Carlyle Pushes for Industry’s Largest Buyout Fund at $27 Billion

  • The amount would surpass Blackstone’s record fundraising
  • Fund likely to include strategy for growth-focused companies

Photographer: Andrew Harrer/Bloomberg

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Carlyle Group Inc. is seeking to raise as much as $27 billion for its latest flagship fund, in what would be the industry’s largest-ever private equity pool.

The firm is in discussions with investors about the size of the fund, according to people familiar with the matter, and the total could change. Should it meet its goal, Carlyle would surpass Blackstone Group Inc.’s $26 billion record from 2019. The fund would also be 46% larger than its previous flagship pool from 2018.