Carlyle Raises $2.8 Billion for Largest Japan Buyout Fund

Carlyle Group Inc. raised 430 billion yen ($2.8 billion) for its fifth Japan buyout fund, adding to signs of investor interest in the country despite a gloomy fundraising climate for private equity firms globally.

It’s the largest Japan-focused buyout fund ever raised, according to Carlyle, and about 70% bigger than the previous one it pulled together in 2021, the company said in a statement on Tuesday. Carlyle Japan is seeking to add nine investment professionals this year in anticipation of increased deal flow, and has filled about half the positions, a spokesman said.