Managers

The fund had set a target of $4.25bn in the fourth quarter of last year.

NPMI Fund II could be six times larger than its predecessor, PEI understands.

Along with the $50bn targeted for private equity over 2026-28, Carlyle aims to bring in more than $90bn for global credit strategies and more than $60bn for Carlyle AlpInvest, its secondaries platform.

“We have sent significant capital back to our investors over the last two to three years, and as you can imagine, it was very well-received given the liquidity-starved environment many LPs have highlighted,” said Neil White, the firm’s president and managing partner.

A new dynamic is driving private equity fundraising. In an increasingly bifurcated market, success will be yours according to whether you've returned capital to LPs.

Takeshi Tsubota led Japan fundraising for the $908bn private markets manager since 2023.

The manager, which has some $7bn in AUM, is now under the sole control of co-founder Adam Waglay.

In today's edition, Four LPs share their 2026 commitment plans with NEXUS delegates; Why specialisation is key for emerging managers launching debut funds; A US buyout firm has closed its seventh flagship above target.

The firm is eyeing more appointments in Hong Kong and Singapore soon, Asia investor relations head Chris Cho tells PEI.

'Our portfolio meets the times,' Brian Bernasek, co-head of Americas corporate private equity at Carlyle, told Buyouts. 'We have assets that buyers want.'