Carlyle to launch new fund backed by IFC, targeting $1 bn commitment

It will be a 10-year closed-end generalist private equity fund, domiciled in Cayman Islands

The Carlyle Group, a US-based investment entity, is planning to launch a new fund, to invest in small buyout and late-stage growth capital investments in some countries, including India.

Targeting $1 billion in commitments, will be backed by International Finance Corporation (IFC). It will be a 10-year closed-end generalist private equity fund, domiciled in the Cayman Islands.

Carlyle Asia Growth Partners Fund-V, as it is called, is apparently to look primarily at China and India, and to an extent, South Korea. It is expected to make 15 to 20 investments of a size of $30-75 million each, in high-growth companies that are