Saturday, 30 August 2014
Last updated 1 day ago
Nov 25 2013 | 1:49pm ET
The Carlyle Group has raised $13 billion for its sixth U.S. buyout fund.
The firm said today that it had garnered 30% more than the $10 billion target it set two years ago. Carlyle Capital Partners VI is the Washington, D.C.-based firm's first U.S. private-equity fund since the financial crisis.
Some $1 billion of the money comes from Carlyle itself, its employees and its advisers.
"We are grateful for the support of our fund investors, many of whom are repeat investors," Carlyle U.S. buyout group co-head Allan Holt said. "We will take good care of their money as we work to invest wisely and create value."
The new fund is slightly smaller than Carlyle's fifth U.S. fund, which closed in 2008 with $13.7 billion. Investors had sought to commit $14 billion to the sixth fund, but Carlyle turned down the final $1 billion.
For its part, the fifth fund has enjoyed a 13% net internal rate of return through the end of September.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...