The US buyout firm, Carlyle Group has raised over $3 billion in funding to invest in a pan-European technology fund. According to the co-heads of Carlyle Europe Technology Partners, Michael Wand, and Vladimir Lasocki, this funding will focus on investments in lower mid-market and growth technology companies across Europe.
Carlyle Group
With $376 billion of assets under its management, the Carlyle Group is a global private equity, alternative asset management, and financial services firm. It is one of the biggest mega-funds in the world, and it specializes in private equity, real assets, and private credit. Carlyle’s goal is to invest wisely and create virtue on behalf of its investors, portfolio companies, and the communities in which we live and invest. Currently, the group has raised over $3bn for European tech investments.
The Fund
The fund, CETP V, has been confirmed to have already surpassed its 2.5-billion-euro target after less than a year of fundraising, more than doubling the size of its predecessor, CETP IV.
The Funding Outlook
With an average investment horizon of five years, the fund will look to take advantage of “pockets of life” in the economy and target sectors such as cybersecurity, digital transformation, and cleantech, as well as software applications for financial services, infrastructure, and healthcare, said the co-heads of the firm.
Carlyle seeks to invest in essentially 20-30 companies through the new fund and in most cases will purchase a majority stake. Lastly, CETP V will conserve around 15% of the fund for growth equity transactions.
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