IFC helps Carlyle grow Asia fund
Posted on 14 March, 2017 by Thierry Heles, editor
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.
Latest magazinePast Issues
Get full online access, the monthly magazine, weekly news alerts, special reports and more.See all subscription options
November 28, 2017
November 16, 2017
November 21, 2017
November 22, 2017
November 30, 2017