US PE biggies raising more money to invest in Asia!

VC Circle says:

It seems US sub-prime crisis is turning out to be a boon rather than a bane for fundamentally stronger markets in Asia. A host of private equity biggies - like Carlyle and JPMorgan - are now training their investment flows towards high growth markets in Asia - like China and India. According to a Bloomberg report, Carlyle Group, the world’s second-biggest private-equity firm, plans to raise as much as $4 billion to invest in Asian companies. Click to read the full article at VC Cicrle US Private Equity Biggies To Raise More Money For Investing In Asia