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Wed 23 Sep 2015 10:14 AM

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Abu Dhabi-backed fund raises $992m to invest in Japan

Carlyle Group, part-owned by the Mubadala Development Company is focused on investing in Japanese SMEs

Abu Dhabi-backed fund raises $992m to invest in Japan

The Carlyle Group, the US private equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, has raised 119.5 billion yen ($992 million) for its third fund dedicated to investments in Japan.

Carlyle said it has already used money from the new fund, Carlyle Japan Partners III, to invest in several firms including Oyatsu Company Ltd, which makes noodle snacks sold under the "Baby Star" brand. Carlyle's investments in Japan are now focused on small and medium sized companies.

Carlyle Group was founded in 1987. Abu Dhabi wealth fund Mubadala bought its 7.5 percent stake the company in 2007.

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