
Carlyle and Cardinal close Ireland fund on €292m
Carlyle and Cardinal Capital Group have closed their Carlyle Cardinal Ireland Fund (CCI) on €292m.
The fundraising reflects increasing confidence in the Irish economy and the establishment of a more connected private equity community, supported by local government. Read our analysis of recent developments in the Irish private equity market here.
Investors
The fund received a €125m commitment from the Irish National Pensions Reserve Fund and was also supported by Enterprise Ireland.
Investments
The vehilcle has already made an investment in luxury chocolate maker Lily O'Brien's.
CCI will target mid-cap investments in the technology, media, telecommunications, healthcare, cleantech, consumer brands, specialist manufacturing and financial services sectors.
People
Robert Easton is managing director and head of Carlyle's CCI team. Nigel McDermott is co-founder of Cardinal.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater