com).

Carlyle’s previous US buyout fund, Carlyle Partners VI, closed in November 2013 with $13 billion of capital. Portfolio companies in Fund VI include Signode Industrial Group, formerly part of Illinois Tool Works; Ortho-Clinical Diagnostics, formerly part of Johnson & Johnson; Dealogic; Vogue International; Atotech, formerly part of Total; and Novetta Solutions.

© 2018 Private Equity Professional | July 30, 2018

Print Friendly, PDF & Email

Related Articles

Easy A’s and Killer B’s Headlined by a near-record valuation mark of 7.8x Trailing Twelve Months (TTM) Adjusted EBITDA, completed deal activity in the fourth quarter of 2018 ...
TA Adds Vice President TA Associates has hired Amit Jain as a vice president. He will be part of the firm’s North America Technology Group and will be based in TA’s Menlo Pa...
CORE Closes High Demand First Fund CORE Industrial Partners has held a final close of CORE Industrial Partners Fund I LP with total commitments of $230 million. The new fund was signifi...
Falfurrias Closes New Fund Falfurrias Capital Partners has closed its new middle-market private equity fund, Falfurrias Capital Partners IV LP (FCP IV), at its hard cap of $500 ...
Edgewater Hits Fund IV Hardcap Edgewater Capital Partners has held a final closing of Edgewater Capital Partners IV LP (ECP IV) at its hardcap of $185 million. Limited partners i...
Corridor Adds Investment Pro Corridor Capital had hired Zack Stiefler as a principal on the firm’s investment team. Mr. Stiefler will be active in the evaluation, due diligence, f...