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Carlyle Is Said to Seek $3.5 Billion for Fourth Asia Buyout Fund

Carlyle Group LP, the private-equity firm that went public this month, plans to seek about $3.5 billion for its fourth buyout fund in Asia, two people familiar with the matter said.

Carlyle, which has made initial approaches to investors, has yet to start marketing the fund, one of the people said, asking not to be identified because the information isn’t public.