Carlyle to Allow Investors With as Little as $50,000 in New Fund
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Carlyle Group LP, the world’s second-biggest private-equity firm by assets, is lowering the minimum a person can invest in a new buyout-focused fund as it seeks to expand its number of so-called limited partners.
The fund, which Washington-based Carlyle is starting with investment firm Central Park Group LLC, will accept commitments of as low as $50,000 from accredited investors, according to a regulatory filing with the U.S. Securities and Exchange Commission. The SEC defines an accredited investor as having a net worth of more than $1 million; earning more than $200,000 in each of the past two years, or $300,000 including a spouse; or being involved in the management of the fund.