Carlyle Group plans to broaden asset management

According to press reports, the Carlyle Group plans to open a new office in London next year as part of its strategy to strengthen its European fund of funds focus. It is said that the London outfit will form the European arm of the group’s new division, Carlyle Asset Management, which will be launched in the US this summer and could raise $1bn via two funds. According to published sources, Carlyle Asset Management, which is headed by former World Bank treasurer Afsaneh Mashayekhi Beschloss, is preparing to roll out a hedge fund as well as private equity funds and a secondary private equity fund. It is understood that Carlyle, which already has more than $13bn under management, is looking to raise $500m for each fund.

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• Topics
• GPs
• UK / Ireland