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Carlyle unveils £2.6bn to pump into European technology firms

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City AM

By Millie Turner US asset manager Carlyle has rallied together over €3bn (£2.6bn) for a European fund to help grow mid-market technology firms in the continent. The fund, called Carlyle European Partners and headed by two former investment bankers, has exceeded its €2.5bn (£2.2bn) target in less than a year of fundraising, the buyout firm told Reuters. The pair are looking to capitalise on “pockets of life” in the European economy, targeting business-facing tech companies operating in cybersecurity, digital transformation and cleantech, three tech sectors with particularly attractive growth pr…

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