Carlyle and Its Employees and Advisors Commit $1 Billion to the Fund
WASHINGTON--(BUSINESS WIRE)--
Global alternative asset manager The
Carlyle Group (NASDAQ:CG) today announced the final close of Carlyle
Partners VI, a $13 billion fund that invests in U.S. corporate buyouts
and strategic minority investments across six industries. Two hundred
sixty-nine investors from 43 countries committed capital to the fund.
The team began fundraising in late 2011 with a $10 billion target.
Allan Holt, Managing Director and Co-head of the U.S. Buyout Group,
said, "We are grateful for the support of our fund investors, many of
whom are repeat investors. Institutional and individual investors across
the globe understand the value of having a proven buyout fund in their
portfolio. We will take good care of their money as we work to invest
wisely and create value."
Peter Clare, Managing Director and Co-head of the U.S. Buyout Group,
said, "Our deep and experienced industry investment teams continue to
identify attractive investment opportunities. Combining that industry
knowledge with Carlyle's 27 Operating Executives and global network
creates a powerful platform for value creation for our fund investors.
Growth drives most of our value creation and we have built the
capabilities necessary to find and accelerate real growth."
Carlyle's previous U.S. buyout fund, the $13.7 billionCarlyle Partners
V, closed at the end of 2008. Notable investments in that fund include
Axalta Coating Systems, formerly DuPont Performance Coatings; Beats
Electronics LLC; Booz Allen Hamilton Inc.; and Pharmaceutical Product
Development Inc. (PPD).
Demonstrating alignment with fund investors and confidence in the team,
Carlyle, its senior professionals, operating executives, other
professionals and advisors committed $1 billion in capital alongside
Carlyle Partners VI fund investors, who committed $12 billion.
The U.S. Buyout Group is part of Carlyle's Corporate Private Equity
segment, the oldest and largest of the firm's four business segments,
with Assets Under Management of $62 billion as of September 30, 2013.
Corporate Private Equity, with 262 investment professionals, operates 14
fund families worldwide with more than 150 portfolio companies as of
September 30, 2013. The U.S. Buyout Group specializes in six industry
sectors: Aerospace, Defense & Government Services; Consumer & Retail;
Healthcare; Industrial & Transportation; Telecommunications & Media; and
Technology.
About The Carlyle Group
The Carlyle Group (NASDAQ:CG) is a global alternative asset manager with
$185 billion of assets under management across 122 funds and 81 fund of
funds vehicles as of September 30, 2013. Carlyle's purpose is to invest
wisely and create value on behalf of its investors, many of whom are
public pensions. Carlyle invests across four segments — Corporate
Private Equity, Real Assets, Global Market Strategies and Solutions — in
Africa, Asia, Australia, Europe, the Middle East, North America and
South America. Carlyle has expertise in various industries, including:
aerospace, defense & government services, consumer & retail, energy,
financial services, healthcare, industrial, technology & business
services, telecommunications & media and transportation. The Carlyle
Group employs more than 1,450 people in 34 offices across six continents.
Web: www.carlyle.com
Videos:
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www.twitter.com/onecarlyle
Podcasts:
www.carlyle.com/about-carlyle/market-commentary/481
The Carlyle Group
Elizabeth Gill, +1-202-729-5385
Elizabeth.gill@carlyle.com
Source: The Carlyle Group
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