Carlyle Raises $1 Billion for Financial Company Investing
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Carlyle Group LP collected $1 billion for its second fund dedicated to investing in financial companies, half the pool’s original target amount.
Carlyle Global Financial Services Partners II was seeking $2 billion in 2012, according to a presentation at the time to investors, a copy of which was obtained by Bloomberg News. The fund started gathering money in 2011 and will invest in asset-management firms, insurance companies, financial technology and other business services, according to a statement today from Washington-based Carlyle, the second-biggest alternative-asset manager.