Tuesday, June 3, 2008

Carlyle Group Raised $3.4 billion for Castles


The Carlyle Group set another record, this time for the largest private equity fund focused on European real estate. The Guardian reported Carlyle hoped to raise 1.5 billion euros but the firm catapulted the target with a 2.2 billion haul. This affords the private equity underwriter (PEU) some 9 billion euros, including debt, for takeovers. That's alot of real estate.

Britain and Spain are enticing targets due to blistering real estate corrections. It seems hot oil isn't the defense it used to be. At least most Europeans burned by the market have access to healthcare. Why that happens to be another strategic investment area for Carlyle as it aims to be a one stop government shop! But that's another story...