Global private equity firm Carlyle will mop up $668
million for investments mainly in India and China, the
two Asian growth engines. Carlyle, which has nearly
$39 billion under management in various private equity
schemes, said it would invest $25-30 million in high-growth
companies. The current mobilisation is the biggest in
Carlyle's ongoing funding plans for Asia.
proposes to channel funds through the network of companies
in which it has stake worldwide. Carlyle growth fund's
India head Shankar Narayanan said the company would
use two-thirds of the funds for India and China and
the rest for Japan and Korea.
he said, would be looking at funding expansion plans
of companies with good track record. He also hinted
at increased investments in auto ancillary, textiles
and pharma sectors.
group already has investments in a few companies in
which is registered in India under its Mauritius subsidiary,
invests in both listed and unlisted companies.