The Carlyle Group (NASDAQ: CG), a Global alternative asset manager, has raised $1.1bn for U.S. middle market buyout investments.
Carlyle Equity Opportunity Fund (CEOF), which had a fundraising goal of $1bn, targets control investments in middle market companies requiring equity capital of $25m to $150m per transaction.
To date, the 14-person CEOF team led by Managing Directors Rodney Cohen and Brooke Coburn, has invested more than 20% of the fund in four transactions:
Philadelphia Energy Solutions (formerly Sunoco Refinery);
Dynamic Precision Group, an aerospace component manufacturer;
Worldstrides, a provider of educational student travel programs and
Service King, a collision repair multi-shop operator in Texas and the third largest in the United States.