The Asia Growth team targets small buyout and late-stage growth capital investments in China, India and Korea.
The Asia Growth team seeks out and invests behind outstanding entrepreneurs and local management teams to fund high growth, promising companies across a broad range of sectors with exclusive geographic focus on China, India, and Korea.
Investments by the Asia Growth team typically result in significant minority positions in target companies with Carlyle as the lead or sole financial investor in proprietary situations, although in certain cases the team will also pursue "mini-buyouts" using minimum financial engineering and corporate carve-outs with strategic partners.
The Asia Growth team deploys a country-specific strategy unconstrained by industry sectors or stages of development of the target companies, with an emphasis on providing growth and expansion capital to private companies with a track record of profitability and a potential for continued rapid growth.
The regionally integrated team is comprised of seasoned investment professionals, each a local native to his/her respective country, spread across six offices in Beijing, Shanghai, Chengdu, Hong Kong, Mumbai, and Seoul. The team's post-investment approach is to be a hands-on, long-term value-adding partner to the portfolio company CEO and senior management, leveraging the entire Carlyle global network and resources to accelerate the growth of the portfolio company.
The Asia Growth team is currently investing out of Carlyle Asia Growth Partners IV, L.P. (CAGP VI), a $1.04 billion Asia growth capital fund launched in 2008. The team is also managing two predecessor funds, the $164 million Carlyle Asia Venture Partners II, L.P. (CAVP II) launched in 2001, and the $680 million Carlyle Asia Growth Partners III, L.P. (CAGP III) launched in 2005, for a total assets under management of approximately $1.9 billion.