Carlyle Group Gets $1.1B For Middle-Market Buyout Fund

Law360, New York (November 7, 2012, 8:53 PM EST) -- The Carlyle Group LP has found a bright spot in a tough fundraising market, announcing Wednesday that it raised $1.1 billion for a U.S.-focused middle-market buyout fund.

Carlyle Equity Opportunity Fund overshot its fundraising target by $100 million, Carlyle said — no easy feat with overall private equity fundraising down more than 20 percent since springtime. CEOF will go after companies that require capital infusions of $25 million to $150 million, according to a statement from Washington, D.C.-based Carlyle.

"We are gratified by the strong investor...
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