By Kane Wu
HONG KONG (Reuters) -U.S. investment giant Carlyle group said on Tuesday it had raised 430 billion yen ($2.8 billion) for its fifth Japan buyout fund, its largest investment vehicle for Japan.
Strong demand and backing from domestic and global investors helped it raise nearly 70% more than its previous fund, Carlyle said in a statement, adding that it began fundraising efforts less than a year ago.
The firm’s Japan buyout platform has invested more than 450 billion yen across about 40 private equity investments since 2000, the statement said.
Carlyle raised 258 billion yen ($2.3 billion) for its fourth buyout fund in 2020.
It has 12 investments to date, the statement said.
(Reporting by Kane Wu; Editing by Kirsten Donovan and Bernadette Baum)
