Investors have granted Carlyle Group an extra year to do deals from its 2007 European fund, despite its performance failing to match previous highs – but it is not the only market player to have struggled with boom time funds.
The US alternatives fund manager secured an agreement from investors to extend the investment period for its Carlyle Europe Partners III fund until December next year. The fund, which raised €5.3bn at the height of the market in 2007, still has 20% to invest.
