23 May 2024

PE firm Carlyle has raised $2.8 billion for its largest Japanese buyout fund to date

The fund has seen strong demand from both domestic and global investors and is nearly 70% larger than the previous one, reflecting increased global investor interest in Japan due to the cheap yen, a dynamic public market and policy efforts to improve corporate governance that make Japanese equities and assets more attractive.


Carlyle has been active in Japan since 2000 and has made more than 40 investments in the country. The firm announced this week that it plans to take KFC Holdings Japan private through a 95 billion yen takeover bid.

Carlyle is one of the world's largest and most diversified global investment firms, managing $425 billion in assets across three business segments and 562 investment vehicles. In the Czech Republic, for example, it has already acquired the startup Phrase (formerly known as Memsource), which specializes in developing a cloud-based platform to streamline and improve language translation. In addition, in 2022, it acquired a majority stake in Brno-based Tescan Orsay, a company known for manufacturing electron microscopes, and last year it bought Meopta, a manufacturer of optical, opto-mechanical and opto-electronic solutions.