Stock Market

Carlyle won’t be able to raise $22 billion by March 2023, as planned.

The Financial Times reported on Wednesday that the U.S. buyout group Carlyle Group (NASDAQ:CG) is having trouble getting the $22 billion it needs for its largest fund.

The company has asked its investors for more time until the end of August because it is likely to miss its goal of raising money by March 2023, three people with knowledge of the matter told the report.

One of the people quoted in the report said that about $17 billion has been raised for the fund so far.

Related: Olympus nears $2 billion sale of microscope unit, sources say.

Reuters asked Carlyle for a comment, but he didn’t answer right away.

Co-heads of Carlyle Europe Technology Partners told Reuters in November that the buyout firm raised more than 3 billion euros ($3.19 billion) for a pan-European technology fund that is taking advantage of “pockets of life” in the economy.

In August, Reuters reported that sources said Carlyle was looking into a new $8.5 billion Asia-focused buyout fund that was aiming for its first close in the next couple of months.

($1 = 0.9411 euros)

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button