Carlyle Group to float 500 mln pound fund - report

Sun Feb 25, 2007 2:36 PM GMT

LONDON (Reuters) - Private equity firm Carlyle Group (CYL.UL: Quote, Profile , Research) plans to float a $1 billion (500 million pound) fund in Europe that invests in bank loans, mortgage portfolios and other fixed-income securities, The Sunday Telegraph said without citing sources.

The private equity group has already raised $500 million for the fund of Carlyle Capital Corporation through a private placing, most of which has been taken up by investors in other Carlyle funds, the newspaper said.

A further $500 million to $600 million would be raised through a stock market flotation scheduled for the second quarter of the year - with the listing being either in London or on Amsterdam's Euronext exchange.

No-one at Carlyle was immediately available to comment.

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