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Carlyle Asia Partners IV Fund closes at USD3.9 billion
Global alternative asset manager The Carlyle Group has made the final close of Carlyle Asia Partners IV (CAP IV) at US$3.9 billion, more than 50% larger than its predecessor fund CAP III. Carlyle’s Asia buyout funds make control and significant minority investments
The Asset 8 Sep 2014
Global alternative asset manager The Carlyle Group has made the final close of Carlyle Asia Partners IV (CAP IV) at US$3.9 billion, more than 50% larger than its predecessor fund CAP III. Carlyle’s Asia buyout funds make control and significant minority investments in well established companies across the Asia ex-Japan region.
 
The final close of CAP IV, which exceeded its target of US$3.5 billion, brings the firm’s assets under management in Asia funds, including Japan, to US$13.6 billion across its buyout, growth, renminbi and real estate funds.
 
X.D. Yang, managing director and co-head of the Carlyle Asia buyout team, said: “We appreciate the support of our fund investors who share our belief and confidence in the current and long-term investment opportunities in Asia. We believe that the regional economy will continue to grow much faster than the rest of the world. Rising middle class and their demand for better products and services are key drivers of these investment opportunities.”
 
He added: “With a focus on opportunities in the consumer and retail, financial services, TMT and healthcare sectors, we will work to build on the strong track record of our previous funds for our investors. We will leverage Carlyle’s deep industry expertise and global network and seek to create value for our investors and companies we invest in through the insight and execution of our local teams in the local markets.”
 
CAP IV made its first investment in May in ADT Korea, a prominent security services company. In August, the fund invested in Ganji.com, a top operator of online and mobile-based classifieds in China.
 
The Carlyle Asia buyout team has 44 investment professionals in eight offices who advise four pan-Asia funds and one renminbi fund.
 
Having first established its presence in the Asia-Pacific region in 1998, Carlyle now has offices in Beijing, Hong Kong, Jakarta, Mumbai, Seoul, Singapore, Shanghai, Sydney and Tokyo. Carlyle has invested US$14.1 billion in equity throughout Asia Pacific as of June 30, 2014.
 
In China alone, Carlyle has invested US$5.2 billion in about 80 transactions as of June 30 2014, making it one of the largest foreign investors in China.

  

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