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The fundraise comes around one year after the pan-Europe specialist raised almost €3bn for its ninth flagship strategy.

The firm is understood to have hired an executive recruitment company to find professionals to build its business.

The PE heavyweight’s GP platform, which aims to back the next-generation of diverse managers, will provide both seed capital and working capital of more than a year to its GPs.

Private equity funds focused on the region were targeting $121bn as of mid-January, roughly 50% more than those targeting Europe.

The appointment comes as the sports-focused firm seeks to raise more than $1.5bn for its debut fund.

After a surprisingly strong fundraising market in 2020, industry participants expect the momentum to continue in 2021.

Carlyle Group’s global head of investor relations Nathan Urquhart spoke to Private Equity International about its plan to raise at least $130bn in fresh capital in the next four years.

The $197bn private credit and private equity giant follows TPG and Brookfield in looking to gain exposure to the rapidly growing secondaries market.

The report urges fiduciaries to encourage more transparency from the industry and measure performance based on a public markets equivalent.

Capital raising for its latest vehicle follows a restructuring at the firm in which its private equity, private credit and small loans businesses will operate as separate entities.