The Carlyle Group Raises $308 Million for Investments in Peru
February 19 2013 - 7:00AM
Business Wire
Global alternative asset manager The Carlyle Group (NASDAQ: CG)
today announced it has raised $308 million for Carlyle Peru Fund,
L.P. and its parallel vehicles, extending the South America
investment presence the firm established five years ago.
The Fund will be invested by Carlyle in consultation with
Credicorp, Peru’s largest bank, across industries including
healthcare, retail and consumer, services to mining, construction
and infrastructure businesses, and education. Carlyle opened its
Lima office last year and now has four full-time investment
advisory professionals based there.
Juan Carlos Felix, Carlyle Managing Director and Co-head of the
South America Buyout team, said, “We see many long-term investment
opportunities for our new Peru Fund in this vibrant market. South
America is undergoing a transformational change toward more
developed economies, with a new middle class being created, and we
believe Peru is at the leading edge of that trend. We have the
right team in place on the ground in Lima to partner with
entrepreneurs and family business owners to create lasting
value.”
Marco Peschiera, Principal and Head of Carlyle’s Peru team,
said, “We believe the Peruvian private equity market remains
underdeveloped, with a large percentage of medium-size family
controlled businesses providing ample room for growth. Our team is
well positioned to assess risks and rewards in Peru and we have a
great local partner in Credicorp with its unmatched Peruvian
platform. We will also benefit from Carlyle’s strong global
presence and network in helping our local partners and founders
take their companies to the next level of regional and global
success.”
The $308 million Peru fund joins the nearly $1 billion raised by
Carlyle for two investment funds dedicated to buyouts in South
America and Brazil, which have invested in six companies under the
direction of a team based in Sao Paulo, Brazil.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset
manager with $157 billion of assets under management across 101
funds and 64 fund of fund vehicles as of September 30, 2012.
Carlyle’s purpose is to invest wisely and create value on behalf of
our investors, many of whom are public pensions. Carlyle invests
across four segments – Corporate Private Equity, Real Assets,
Global Market Strategies and Fund of Funds Solutions – in Africa,
Asia, Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries, including:
aerospace, defense & government services, consumer &
retail, energy, financial services, healthcare, industrial,
technology & business services, telecommunications & media
and transportation. The Carlyle Group employs 1,300 people in 32
offices across six continents.
Web: www.carlyle.comVideos: www.youtube.com/onecarlyleTweets:
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