Carlyle Group raises $14bn for new fund

Thursday 27 November 2008 at 12:08

The Carlyle Group has raised $14bn (€10.9bn) for a new private equity fund, bucking a downward trend in private equity fundraising worldwide.

A source familiar with the situation confirmed a report from Thomson Reuters that Carlyle has already raised $14bn for a fund that is targeting a total of $15bn over several closings.