Carlyle Group Inc. expects to reach $17bn of its $22bn fundraising goal for its flagship private equity fund in coming months, according to people familiar with the matter.
The firm closed on almost $12 billion of investor money for its eighth flagship fund last year, and executives anticipate collecting roughly $5 billion more by the end of the second quarter, the people said.
There were 865 buyout and growth funds seeking new money at the end of last year. If they hit their fundraising goals, they could inject $530 billion into private markets, according to data compiled by Bloomberg.
Apollo Global Management Inc. is targeting $25 billion for its next flagship buyout fund. Blackstone Inc. has also been preparing to raise its largest private equity fund.
Read more: BNN Bloomberg
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