Carlyle Targets $200B Through 2028; Greenbriar Raises $5.4B

Carlyle Group outlined a multiyear fundraising target of more than $200B in inflows through 2028 following a $54B fundraising haul in 2025. The firm expects $90B of that total to come from global credit, $60B from Carlyle AlpInvest and $50B from global private equity, with $40B tied to evergreen solutions aimed at the wealth channel.

GP fundraising momentum continued elsewhere, with Greenbriar Equity Group closing its largest fund to date at $5.4B for Fund VII, above a $4.25B target; Ascend Capital Partners closing Fund II above target at $791M; and InfraVia raising €8B for European Fund VI, above its initial €5B to €7B range.

Separately, private credit managers are reassessing software exposure as public market weakness and AI-related repricing pressure portfolios, with Blue Owl halting redemptions in one fund and firms including Partners Group and Ardian tightening underwriting. Others have pushed back on broader crisis comparisons, with Brookfield’s Bruce Flatt dismissing systemic concerns and Carlyle’s Harvey Schwartz characterizing the strain as primarily an equity valuation reset that could migrate up the capital stack rather than a repeat of past credit dislocations.

LP activity remained steady across asset classes. SERS of Ohio approved commitments totaling up to $217.6M, including $75M each to Tree Line Direct Lending IV and Carmel Partners Fund IX, alongside allocations to Demopolis Equity Fund I, Blackstone SPE VIII Corebridge Co-invest, and an IFM Green data center co-investment. Mississippi PERS committed $75M apiece to Blue Owl Real Estate Fund VII and Crow Holdings Diversified Value-Add Fund XI through its value-add real estate search. Meanwhile, Dahab Associates launched a $17.5M private equity fund-of-funds search for two Connecticut pension clients.

Read on for all the day’s fundraising news headlines.

Have you ever stared at a blank report builder wondering “how do I even start this query?” — meet Dakota Joe.

Dakota Joe is your AI report builder inside Dakota Marketplace (he’s hiding behind the Joe button on your home page). Just click, type what you need in plain English, and let Joe do the heavy lifting. No filters. No guesswork. Just answers.

Ask things like:

Interested in learning more?

JANE TO INSERT REPORT SUMMARY HERE