Deals
Carlyle Raises $18.5 Billion, Its Biggest Fund Ever
- Buyout fund will focus primarily on U.S. deals, firm says
- Blackstone expected to seek $20 billion for new fund
Photographer: Andrew Harrer/Bloomberg
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Carlyle Group LP closed its biggest fund yet, raising $18.5 billion as money pours into the private equity industry from investors seeking the high returns it has historically delivered.
The fund will invest primarily in the U.S. across five industries, including aerospace, defense and government services, the Washington-based firm said in a statement Monday.