Carlyle Group, better known on Wall Street as the
world’s second-biggest private-equity firm, said execs pledged more than
$700 million of their own money to its latest buyout fund, boosting efforts to
reach a $10 billion goal.
The insider commitments during the second quarter, disclosed
in a filing with the U.S. Securities and Exchange Commission, accounted for 35
percent of the $2 billion brought in during its first fundraising round at the
end of May. The management’s contribution would represent at least 7 percent of
the target that the firm has set for Carlyle Partners VI LP.
Carlyle, led by co-founders William Conway, Daniel D’Aniello
and David Rubenstein, is offering breaks such as lower fees for big clients to
entice investors in the most crowded market for gathering money since 2009…..
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