Posted 11/16/2023, 8:48:00 AM
Carlyle Lowers Asia Fund Target to $6B Amid Challenging Markets
- Carlyle Group has lowered fundraising target for its latest Asia fund from $8.5B to $6B amid challenging markets
- Carlyle has raised less than $3B so far for the 6th Asia fund, launched mid-2022
- Slowing global economy and geopolitical tensions have dampened investor appetite
- Carlyle struggling with exits, fundraising globally; new CEO not pleased with 2023 fundraising
- India to get largest allocation (30-35%) in new Asia fund; China portion same as before at 15-20%