Carlyle Group has raised more than €3 billion for a new pan-European technology fund that will focus on investments in lower mid-market and growth technology companies across Europe, according to a report by Reuters.
Carlyle Group has raised more than €3 billion for a new pan-European technology fund that will focus on investments in lower mid-market and growth technology companies across Europe, according to a report by Reuters.
The report cites the co-heads of the US buyout firm’ s Carlyle Europe Technology Partners as confirming that the new CETP V has exceeded its €2.5 billion target after less than a year of fundraising, more than doubling the size of the previous fund CETP IV.
Michael Wand and Vladimir Lasocki told Reuters in an interview that the fund will look to take advantage of “pockets of life” in the economy and target cybersecurity, digital transformation and cleantech deals as well as software applications for financial services, healthcare and infrastructure, with an average investment horizon of five years.
The new fund will aim to acquire mainly majority stakes in approximately 20-30 companies, with 15% of the fund being reserved for growth equity transactions.
