Carlyle closes fourth mega Asia fund

The Carlyle Group has closed Carlyle Asia Partners IV Fund on $3.9 billion, which makes it more than 50 percent larger than its predecessor fund CAP III.

[contextly_sidebar id=”HC2eRqi0iJvHAkR6AC9elhxEOvU78ZyP”]Carlyle’s assets under management in Asia now stand at $13.6 billion across buyout, growth, RMB and real estate funds.

CAP IV made its first investment in May in ADT Korea, a 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 RMB fund.

The firm started investing in the Asia Pacific region in 1998 and now has offices in Beijing, Hong Kong, Jakarta, Mumbai, Seoul, Singapore, Shanghai, Sydney and Tokyo. Carlyle has invested $14.1 billion throughout Asia Pacific as of June 30, 2014.

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