The fund raised about $950 million in Q2 and expects a close by the end of 2024.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
The firm's $3.1 billion in Q3 secondaries inflows were driven primarily by its tenth private equity and ninth real estate secondary funds.
Industry Ventures Secondary XI, which remains in the market, received a $150 million commitment from the South Carolina Retirement System in July.
The fund's 2023-vintage predecessor closed with $212 million in capital commitments, according to SecondaryLink Data.
The firm is looking to match the size of its predecessor, which closed in 2023 with $22 billion in capital commitments.
The India-focused vehicle has a target size of $75 million and will allocate capital across primaries, secondaries, and co-investments.
SecondaryLink outlines the MOIC and IRR for several Carlyle-managed secondaries funds and SMAs.
The firm's secondaries business topped the $100 billion AUM milestone during the first quarter.
SecondaryLink outlines the MOIC and IRR for several Carlyle-managed secondaries funds and SMAs.
