Carlyle raises more than $3 billion to invest in European tech

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Reuters UK

By Emma-Victoria Farr FRANKFURT (Reuters) – U.S. buyout firm Carlyle Group has raised more than three billion euros ($3.12 billion) for a pan-European technology fund that is taking advantage of “pockets of life” in the economy, the co-heads of Carlyle Europe Technology Partners told Reuters. Focused on lower mid-market and growth technology companies across Europe, the fund, called CETP V, has exceeded its 2.5 billion euro target in less than a year of fundraising, more than doubling the size of the previous fund CETP IV. With an average investment horizon of five years, it is targeting areas…

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