Carlyle Group Targeting $300 Million for India Side Fund

Carlyle Group Inc. is launching an India side fund to operate along the firm’s sixth pan-Asia investment vehicle, to tap opportunities in everything from tech to health care.

The private equity fund focused on the South Asian country is targeting about $300 million and the International Finance Corporation has proposed an investment of as much as $60 million, according to a Nov. 20 disclosure.

Carlyle’s India fund will invest in financial services, advanced manufacturing, consumer, media and retail, technology and business services, and health care, according to the disclosure. It will operate alongside Carlyle’s CAP VI, the firm’s latest regional ...