Carlyle Halfway On Asia Fund After 18 Months

The Carlyle Group’s third Asia buyout fund may be lucky to meet its target. According to a regulatory filing dated March 16, Carlyle Asia Partners III has raised $1.927 billion from 89 investors, after being formed in 2007 with a listed target of $5 billion. However, I’m pretty sure that’s an optimistic hard cap, since Bloomberg reported it at $4 billion target back in February '08. That same story quotes sources as saying the firm hopes to wrap up fundraising by mid-year ’08. Clearly, times have changed.

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