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Carlyle Seeking $5 billion for Fund to Stay in the Game Longer

Carlyle Group co-founder and CEO David Rubenstein participates in the Washington Ideas Forum,   in Washington

 

Private equity firm Carlyle Group LP is looking to raise about $5 billion for a fund that can hold stakes in companies for as long as 20 years, Bloomberg reported.

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The company expects to make investments that do not fit within the mandate of its sixth main buyout fund, which raised $13 billion last year, Bloomberg said, citing people familiar with the matter. (http://bloom.bg/1xSTSwd)

The fund would charge lower fees than its traditional buyout offering and the investments could include taking minority stakes in companies and backing family-owned businesses, Bloomberg said.

Carlyle plans to charge a 1 percent management fee and take 15 percent of the profits on the longer-life fund, according to the people.

Carlyle was not immediately available for comment.

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