Private equity firm Carlyle Group Inc (CG.O) is looking to raise as much as $27 billion for its latest flagship fund, Bloomberg News reported on Thursday.
The firm is in discussions with investors about the size of the fund, according to the report, citing people familiar with the matter. The fund would be 46% larger than its previous flagship pool from 2018, Bloomberg News said.
Private equity firms in general are amassing huge sums from investors, giving them a chance to look into fresh deals and acquisitions amid soaring valuations of target companies.
Read more/Source: Reuters
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.