Carlyle Group is launching a dedicated India side-fund alongside its sixth pan-Asia vehicle, aiming for approximately $300m in commitments, according to a report by Bloomberg.
The vehicle will operate in tandem with Carlyle’s latest Asia-focussed fund Carlyle Asia Partners VI, which excludes Japan, where the firm raised a separate $2.7bn fund last year. The new side-fund seeks to deploy capital across financial services, advanced manufacturing, consumer, media & retail, technology & business services, and healthcare.
The International Finance Corporation (IFC) has proposed an investment of up to $60m in the vehicle, signalling institutional support for the initiative.
