US private equity firm Carlyle Group raised a total of US$1.79 billion through the sale of part of its stake in China Pacific Insurance (601601.SH, 2601.HK), the Wall Street Journal reported, citing people familiar with the deal. Carlyle sold 415.2 million shares, representing 17.9% of China Pacific’s Hong Kong-listed shares, at HK$33.45 (US$4.30) per share, in its second share sale in two weeks. The price was at the top of Carlyle’s placement range. The sale reduced Carlyle’s stake in China Pacific’s H-shares from 47.87% to around 30%. Buyers included Fairholme Capital Management and Allianz (AZ.NYSE, ALV.FWB).