Global alternative asset manager The Carlyle Group has reached a final close on Carlyle Asia Partners IV (CAP IV) with US$3.9 billion in capital commitments, exceeding its target of US$3.5 billion. CAP IV intends to make control and significant minority investments in companies across the Asia ex-Japan region. CAP IV completed its first investment in May in ADT Korea, a South Korea-based security services company, and in August, the fund invested in Ganji.com, a China-based operator of online and mobile-based classifieds.