Carlyle Is Said to Seek Stake in Hedge-Fund Manager

Carlyle Group, the world’s second-largest private-equity firm, may buy a stake in a hedge-fund manager and is negotiating with several firms as it seeks to add more liquid investments, said three people briefed on the plans.

Carlyle is talking to firms including one hedge fund with as much as $5 billion in assets that trades across multiple markets, said the people, who asked not to be identified because the information is private. The firm is also seeking to raise two new debt funds and a $1 billion pool to buy small companies, the people said.