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.