Private equity and venture capital investor Carlyle Group, now headed by ex IBM Chairman Lou Gerstner, said it will double its US$150 million in China investments within the year and increase them to more than US$1 billion eventually as the mainland sells off more assets. Its three funds invested in Asia currently hold assets of US$1.1 billion in the region. Carlyle, which opened an office in Shanghai earlier this year, claims more than US$18 billion under management currently. The company said it will target real estate, buyout and VC opportunities.
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