Annabelle Ju
Based in New York, Annabelle Ju covers North American institutional investors and fund regulation as the US Private Equity Reporter for Private Equity International and private funds management. She previously reported on market structure at Bloomberg and obtained her Master of Science degree from Medill School of Journalism at Northwestern University.
J. Ryan Clark has served as managing director of the firm since 2011.
The newly formed firm will focus on scalable, lower middle market companies in the healthcare, IT, professional services, manufacturing and agriculture sectors.
Carlyle will pay $8bn in cash from Fund VI.
The fund is focused on growth opportunities in the African and south Asian financial sectors.
Fund managers returned $153.5 billion to their LPs last year, beating the previous record set in 2013 by 14%.
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The pension plans’ PE portfolio returned 14.61 percent.
Kohlberg left KKR in 1987 to establish his own firm.
Fund VIII will follow its predecessor by focusing on growth in healthcare, TMT and business services.
The private equity firm earned $243.27 million in realised carried interest from private market investments in Q2 2015.
A spokesperson for the pension fund tells PEI that the debate about nondisclosure of carried interest payments is part of cyclical pressure on the private equity industry.