Carlyle Group mulling $300M India fund to boost investments
What's the story
Carlyle Group Inc, a leading global investment firm, is reportedly launching a dedicated India side fund. The new fund is targeting an estimated $300 million and will invest in various sectors including technology, healthcare, and financial services. The International Finance Corporation (IFC) has also shown interest in the new venture by proposing an investment of up to $60 million.
Investment strategy
Carlyle's India fund to complement CAP VI
The new India fund will work in tandem with Carlyle's sixth pan-Asia investment vehicle, CAP VI. The latter is the firm's newest regional Asia vehicle, excluding Japan. The sectors that the India fund will target include financial services, advanced manufacturing, consumer, media and retail, technology and business services, and healthcare.
Previous success
New fund follows successful Japan fund raise
Carlyle's new India fund comes after the firm raised a separate ¥430 billion ($2.7 billion) Japan fund last year. The company's latest move shows its commitment to expanding its investment portfolio in Asia, particularly in India. However, Carlyle has not yet commented on the launch of this new venture as reported by VCCircle.