PEI: American based Carlyle Group raising record amount of funds in Asia for USA & Europe buy-out

David M. Rubenstein, Co-Founder and Managing D...

David M. Rubenstein, Co-Founder and Managing Director, Carlyle Group, USA, captured during the session ‘Myths and Realities of Private Equity’ at the Annual Meeting 2008 of the World Economic Forum in Davos, Switzerland, January 26, 2008. (Photo credit: Wikipedia)

The American based Carlyle Group is raising record capital from Asia and the Middle East due to “large sovereign wealth funds” increasing commitments outside the region, co-chief executive officer David Rubenstein said on a recent earnings conference call. “We are raising more money from emerging markets than we have ever raised before,” Rubenstein said. “In fact, we are doubling the amount of money we’re raising from the emerging markets probably for our US buyout funds.” We are seeing a real pickup in the money that we’re raising from the emerging markets, particularly Asia and the Middle East, and I don’t think that will abate anytime soon even if the emerging market growth rates should go down a bit. Carlyle’s overall fundraising pace is the “strongest it has been since 2008”, he said. The firm raised a total of $6.9 billion during the second quarter and $19.7 billion during the past 12 months. No data on Asia capital commitments was disclosed. “We are seeing a real pickup in the money that we’re raising from the emerging markets, particularly Asia and the Middle East, and I don’t think that will abate anytime soon even if the emerging market growth rates should go down a bit.” “My point is that a lot of the emerging market countries are investing money not necessarily in their emerging markets. They’re investing money outside.” The Carlyle Group is an American-based global asset management firm, specializing in private equity, based in Washington, D.C.The Carlyle Group operates in four business areas: private equityreal assetsmarket strategies, and fund of funds, through itsAlpInvest subsidiary. Carlyle’s private equity business has been one of the largest investors in leveraged buyout transactions over the last decade, while itsreal estate business has actively acquired commercial real estate. Since its inception, Carlyle has completed investments in such notable companies as Booz Allen HamiltonDex MediaDunkin’ BrandsFreescale SemiconductorGetty ImagesHCR Manor Care,HertzKinder MorganNielsen, and United Defense. As of December 31, 2012, Carlyle had $170 billion in assets under management across 113 funds and 67 fund of fund vehicles. The firm has more than 1,400 employees including 650 investment professionals, with offices in 33 countries globally. Carlyle has investments in over 200 companies and more than 250 real estate investments. Carlyle’s portfolio companies employ more than 650,000 people worldwide. The firm has over 1,500 limited partners in 75 countries.[1] Carlyle is also noted for its association with influential political figures.(Source)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s