Carlyle Group Inc. is reportedly launching a dedicated India side fund with a target of approximately $300 million. This new fund will invest across various sectors, including technology, healthcare, and financial services. It will operate alongside the firm's sixth pan-Asia investment vehicle, CAP VI. The International Finance Corporation has proposed an investment of up to $60 million in the fund.
The India side fund signifies Carlyle's continued interest and investment in the Indian market. In January 2023, Carlyle acquired a majority stake in VLCC, an Indian beauty and wellness solutions provider, for around $300 million.
India's beauty and personal care industry is projected to reach $27.5 billion by 2025, a significant increase from $17.8 billion in 2020, according to estimates by Avendus, an Indian financial services firm.
