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Carlyle closes third tech fund at €650m

Private equity firm closes well over an initial €500m target just days after securing a fourth exit from its second tech fund

Carlyle closes third tech fund at €650m

The Carlyle Group has closed its latest European technology fund above target at €656 million, just days after exiting an investment made from its second tech fund.

Half of the capital commitments to the latest vehicle come from investors in Carlyle's second European technology fund, which closed on €522 million in 2008. The majority of the fund's investors are based in Europe and the US, Carlyle said in a statement.

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