Carlyle, Fosun Tie the Private Equity Knot

(Caixin Online) Married life begins with plenty of romance but forces starry-eyed newlyweds to eventually confront the nitty-gritty challenges of everyday living.

In a similar way, a joint venture between two private equity firms can be a lot like marriage. And that's exactly the parallel drawn by executives at a recent signing ceremony for a comprehensive strategic cooperation agreement between U.S.-based private equity fund Carlyle Group and Chinese institutional investor Fosun Group.