News Release
The Carlyle Group Closes Carlyle Asia Partners IV Fund at $3.9 Billion
Carlyle’s AUM across all funds in Asia rises to $13.6 Billion
Beijing, China – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the final close of Carlyle Asia Partners IV (CAP IV) at $3.9 billion, more than 50% larger than its predecessor fund CAP III. Carlyle’s Asia buyout funds make control and significant minority investments in well established companies across the Asia ex-Japan region.
The final close of CAP IV, which exceeded its target of $3.5 billion, brings the firm’s assets under management in Asia funds, including Japan, to $13.6 billion across its buyout, growth, RMB and real estate funds.
X.D. Yang, Managing Director and Co-Head of the Carlyle Asia buyout team, said: “We appreciate the support of our fund investors who share our belief and confidence in the current and long-term investment opportunities in Asia. We believe that the regional economy will continue to grow much faster than the rest of the world. Rising middle class and their demand for better products and services are key drivers of these investment opportunities.”
He added: “With a focus on opportunities in the consumer and retail, financial services, TMT and healthcare sectors, we will work to build on the strong track record of our previous funds for our investors. We will leverage Carlyle’s deep industry expertise and global network and seek to create value for our investors and companies we invest in through the insight and execution of our local teams in the local markets.”
David M. Rubenstein, Co-CEO of The Carlyle Group, said: “Carlyle is a pioneer in private equity investing in Asia. Our diverse Asian platform has created significant value for our investors. We are excited about the great opportunities we see throughout Asia and are committed to investing resources, expertise and capital in this critical region of the global economy.”
CAP IV made its first investment in May in ADT Korea, a prominent security services company. In August, the fund invested in Ganji.com, a top operator of online and mobile-based classifieds in China.
The Carlyle Asia buyout team has 44 investment professionals in eight offices who advise four pan-Asia funds and one RMB fund.
Having first established its presence in the Asia Pacific region in 1998, Carlyle now has offices in Beijing, Hong Kong, Jakarta, Mumbai, Seoul, Singapore, Shanghai, Sydney and Tokyo. Carlyle has invested $14.1 billion in equity throughout Asia Pacific as of June 30, 2014.
In China alone, Carlyle has invested $5.2 billion in about 80 transactions as of June 30, 2014, making it one of the largest foreign investors in China.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $203 billion of assets under management across 126 funds and 139 fund of funds vehicles as of June 30, 2014. Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,600 people in 40 offices across six continents.
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