Carlyle raises $2.55 billion fund

Carlyle raises its third Asia fund, adding $2.55 billion of capital to its war chest for private equity investments in the region.

The Carlyle Group has raised a new fund to pursue private equity investments in the region, closing Carlyle Asia Partners III with $2.55 billion of commitments.

The fund, Carlyle's third in Asia-Pacific ex-Japan, is more than 40% larger than its predecessor fund, Carlyle Asia Partners II, and takes the total capital Carlyle has committed to the region to more than $5 billion.

The new fund attracted interest from large...

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