US

The firm is hoping to convince investors with its superior DPI numbers, after falling short of its last flagship fundraising target.

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

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.

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

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

The pension will look to increase its exposure to both the European market and secondaries in 2026.

Joined by global peers, Mike Lazorik of Texas TRS tells delegates at PEI Group's NEXUS 2026 event that LP-GP alignment ‘has never been more complicated.’

Scott Harrison, who has a background in both investments and operations, was promoted to managing partner and COO, joining Tom Burger and Kevin Jackson in the firm’s top leadership.

‘The first thing people want more than anything else is dignity and respect, a place of purpose and belonging,’ Garden City founder Michael Arrieta told Buyouts.