Alternative asset manager The Carlyle Group has held the final close of Carlyle Partners VI, a USD13bn fund that invests in US corporate buyouts and strategic minority investments across six industries.
A total of 269 investors from 43 countries committed capital to the fund. The team began fundraising in late 2011 with a USD10bn target.
Allan Holt, managing director and co-head of the US buyout group, says: "We are grateful for the support of our fund investors, many of whom are repeat investors. Institutional and individual investors across the globe understand the value of having a proven buyout fund in their portfolio. We will take good care of their money as we work to invest wisely and create value."
Carlyle's previous US buyout fund, the USD13.7bn Carlyle Partners V, closed at the end of 2008. Notable investments in that fund include Axalta Coating Systems, formerly DuPont Performance Coatings; Beats Electronics; Booz Allen Hamilton; and Pharmaceutical Product Development.
Carlyle, its senior professionals, operating executives, other professionals and advisors committed USD1bn in capital alongside Carlyle Partners VI fund investors, who committed USD12bn.
