Carlyle Europe Technology Partners IV’s €1.35 Billion Fundraising

Simpson Thacher represented The Carlyle Group in connection with the formation of Carlyle Europe Technology Partners IV (“CETP IV”), a €1.35 billion fund that will invest in lower middle market technology-focused companies in Europe and the U.S.

Beginning the capital raise in October 2018, the fund received substantial limited partner interest, enabling Carlyle to nearly double the size of its prior fund and hit its hard cap. Investors across the world committed capital to CETP IV, including sovereign wealth funds, public and corporate pensions, insurance companies, fund of funds, foundations, family offices and high net worth individuals.

Carlyle Europe Technology Partners (CETP) is a pan-European growth & small-cap buyout fund predominantly investing in technology, media and telecoms companies.

The Simpson Thacher team included Barrie Covit (Picture), David Greene, Audrey Stern, Deborah Gruen, Mark Ma, and Kamron Cox (Private Funds); John Creed, Jodi Schneider and Morgan Otway (Tax); and Jeanne Annarumma (ERISA).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Barrie Covit – Simpson Thacher & Bartlett; Kamron Cox – Simpson Thacher & Bartlett; John Creed – Simpson Thacher & Bartlett; David Greene – Simpson Thacher & Bartlett; Deborah Gruen – Simpson Thacher & Bartlett; Ke Ma – Simpson Thacher & Bartlett; Morgan Otway – Simpson Thacher & Bartlett; Jodi Schneider – Simpson Thacher & Bartlett; Audrey Stern – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Carlyle Group;

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Author: Ambrogio Visconti