Thursday, October 19, 2006

Private Equity Firms Can’t Spend It Fast Enough

The supply of money for buyouts seems to have no limit these days, as Carlyle Group is said to be assembling a megafund and two other firms are reportedly fattening their already-huge investment pools.
Bloomberg News wrote that Washington-based Carlyle plans to raise as much as $15 billion for a U.S. private equity fund, which would put it on a par with rivals Blackstone Group and Texas Pacific Group. Citing a “a person with knowledge of the matter,” Bloomberg said Carlyle will start hitting up pension funds and endowments next year.

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