Carlyle closes $989m Japan buyout fund after slog

The US private equity firm's third Japan buyout fund closed after a protracted fundraising exercise that saw it enlist new and existing investors.

The Carlyle Group has raised ¥119.5 billion ($989 million) for its third yen-denominated buyout fund, surpassing its fundraising goal of ¥100 billion, the private equity firm said on Thursday.

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