Carlyle Group (CG) plans to launch a fund targeting the defense sector, Bloomberg reported Monday, citing people familiar with the matter.
The company has begun early discussions with investors, positioning the fund as a way to invest in the expansion of the US industrial and manufacturing base, the report said.
Carlyle has not formally started marketing the fund and has not set a target size, the report said.
Carlyle did not immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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