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Carlyle, Banco de Credito Plan Peru Equity Fund, Gestion Says

Carlyle Group and Banco de Credito del Peru plan to create Peru’s biggest private equity fund, Gestion reported, citing Javier Maggiolo, head of the bank’s capital markets division.

The fund will rise to $700 million in three years from $200 million initially and will invest in medium-sized businesses seeking to take advantage of growing domestic demand, Maggiolo said, according to the Lima-based newspaper.