Carlyle Group is reportedly planning a new fund targeting the defence sector as US and European governments ramp up military modernisation, according to a report by Bloomberg citing unnamed sources familiar with the matter.
The fund is being pitched to investors as a vehicle for “reindustrialisation,” aimed at expanding domestic manufacturing and industrial capacity. The firm, which has deep roots in defence investing, has not disclosed a target size or formally launched fundraising.
Carlyle has...
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