Photo: Jun Rong Loo/ Unsplash.com

US investment giant Carlyle Group said on Tuesday it had raised 430 billion yen ($2.8 billion) for its fifth Japan buyout fund, its largest investment vehicle for Japan.

Strong demand and backing from domestic and global investors helped it raise nearly 70% more than its previous fund, Carlyle said in a statement, adding that it began fundraising efforts less than a year ago.

The firm’s Japan buyout platform has invested more than 450 billion yen across about 40 private equity investments since 2000, the statement said.

Carlyle raised 258 billion yen ($2.3 billion) for its fourth buyout fund in 2020. It has 12 investments to date, the statement said.

Reuters