Carlyle Group Plans New Fund for Long-Term Infrastructure Bets
A construction crew works at a site in Denver, Colorado, on July 15, 2021.
Photographer: Michael Ciaglo/BloombergThis article is for subscribers only.
Carlyle Group Inc. is planning to raise a new fund dedicated to long-term infrastructure bets, according to people with knowledge of the matter.
The Washington, D.C.-based firm has begun discussing the Carlyle Diversified Infrastructure Fund with potential investors, said the people, requesting anonymity discussing confidential talks. The open-ended fund would have targeted returns of 8% to 10%, the people said. Carlyle previously focused on closed-ended infrastructure funds, with targeted returns of 12% to 15%.