IFC helps Carlyle grow Asia fund

The International Finance Corporation is set to provide up to $25m to Carlyle’s fifth Asia fund.

US-based private equity firm Carlyle has attracted a commitment from the International Finance Corporation (IFC), the private sector arm of the World Bank, for up to $25m for the Carlyle Asia Growth Partners fund, according to China Money Network.

The fund, the firm’s fifth such vehicle, was launched in May 2016 with a $1bn target. It is expected to invest in growth-stage companies in China and India, providing between $30m and $75m to an anticipated portfolio of 15 to 30 businesses.

IFC’s contribution will be limited to 20% of the fund’s total size.

Carlyle previously closed its fourth Asia growth fund in 2008 at just over $1bn. The firm currently has 10 growth capital funds under management across the world, with assets of $7bn as of the end of 2015.

See more from this Government Report: World Bank/IFC


Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. STT reinforces Armor with $89m investment

    April 06, 2017

  2. UK to review tax breaks

    April 03, 2017

  3. BDC helps accelerate Calgary startups

    April 13, 2017

  4. Arralis appears on Hong Kong-based consortium’s radar

    April 05, 2017

  5. Tianjin City launches $17.4bn fund

    April 13, 2017


  • 23 May - 24 May, 2017

    GCV Symposium 2017 - London

    Join 400+ business leaders from the corporate venturing and wider high growth business ecosystem for the two-day 2017 GCV Symposium.

  • More Events