Carlyle Closes Venture Partners III

The Carlyle Group has closed its third Carlyle Venture Partners fund with $605 million in capital commitments. Its previous Venture Partners funds closed on $210 million in 1997 and $602 million in 2002. The new vehicle will be broader in strategy than were its predecessors, by investing in a mix of early-stage, expansion-stage growth equity and growth buyout opportunities. www.carlyle.com