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Carlyle holds €3.3bn first close for Europe fund

Buyout firm plans to tap the pool to help fund the acquisition of Akzo Nobel's specialty chemicals business

Carlyle holds €3.3bn first close for Europe fund

Carlyle Group has collected more than $4bn (€3.3bn) for its latest European buyout fund, FN's sister publication Private Equity Newsreports.

The firm held a first close for Carlyle Europe Partners V at over $4bn "just last week", joint chief executive officer Glenn Youngkin said on Tuesday after the firm reported its results for the first quarter. He added that the firm expects to gather more money for the fund, without giving a timeframe.

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