The Carlyle Group held a final close of $13 billion for Carlyle Partners VI, a U.S. corporate buyout fund that makes strategic minority investments across six industries.
According to a Carlyle news release, the firm began fundraising in 2011 with a target of $10 billion. Ultimately, 269 investors committed to the fund.
In addition to Carlyle itself, which committed a total of $1 billion to the fund, investors include the $277.3 billion California Public Employees' Retirement System, Sacramento; New Jersey Division of Investment, Trenton, on behalf of the $76.7 billion New Jersey Pension Fund; and the $39.8 billion Los Angeles County Employees' Retirement Association, Pasadena, Calif.
Carlyle's previous U.S. buyout fund, Carlyle Partners V, closed at $13.7 billion at the end of 2008.