Global alternative asset manager The Carlyle Group has announced the first and final closing of CETP IV, a €1.35 billion fund that invests in lower middle market technology-focused companies in Europe and the U.S. Starting the capital raise in October 2018, the fund received substantial limited partner interest, enabling Carlyle to nearly double the size of its prior fund and hit its hard cap. Investors across the world committed capital to CETP IV, including sovereign wealth funds, public & corporate pensions, insurance companies, fund of funds, foundations, family offices and high net worth individuals.
The transatlantic 19-person CETP IV team will continue its strategy of investing in business-to-business companies in the European and U.S. lower middle market. Since the firm’s inception, Carlyle has invested $16.2 billion in 193 investments within technology, media and telecommunications (TMT) as part of Carlyle’s Corporate Private Equity segment, which has assets under management of $82 billion and 294 investment professionals.
Michael Wand and Vladimir Lasocki, Managing Directors and Co-Heads of CETP IV, said: “We are grateful for the confidence of our investors, many of whom are repeat limited partners, and we are pleased to broaden our capital base with a number of new institutional investors. Their support is valued along with their ability to move quickly, which enabled us to achieve our hard cap in only three months.”
“We believe Carlyle’s global platform, combined with CETP IV’s local sector-specialist team, makes us the right partner for entrepreneurs and management teams to build global businesses, as we continue our nearly 20-year focus on investing in attractive technology opportunities in the lower middle-market on both sides of the Atlantic.”
Kewsong Lee, Carlyle’s Co-Chief Executive Officer, said: “We want to thank our limited partners for their immense support, which is a testament to CETP IV’s long-term performance and the team’s distinctive capabilities and positioning in the market. CETP IV harnesses Carlyle’s deep technology expertise, extensive global networks and substantial operating resources to create a clear edge in value creation.”
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $212 billion of assets
under management across 339 investment vehicles as of September 30, 2018. Carlyle’s purpose
is to invest wisely and create value on behalf of its investors, many of whom are public pensions.
Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and
Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries, including: aerospace, defense & government
services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology
& business services, telecommunications & media and transportation. The Carlyle Group employs
more than 1,625 people in 31 offices across six continents.
Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary
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