Investors in Carlyle’s $18.5bn seventh main fund can sell stakes to secondary investors including Partners Group to prompt investments in the firm’s eighth buyout megafund
Carlyle Group aims to boost commitments to its latest main buyout fund by helping investors in a predecessor vehicle cash out while asking buyers of those stakes to back the new fund, according to several people with knowledge of the matter.
The Washington-based private asset manager is giving investors in Carlyle Partners VII, or CP VII, one of the largest buyout funds ever raised when it closed in 2018, the option to sell their holdings to investors that specialise in acquiring secondhand fund stakes, the people said.
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