The asset manager will pursue yuan-denominated LP-led and GP-led transactions from a discretionary pool of client capital, according to Asia co-head Mingchen Xia.
The firm has also made headway with fundraising for its latest secondaries programme, according to vice-chairman Erik Hirsch.
The Carlyle unit joins four other secondaries firms seeking to raise more than $10bn for their latest programmes.
Buyers are increasingly splitting out their fund strategies as institutional investors seek specific risk/reward categories for secondaries.
The investment firm is managing $200m from HESTA in a fund of one to invest alongside impact and sustainable private equity managers.
The impact secondaries firm has hired a veteran of sustainable private equity investing in anticipation of 'a lot of selling activity' by institutional investors.
Private credit continues to be one of the most dynamic areas of private markets, with Jeremy Coller expecting the private credit secondaries to grow around threefold in the coming three years.
The goal is to back treasure assets that sponsors are trying to hold and grow, even when they run up against structural fund issues like tapping out reserve capital.
The investment firm's Japan office marks 'an initial step in the region', APAC head Jeff Pentland said, and could precede the opening of a third Asia-Pacific location.
As affiliate title Private Equity International celebrates its 21st anniversary this December, we look back at how far the secondaries market has come over the past two decades.