Infra
Carlyle Shelved Plans for Core Infrastructure Fund as Rates Rose
![Carlyle Shelved Plans for Core Infrastructure Fund as Rates Rose Carlyle Shelved Plans for Core Infrastructure Fund as Rates Rose](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ijnMgZ.sIa_8/v1/1200x778.jpg)
Carlyle Group Inc. scrapped plans to raise an open-ended fund dedicated to long-term infrastructure bets as interest rates climbed, according to people with knowledge of the matter.
The alternative asset manager had held discussions with investors about the planned vehicle two years ago and made an investment in Tillman Global Holdings’ Tillman Infrastructure that was intended to anchor the fund. But Carlyle abandoned those core infrastructure efforts after recognizing that an inflationary environment would prove challenging for the strategy, said one of the people, all of whom requested anonymity discussing confidential information.
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