To submit a business proposal to The Carlyle Group, please do the following:

1. Review the investment guidelines below.
2. Mail or fax an executive summary to only one address if your proposal meets the criteria.
3. Indicate, if relevant, in the subject line the industry your proposal falls within.
4. Wait for a Carlyle official to respond to your proposal.

Buyout:
U.S. Buyout: Please submit business proposals to the Carlyle Washington, D.C. office.

Industry Focus: aerospace & defense, automotive, consumer & industrial, healthcare, technology & business services, telecom & media, and transportation.

• Strong, established management teams
• Leading market share franchises or control of a defined market niche
• Predictable cash flow
• Market Capitalization greater than $50 million
• Revenues greater than $50 million

Europe Buyout: Please submit business proposals to the Carlyle London office.

Industry Focus: aerospace & defense, automotive, consumer & industrial, healthcare, technology & business services, telecom & media, and transportation.

• Strong, established management teams
• Leading market share franchises or control of a defined market niche
• Predictable cash flow
• A need for equity investment greater than €50 million

Asia Buyout: Please submit business proposals to the Carlyle Seoul office.

Industry Focus: consumer products & retail, financial services, manufacturing, and telecom & media.

• Strong, established management teams
• Leading market share franchises or control of a defined market niche
• Predictable cash flow
• Market Capitalization greater than $50 million
• Revenues greater than $50 million

Japan Buyout: Please submit business proposals to the Carlyle Tokyo office.

Industry Focus: consumer goods, corporate outsourcing services, financial services, healthcare, manufacturing, and telecommunications & IT services.

• Strong, established management teams
• Leading market share franchises
• Predictable cash flow
• Significant value-add opportunity
• Revenues greater than ¥10 billion

Venture & Growth Capital:
U.S. Venture & Growth Capital: Please submit business proposals to the Carlyle San Francisco office.

Industry Focus: application and infrastructure software for enterprises, government, and education; business services and outsourcing; healthcare devices and services; IT & Internet infrastructure, including storage systems and software semiconductors; physical and data security; and software and services.

• U.S. domiciled private companies
• Strong, established management teams
• Focus on technologies offering price / performance advantage in very large markets
• Focus on technologies sold to enterprises and government
• Usually the lead investor
• Prefer substantial investment opportunities, minimum of $4 million initial investment

Europe Technology: Please submit business proposals to the Carlyle London office.

Industry Focus: aerospace & defense, automotive, consumer & industrial, healthcare, technology & business services, telecom & media, and transportation.

• Europe domiciled private companies
• Strong, established management team
• Demonstrate a sustainable competitive advantage
• Potential to grow the business by two to five times over five years, depending on stage of development

Asia Growth Capital: Please submit business proposals to the Carlyle Hong Kong office.

Industry Focus: business process outsourcing and software services, display technologies, semiconductors, wireless/digital component design & manufacturing.

• Strong, established management team
• Robust business case with existing revenues and clear market traction
• Ability to scale the business to significant size
• A clear and sustainable competitive advantage
• Need growth capital to expand sales and distribution locally and internationally, build out senior management, support working capital, buy equipment, and complete acquisitions. (The Asia venture team may also invest in a select number of early stage companies where capital is required to complete research and development and begin production.)

Real Estate:
U.S. Real Estate: Please submit business proposal to the Carlyle Washington, D.C. office.

• Primary Markets: New York, Washington, DC, Boston, Chicago, San Francisco and Los Angeles
• Property Focus: offices in central business districts, hotel, industrial and retail

Europe Real Estate: Please submit business proposals to the Carlyle London office.

• Single asset acquisitions ranging from €10-60 million of capitalization
• Sale and lease back opportunities with corporations
• Primary Markets: France, Germany and Italy
• Secondary Markets: Austria, Belgium, the Czech Republic, Denmark, Finland, Hungary, Ireland, the Netherlands, Poland, Portugal, Spain, Sweden, Switzerland and the U.K.
• Property Focus: office, logistics centers and retail

Asia Real Estate: Please submit business proposals to the Carlyle Hong Kong office.

• Primary Markets: Korea, Japan and India
• Property Focus: office, residential, retail, industrial and hospitality

U.S. Leveraged Finance: Please submit business proposals to the Carlyle New York office.

Industry Focus: aerospace & defense, consumer products, healthcare, industrial, telecom, media, transportation and technology

• The U.S. Leveraged Finance team’s investment approach begins by identifying securities that meet certain quantitative characteristics such as liquidity minimums (at least $150 million), companies with at least $1 billion in revenue and $100 million in EBITDA.
• The U.S. Leveraged Finance team focuses on industries in which The Carlyle Group has extensive expertise. Management is willing to rotate industry and sector weights as the top-down views of the senior managers dictate.
• Utilizing its proprietary credit risk rating and VaR scoring system, the team actively manages its portfolio. Exposure is diversified across comparable risk investments to diversify default and recovery risk.
• Building par in the cash flow deals is a priority and is done incrementally by purchasing securities management believes to be higher quality.
• Individual positions are usually maintained at two percent per issuer, with a possible maximum of five percent. Industry exposure is limited to a maximum of 15 percent, which has not been reached in any of the eight funds to date.

Energy: Please submit business proposals to the Riverstone Holdings New York office.

Industry Focus: midstream technology, oil field services, and oil and natural gas exploration and production sectors

• Equity investment size of $25-$150 million per transaction
• Global scope with focus on North America
• Proven management teams and businesses
• Fee-based business, limited commodity price risk and clear performance improvement and expansion opportunity
• Outright control, significant board representation