Sunday, 24 May 2015
Last updated 2 days 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…