The Carlyle Group related stories
All articles and analysis
Credit Suisse strengthens funds groupEighteen individuals have joined the bank's ‘asset management institutional distribution team’ – which includes private equity fund placement and will be led from Europe by Remy Kawkabani – at a time when the value of placement agents is being called into question by some of the industry’s most influential players.
- Carlyle consortium exits SmartTrust
Buyout group Carlyle has, along with GE Equity and Eqvitec Partners, sold its majority interest in a Swedish mobile phone technology company to a German trade buyer.
- Carlyle in $145m Chinese education exit
The Wall Street Institute, a global English school network purchased by Carlyle and Citi Private Equity in 2005, has sold its Chinese subsidiary to education conglomerate Pearson. The unit is projecting annual sales of $70m this year.
- Private equity-backed Cobalt signs Angolan JV
Cobalt, which is backed by Riverstone, Goldman Sachs and First Reserve, has tied up with Sonangol, the national oil company of Angola, to let the oil and gas exploration firm access Africa's third largest oil producing nation.
- TPG tops list of 300 largest firms
According to the PEI 300, Private Equity International magazine’s proprietary ranking of the world’s largest private equity firms, the firm led by David Bonderman has raised more capital for private equity direct investment than any other firm over the past five years.
- New York state pension bans all placement agents
The state’s comptroller, Thomas DiNapoli, has banned the use of placement agents in investments with the $122bn pension, and has launched a review of pension investments with firms involved in the New York Common kick-back scandal. The Carlyle Group has agreed to stop using placement agents in connection with public pension funds.
- Carlyle's Korea head resigns
John Il Kwun has left the global private equity firm reportedly to set up his own fund targeting $1bn.
- New Mexico suspends Aldus for alleged links to NY scandal
The $11.5bn New Mexico State Investment Council has temporarily suspended Aldus as it reviews its advisory work and is investigating whether any of its other consultants or GPs have links with third-party marketing firms. SIC has already discovered that Carlyle and Quadrangle used a company affiliated with the New York Common scandal to secure money from the state oil and gas endowment.
- New York City comptroller investigates Quadrangle
William Thompson, the comptroller for New York City, is investigating whether Quadrangle Group ‘intentionally misled or deceived’ city pensions by withholding payments of finder’s fees to a company controlled by Henry Morris, who has been indicted in New York State’s $122bn pension kick-back scandal.
- LaSalle named global PERE firm of year
LaSalle Investment Management has been voted global firm of the year in the 2008 Global PERE Awards. Colony’s Richard Saltzman takes North American industry figure of the year, while Citi Property Investors win European firm of the year. MGPA take a raft of awards for their Asia operations.