Global private equity firm The Carlyle Group announced today it has successfully closed its fourth Asian growth capital fund, Carlyle Asia Growth Partners IV, a sector-agnostic growth capital fund which will invest in high growth private companies in China, India, Korea and other key Asian markets.
The fund raised has $1.04 billion in 14 months from a range of investors.
“Our new fund offers access to high growth opportunities with no leverage, providing attractive risk-adjusted returns. Despite the economic downturn, most of our growth capital portfolio companies have achieved growth rates in the range of 20-50 per cent over the last year,” said Wayne Tsou, managing director and head of Carlyle Asia Growth Partners.
Carlyle Asia Growth Partners IV is the fourth fund managed by the Carlyle Asia Growth Capital group, which has an aggregate committed capital of approximately US$2 billion.
