Global alternative asset manager The Carlyle Group has fully exited its investment in China Pacific Insurance (CPIC) through a share sale on the Hong Kong Stock Exchange. Carlyle sold 2.2 percent of CPIC’s total shares for approximately US$796 million, bringing its total earnings to over US$5 billion after six incremental exits. CPIC received US$740 million in funding from Carlyle over two rounds in 2005 and 2007.