Tuesday, March 29, 2005

Out to Hunt the Big Corporate Game

Carlyle Group raises $10bn fund -- on hunt for big game [WSJ]

The Washington, D.C.-based fund that invests in corporate buyouts today will take the wraps off its newest funds, having raised $7.85 billion for making U.S. investments and an additional $2.2 billion for European purchases, according to Carlyle officials. The U.S. fund is the largest buyout fund ever raised.

And Carlyle will be able to borrow about $45 billion against that $10 billion. That total is more than the combined market capitalizations of Nike Inc. and Ford Motor Co., with plenty of change to spare.