
Carlyle closes fourth fund on €3.75bn
Carlyle has raised €3.75bn for its Carlyle Europe Partners IV (CEP IV) fund, reaching the vehicle’s hard-cap.
The fund was launched in January 2013, and reached a first close on €1.25bn in August 2013. The fund also held an interim close on €1.55bn in January 2015.
The fund's predecessor, Carlyle European Partners III, raised €5.35bn in September 2007.
Investors
The fund attracted commitments from 140 investors based in 35 countries. Globally, investors were roughly split between a third in Europe, a third in the US and a third from Asia.
Investments
CEP IV will target European upper-mid-market companies across a wide range of sectors.
The fund has already made four investments: Homair Vacances, a pan-European holiday accommodation group; Schneider Electric's Custom Sensors and Technology, a manufacturer of sensing, control and motion products; Sematic, a manufacturer of elevator components; and Palacios, a speciality Spanish foods supplier.
People
Marco De Benedetti and Gregor Boehm are managing directors and co-heads of Carlyle.
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