Carlyle (CG) Delays 6th Asia Fund Close as Japan Pool Hits Demand
CGCarlyle(CG) ZACKS·2024-08-15 22:31

The Carlyle Group Inc. (CG) has delayed the closing of its latest pan-Asian buyout fund. According to Bloomberg, this delay occurred as investors were increasingly directing their interest and capital into other Japan-focused funds.CG has sought an extension to finalize its sixth regional buyout fund, which was launched more than two years ago and has only managed to secure 3billionincommitmentsbelowitsinitialtargetof3 billion in commitments below its initial target of 8.5 billion. Typically, raising such funds takes around 18 months.The slower-tha ...