The Carlyle Group has begun fundraising for its next North American buyout fund, sources tell peHUB.
The news was first reported by Term Sheet.
The PE firm is looking to raise $10 billion for Carlyle Partners VI LP. The pool, a U.S. buyout fund, has the potential to invest 20% outside the country, a person familiar with the situation says.
Carlyle is not using a placement agent, the source says.
The fundraising comes as Washington D.C.-based Carlyle has also filed to go public. The IPO could raise as much as $1 billion, but Carlyle has yet to disclose how many shares it will sell or price range of the shares. It is expected to list on the Nasdaq.
The PE listed assets of $148 billion as of Sept. 30, according to a Feb. 13 registration statement.
At $10 billion, fund VI would be smaller than Carlyle’s previous fund. Carlyle Partners V LP collected $13.7 billion in 2007 and has a net IRR of 9.9%, according to June 30 data from CalPERS. Fund V has invested in BankUnited, NBTY and OpenLink Financial, according to the firm’s website.
Executives for Carlyle declined comment.
(Photo of David Rubenstein by Fred Prouser, Reuters)