The Carlyle Group is planning to raise a $950 million fund for South American investments, Reuters reported, citing news from Bloomberg. Carlyle will inject about $730 million from institutional investors for the private equity fund, according to the report. Banco do Brasil SA will commit about $220 million to a related partnership targeting investments in Brazil, Reuters wrote.
(Reuters) – Private equity firm Carlyle Group [CYL.UL] is gearing to up to raise $950 million for a fund investing in South America, Bloomberg said, citing a source with direct knowledge of the plan.
Carlyle will inject about $730 million from institutional investors for the private equity fund, its first for the region, the agency said.
Banco do Brasil SA (BBAS3.SA), Latin America’s largest bank by assets, will commit about $220 million to a related partnership targeting investments in Brazil, Bloomberg reported, citing two people familiar with the venture.
Carlyle was not immediately available for comment.
On Wednesday, Brazilian newspaper Valor Economico reported that Carlyle and its Brazilian partner may sell at least 25 percent of tour operator CVC to raise about $1 billion. (Reporting by Abhiram Nandakumar in Bangalore)