Community organisers cited the secondaries firm's 2019 investment in Pretium Partners, whose portfolio company HavenBrook is facing scrutiny.
The preferred equity specialist is on track to nearly double its AUM with the latest flagship vehicle.
The firm's outlook and performance were outlined in documents obtained from the Minnesota State Board of Investment.
The lower mid-market firm was targeting $150m for an overage fund to take advantage of opportunities brought about covid-19.
The fund targeted at non-institutional investors can invest in the full range of secondaries deals and on a primary and direct basis.
The secondaries giant's deployment fell 65% during the pandemic despite closing the largest secondaries capital pool on record.
The funds will complement the GP stakes business, which co-president Michael Rees called 'one of the most underpenetrated spaces in all of alternatives'.
The supply of GP-led deals should continue to outstrip demand as more sponsors try to keep their best assets for longer, according to chief executive Mario Giannini.
The Carlyle unit has deployed $1.4bn of its latest ASP VII programme, which closed on $10.2bn in December.
The news comes as the firm eyes the target of its latest secondaries fund seeking $3.5bn.
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