Carlyle Asia Growth Partners V (IFC-39168)

  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 10, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Caryle Asia Growth Partners V L.P.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 1, 2018

Disclosed by Bank Mar 9, 2017

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Project Description

According to IFC website, the proposed project consists of an equity investment of up to US$25-30 million in the Carlyle Asia Growth Partners V, L.P., a 10-year closed end generalist private equity fund domiciled in the Cayman Islands and managed by an affiliate of The Carlyle Group. The Fund targets small buyout and late-stage growth capital investments primarily in China and India and opportunistically in South Korea. The Fund is targeting US$1 billion in commitments. The Fund is expected to make 15 to 20 investments with ticket sizes ranging between US$30million to US$75 million.

Investment Description
Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description

Carlyle is a global alternative investment fund manager with approximately US$158 billion in assets under management (“AUM”) across 113 active funds and 168 fund of funds vehicles as of December 31, 2016. In Emerging Markets, Carlyle manages 7 private equity fund families with total AUM of US$11 billion as of December 31, 2016.

Contact Information

The Carlyle Group
Mark J. Christopher
Managing Director
+1 202 729 5626

1001 Pennsylvania Avenue NW
Washington DC 20004-2505
United States


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