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Carlyle Launches $300M India Fund for Tech & Health
23 Nov
Summary
- Carlyle Group is establishing a new India-focused side fund.
- The fund targets approximately $300 million for investments.
- Investments will span technology, health care, and financial services.
Carlyle Group Inc. is expanding its investment footprint in Asia by launching a dedicated side fund for India. This new vehicle aims to capitalize on a broad spectrum of growth opportunities within the South Asian country, spanning key sectors such as technology, health care, and financial services.
The fund is targeting an ambitious capital raise of approximately $300 million. In a significant development, the International Finance Corporation has signaled its intent to invest up to $60 million, highlighting confidence in Carlyle's strategy for the Indian market. This new India fund will operate in conjunction with the firm's sixth pan-Asia investment vehicle, CAP VI.
Carlyle's latest initiative signals a strong commitment to the Indian market, with planned investments across financial services, advanced manufacturing, consumer goods, media, retail, technology, and business services. The firm's previous fundraising efforts include a substantial 430 billion yen ($2.7 billion) Japan fund raised last year.
