Carlyle Said to Plan Defense Fund as Governments Hike Spending
A soldier stands guard near the US Navy Arleigh Burke-class guided-missile destroyer USS Gridley docked at the Amador cruise terminal in Panama City on March 29.
Photographer: Martin Bernetti/AFP/Getty ImagesCarlyle Group Inc. plans to launch a fund focused on the defense sector amid growing demand by governments to upgrade their military forces, according to people with knowledge of the matter.
The Washington, DC-based firm has reached out to investors to discuss the fund, pitching it as a way to invest in so-called reindustrialization, the people said, who asked not to be identified discussing confidential information. This entails expanding the US’s industrial base and manufacturing.