The Carlyle Group
The Carlyle Group
Private Equity Firm | The Carlyle Group
I was just in Washington, D.C. and stopped in the Carlyle Group’s building. The Capital is an interesting location for a private equity firm’s headquarters but it makes sense given that David Rubenstein.The Carlyle Group was ranked by Financial Week as the #1 private equity firm from their list of the top private equity firms. The Carlyle Group was founded by David Rubenstein and Stephen Norris in 1987 and has grown into the “World’s largest private equity firm,” according to PEI.
The History of the Carlyle Group
The Carlyle Group is one of the world’s largest private equity firms, with more than $89.3 billion under management. With 64 funds across four investment disciplines (buyouts, growth capital, real estate and leveraged finance), Carlyle combines global vision with local insight, relying on a top-flight team of 525+ investment professionals operating out of offices in 21 countries to uncover superior opportunities in North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America.While open to opportunities wherever they can be found, Carlyle focuses on sectors in which it has demonstrated expertise: aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services and telecommunications & media.In a world awash with information, insight is often in short supply. Carlyle’s edge is its ability to leverage the local insight of its investment professionals, collaborating across the firms’ investment disciplines from deal sourcing and due diligence through portfolio company development. The result: a broader view of potential investment opportunities and deeper level of expertise, creating value for Carlyle portfolio companies that translates into superior returns for Carlyle investors.Carlyle’s team of investment professionals includes 203 M.B.A.s, 34 J.D.s and 11 Ph.D./M.D.s from many of the world’s most prestigious universities.Carlyle’s conservative investment philosophy and disciplined investment process has generated extraordinary returns for its investors. Since its founding in 1987, the firm has invested $49.4 billion in 836 transactions.More than 1,200 investors from 72 countries entrust Carlyle with their capital and their reputations. As one means of aligning its own interests with those of its Limited Partner investors, Carlyle has committed more than $3.6 billion of its own capital to its funds. (Source)
The Carlyle Group Resources and Articles
Story #1: The Carlyle Group said on Sunday that the U.S. private equity giant had bought a minority stake in Yashili to help the leading Chinese infant formula maker improve its research and production.
Washington-based Carlyle obtained a 17.3 percent stake in Yashili, headquartered in the southern Chinese province of Guangdong, according to an e-mailed statement from Carlyle, which disclosed no further financial details of the deal.
Carlyle’s deal came after rivals including Kohlberg Kravis Roberts & Co (KKR) [KKR.UL], Sequoia Capital and other funds invested more than $1 billion combined in China’s domestic dairy industry, which was badly hit by a food safety scandal last year.
Source
Story #2: Debra Pedersen joined Carlyle Group as a managing director of global leveraged finance, said spokesman Christopher Ullman.
The position is new.
She will be responsible for investor relations and fundraising for the group that manages $13 billion in 22 U.S. leveraged finance, Europe finance and mezzanine funds.
Ms. Pedersen was a managing director at Plainfield Asset Management. She will not be replaced, according to a spokesman at Plainfield who declined to be identified. Source
Story #2: Carlyle Managing Directors Argue for Letting Private Equity Help Banks
For some time now, a debate has simmered about the role of private equity in recapitalizing our nation’s troubled banks. The FDIC weighed in earlier this month when it proposed new guidelines to govern private-equity investment in failed banks that have been taken over by the government. The guidelines — open for public comment as of last week — have focused the debate on one key question: Do banks with substantial private-equity investment pose unique financial risks and require special safeguards?
We strongly believe that private- equity investment in the banking industry has saved — and will continue to save — taxpayer money and strengthen the banking system through the injection of new capital. Unfortunately, some of the specific measures in the FDIC’s proposal would deter new capital from entering the system, dramatically elevate costs for the FDIC, and ultimately increase the risk that the taxpayers will face yet another large bill for the system’s failures.
Three specific measures in the guidelines would apply exceptional rules to private investors seeking to invest new capital in failed banks. (Read More…)
Story #2: Frm. Congressman Huffington Sues Carlye Over Fund’s Collapse
Former Republican Congressman Michael Huffington has filed a lawsuit against Carlyle Group alleging the private-equity firm misrepresented the safety of Carlyle Capital Corp, the publicly traded mortgage-securities fund that collapsed last spring, the Wall Street Journal reported.
Huffington lost his entire $20 million investment in the fund, the paper said. The lawsuit, filed Monday in Massachusetts state court, claims Carlyle [CYL.UL] deceived Huffington into thinking that the fund was “conservative” and “low risk,” the WSJ said.
It said Huffington also named David Rubenstein, Carlyle’s co-founder responsible for fund-raising at the firm, in the lawsuit. Carlyle has about $85 billion under management.
Read lawsuit
Story #3: Carlyle Group cuts 10% of staff
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