The Carlyle Group Closes Carlyle Partners VI at $13 Billion
November 25 2013 - 7:00AM
Business Wire
Carlyle and Its Employees and Advisors
Commit $1 Billion to the Fund
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 billion Carlyle
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.comVideos: www.youtube.com/onecarlyleTweets:
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www.carlyle.com/about-carlyle/market-commentary/481
The Carlyle GroupElizabeth Gill,
+1-202-729-5385Elizabeth.gill@carlyle.com
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