Carlyle raises $1.04 billion for latest Asia fund

Global private equity firm Carlyle Group has closed its fourth Asian growth capital fund, Carlyle Asia Growth Partners IV (CAGP IV), for which it raised a total of $1.04 billion in commitments. Managed by Carlyle Asia Growth Capital Partners, the fund invests in high-growth private companies with strong local management and leading market positions in China, India, Korea and other key Asian markets. The fund looks at potential investments on a per company basis and doesn't have any s…