In brief: Carlyle likes the climate in Asia-Pacific

Managing director and Asia chairman Xiang-Dong Yang said the firm is looking at climate-related investments in China and South Korea.

Carlyle is relatively bullish when it comes to private equity investing in China, and climate-related investments are of particular interest, said managing director and Asia chairman Xiang-Dong Yang.

Speaking to affiliate title Private Equity International (registration or subscription required), Yang described a market in which uncertainty over covid policy and the regulatory environment had reduced competition for deals and the possibility of opportunistic investments.

Yang identified climate-related assets as one likely focus of Carlyle’s attention in China, and Asia-Pacific more broadly. “We’re spending more time looking at that,” he said. “The Chinese government has a very strong commitment to climate and we have been actually looking at that sector. Korea is another place where some of the companies have globally leading climate technologies, so we are also looking there.”