At Carlyle Group, a sign of life in private equity
Amid the market uncertainty, leading private-equity shop Carlyle Group has raised $10 billion for two funds, new report says.
NEW YORK (CNNMoney.com) -- The private-equity spigot hasn't turned off completely.
The Wall Street Journal reported Saturday on its website that the Carlyle Group, the private-equity giant, has completed two funds - a $3 billion one for real estate and a second $7 billion fund for acquisitions in Europe.
Carlyle is also reportedly considering a third one for buyouts of financial-services companies.
The news site said Carlyle's success in raising funds suggests that the private-equity sector can weather the credit crisis and is focusing more on asset management.
Carlyle, like private-equity powerhouse Kohlberg Kravis Roberts, has mulled an initial public offering. While KKR has indicated it still plans to pursue a stock sale, Carlyle has tabled the idea as markets have swooned.