<p>The Carlyle Group, a global alternative asset manager, is seeking to raise US$5 billion for its fifth Asia buyout fund, Carlyle Asia Partners V.</p>
<p>The buyout fund will reach its first close in October this year, according to media reports citing insiders. Carlyle's Asia Buyout Group looks at investment opportunities in a range of sectors, including financial services, media and telecommunications, manufacturing and consumer products, in Australia, Greater China, India, Korea and Southeast Asia.</p>