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Carlyle's $1 Billion Growth Fund to Focus on India and China

Carlyle's $1 Billion Growth Fund to Focus on India and China

Washington D.C.-based global private equity firm Carlyle will raise $1 billion under its new Asian growth fund largely focused on investing in India and China.

Per a disclosure, the International Finance Corp is one of its Limited Partners, and the private sector investment arm of World Bank has committed $25 million to the fund. The new growth fund is expected to make 15 to 20 investments ranging between $30 million to $75 million in China and India, accounting for $800 million of the total amount, reports VCCircle.

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