Carlyle Group Inc. is restructuring its European private equity business with the aim of encouraging its two main buyout strategies to share resources and ideas.
The US group will create a new European private equity executive committee to coordinate operations between Carlyle Europe Partners and Carlyle Europe Technology Partners, according to an internal memo seen by Bloomberg. The idea is that the two investment teams, which manage 17.3 billion euros ($18.2 billion), will better pool resources and share deal opportunities.
Carlyle’s CETP team are in the process of raising 2.5 billion euros for a fifth flagship fund, according to a person familiar with the matter, who asked not to be identified discussing fundraising. A spokesman for Carlyle declined to comment on the process.
Read more: BNN Bloomberg
