Carlyle lowers threshold for new fund
Source: Agencies |
March 14, 2013, Thursday
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Print Edition
Print Edition
CARLYLE Group LP will now allow people to invest as little as US$50,000 in its new buyout fund, a regulatory filing has showed, as private equity firms look to widen their customer base in search of new sources of funding.
The lowered entry point is down from Carlyle's earlier minimum investment of between US$5 million and US$20 million, according to a filing made with the United States Securities and Exchange Commission.
The opportunity to invest in the new Carlyle buyout fund will be available to "accredited investors," who are defined as having a net worth in excess of US$1 million, or income in excess of US$200,000 in each of the two preceding years prior to the investment.
The new closed-end fund - known as CPG Carlyle Private Equity Fund LLC - has signed up Central Park Advisers LLC as investment adviser, which means Carlyle will not directly deal with individual investors.
The lowered entry point is down from Carlyle's earlier minimum investment of between US$5 million and US$20 million, according to a filing made with the United States Securities and Exchange Commission.
The opportunity to invest in the new Carlyle buyout fund will be available to "accredited investors," who are defined as having a net worth in excess of US$1 million, or income in excess of US$200,000 in each of the two preceding years prior to the investment.
The new closed-end fund - known as CPG Carlyle Private Equity Fund LLC - has signed up Central Park Advisers LLC as investment adviser, which means Carlyle will not directly deal with individual investors.
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