The Carlyle Group related stories
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Former Morley chief to advise PermiraKeith Jones is now a senior advisor for Permira’s financial services team, which is led by James Fraser and will increasingly look to target wealth management assets in play.
- Onex slashes commitment to its own fund by $500m
The Toronto Stock Exchange-traded alternative asset manager has reduced the final target for its buyout fund to $4bn from $4.5bn, but can increase its commitment in the future.
- Carlyle appoints director for European distress
Ian Jackson has been hired as a director for The Carlyle Group's distressed and corporate opportunities arm. He will be 'deployed' to help invest the firm's latest distress fund, Carlyle Strategic Partners II, which closed on $1.35bn in April 2008.
- Accused of collusion
Christopher Witkowsky explains why 14 private equity firms may have to defend themselves in a Massachusetts court.
- Sun Capital to cut about 10% of its workforce
The Florida-based firm joins several other high-profile private equity firms that have cut back on staff to control costs amid recession.
- Carlyle closes fifth US buyout fund on $13.7bn
The US private equity firm has closed its latest mega-fund, Carlyle V, below its original $15bn target owing to the economic climate. The fund consists of primarily returning investors and is 30% committed.
- Barclays Capital appoints private equity banking head in Japan
The investment banking wing of Barclays Bank has also hired a director for its financial sponsors group. Both hires were formerly from Lehman Brothers.
- US auto bailout to aid buyout firms
Many private equity firms have exposure to the US auto sector that was teetering on the edge of collapse. The US government's multi-billion efforts to prop up the big three US auto makers will accordingly affect many portfolios, not just Cerberus'.
- AXA opens Vienna office
The Paris-headquartered private equity firm has opened two new locations this year on the heels of closing its €1.6bn Fund IV.
- Carlyle sells vehicle parts maker to General Dynamics
The US-based mega-buyout firm has exited AxleTech International at a time when the US auto industry is struggling for survival. It purchased the company from Wynnchurch Capital in 2005.