CPG Carlyle PE Fund buys stake in Carlyle Asia fund

The closed-end fund targets high net worth investors and invests predominantly in funds sponsored by The Carlyle Group.

CPG Carlyle Private Equity Fund has acquired a stake in an Asian-focused Carlyle fund, CAP III AIV (Scot), from SC Capital Ltd, an Asian limited partner, according to a UK regulatory filing.

The fund already held a $278,000 stake in Carlyle Asia Partners III Coinvestment AIV (Scot), according to a Securities and Exchange Commission filing. It’s not clear whether that fund and CAP III AIV (Scot) are the same fund.

As a result of the transaction, SC Capital Ltd has ceased to be a limited partner in the CAP III AIV.

Terms of the deal weren’t available. The transfer took effect on 30 April.

CPG Carlyle Private Equity Fund was formed in 2012 as a closed-end fund targeting high net worth investors to invest predominantly in funds sponsored by The Carlyle Group. New York-based Central Park Group is the investment adviser for CPG Carlyle Private Equity, which makes co-investments, primary investments and secondary investments in funds sponsored by the group and its affiliates.

The new transaction comes on the heels of two other acquisitions of  Asian funds. CPG Carlyle Private Equity Fund picked up a $5 million stake in Carlyle Asia Growth Partners III in the first quarter, as previously reported by Secondaries Investor. It also increased its exposure to Carlyle Asia Growth Partners IV in the first quarter.

Carlyle declined to comment. CPG and SC Capital weren’t immediately available to comment.