The Carlyle Group’s second European technology fund has just closed at €530m, exceeding its initial target of €500m. The fund, Carlyle Europe Technology Partners II, was founded in 2007 and invests in emerging technology companies in Europe. This is its first and final close.
The Carlyle Group has long displayed an interest in European tech firms, dating back to 2000 when they launched Carlyle Venture Partners and raised €553m for venture capital investments in emerging technology companies in Europe. CETP II follows upon the success of Carlyle Europe Technology Partners which was launched in 2005 and raised a total of €222m.
CETP II invests between €20m and €60m in small and mid-cap buyouts and expansion capital, focusing on technology companies operating in Carlyle’s core sectors of aerospace and defence, automotive and transportation, business services, consumer and retail, energy and power, financial services, healthcare, industrial, infrastructure and telecommunications and media.
The Carlyle Group now manages €15.4 billion in 17 dedicated European funds across corporate private equity, real estate and alternative investments.