Carlyle raises €6.4bn

The global alternative asset manager closes fifth Europe Partners fund above target.

The Carlyle Group has held a final close of Carlyle Europe Partners V at €6.4 billion, surpassing its target by almost €1 billion. The pan-European fund will continue to pursue upper mid-market opportunities across a variety of sectors.

Investors committed to the fund include the Canada Pension Plan Investment Board (€300 million) and the California State Teachers’ Retirement System ($175 million).

Carlyle Europe Partners IV closed at €3.67 billion in July 2015.