Author: Jane Edwards|| Date Published: July 31, 2018
The Carlyle Group (Nasdaq: CG) has raised $18.5 billion for its latest fund that invests in U.S. companies in defense and government services and aerospace industries.
The private equity firm said Monday the amount of capital raised for the Carlyle Partners VII fund surpassed the $15 billion target, reflecting a 42 percent increase over the previous fund.
The $18.5 billion fund, which attracted over 320 investors across 57 countries, also makes strategic investments in health care; technology, media and telecommunications; industrial and transportation; and consumer and retail sectors.
Frank Finelli
Frank Finelli, a 2015 Wash100 winner, serves as a managing director at Carlyle and oversees its investments across the defense, aerospace, security technology and services sectors.
Finelli is also a member of the 74-person U.S. buyout team that operates as part of the firm’s private equity business segment that manages approximately $81 billion in assets.
Textron plans to separate its industrial segment from its aerospace and defense businesses. The Providence, Rhode Island-headquartered firm said Thursday…
OSIbeyond has introduced a compliance-as-a-service, or CaaS, offering designed to help defense contractors secure and maintain Cybersecurity Maturity Model Certification.…
Raytheon, an RTX business, has received a $206.2 million contract from the U.S. Navy to integrate advanced Global Positioning System capabilities into…
The Carlyle Group (Nasdaq: CG) has raised $18.5 billion for its latest fund that invests in U.S. companies in defense and government services and aerospace industries.
