Carlyle Plots $4 Billion-Plus to Unlock Cash from PE Stakes

Carlyle Group Inc. is readying a new fund to give cash-strapped investors a way to unlock money from their private equity investments, less than a year after raising more than $4 billion for such financing plays.

The idea is to deploy creative financial techniques to speed up the flow of money from fund managers’ and investors’ illiquid positions. Its Carlyle AlpInvest unit is seeking to raise another $4 billion-plus, and some executives are expecting to raise as much as $5 billion, said people familiar with the matter.

Harvey Schwartz

Photographer: Kent Nishimura/Bloomberg

That would include money for the new portfolio finance fund, as well ...