08:29 AM EDT, 05/21/2024 (MT Newswires) -- Carlyle Group ( CG ) said Tuesday that it raised 430 billion yen ($2.8 billion) for its fifth Japanese buyout fund, Carlyle Japan Partners V.

The fund, which raised almost 70% more than the size of its predecessor fund, is the largest for a Japan-focused buyout strategy, Carlyle said.

The fund will continue the strategy of investing mainly in upper middle-market opportunities in Japan, according to Carlyle.

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