Carlyle seeks to raise up to $ 27 billion for latest flagship fund

© Reuters. FILE PHOTO: The Carlyle Group logo is displayed at the company’s Tokyo, Japan office October 17, 2018. REUTERS / Issei Kato

(Reuters) – Private equity firm Carlyle Group (NASDAQ 🙂 Inc is looking to raise up to $ 27 billion for its latest flagship fund, Bloomberg News reported Thursday.

The company is in discussions with investors over the size of the fund, according to the report, citing people familiar with the matter. (https://bloom.bg/3hXOVi2)

The fund is said to be 46% larger than its previous flagship pool from 2018, Bloomberg News said.

Private equity firms in general raise huge sums of money from investors, giving them the opportunity to consider new deals and acquisitions against a backdrop of skyrocketing valuations of target companies.

Private equity firm Hellman & Friedman said last Thursday it had closed a $ 24.4 billion fund, the largest ever.

KKR & Co (NYSE 🙂 raised $ 18.5 billion in May and Bain Capital raised $ 11.8 billion in April from investors and outside employees for their flagship buyout funds in North America.

Carlyle declined a Reuters request for comment.

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