Carlyle Group closed its Carlyle Equity Opportunity Fund at $1.1 billion, more than the $1 billion it sought, for investments in middle-market companies in the U.S.
The fund will make investments of $25 million to $150 million in these companies, Carlyle said Wednesday in a statement.
“We see incredible opportunities in this large and underserved market and have a great team to pursue them,” Rodney Cohen, managing director and co-head of the U.S. middle-market investment team, said in the statement.
Arleen Jacobius contributed to this story.
