LONDON (MarketWatch) -- The Carlyle Group (CAY.XX) is raising a $1 billion U.S.-focused infrastructure fund, people familiar with the matter told Dow Jones Newswires Thursday.

The Washington, D.C.-based group is the first buyout house to create a fund of this size focused on U.S. infrastructure, such as rail, airports, water assets, schools, hospitals and public-private partnership projects.

The fund reflects the strong demand from institutional investors, particularly pension funds, for assets that offer long-term, stable returns... Full Story...

Posted by rjorr at March 10, 2006 9:02 PM