Founded in 1987, The Carlyle Group is a global alternative asset manager based in Washington, DC, with offices on six continents. Carlyle invests across four segments – Corporate Private Equity (buyout and growth capital), Real Assets (real estate, infrastructure and energy), Global Market Strategies (structured credit, mezzanine, distressed, hedge funds, and middle market debt) and Investment Solutions (funds that invest in private equity funds).
Carlyle is led by our three Co-founders: Daniel A. D’Aniello, who is Chairman of the Board, and William E. Conway, Jr. and David M. Rubenstein, who are Co-CEOs. President and Chief Operating Officer Glenn Youngkin, Chief Financial Officer Curt Buser and General Counsel Jeffrey Ferguson join the three Co-founders in the Executive Group. Advising the Executive Group is a 16-person Management Committee. Mr. Conway is also the firm’s Chief Investment Officer.
The Founders hoped to create an institution that would transcend them, so rather than using their last names, they chose to name the firm after the Carlyle Hotel in New York City, where some of the meetings were held as the firm was established.
From the late-1980s through the mid-1990s, several former senior government officials worked at Carlyle in various advisory and other capacities. Most have since retired from the firm. Today, Carlyle boasts a group of former C-level corporate executives, with an average of 40 years’ experience, who serve as Operating Executives. These executives assist our investment teams in analyzing industries, sourcing transactions, creating value, mentoring portfolio company management and generating returns for our investors.
Carlyle professionals have expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.
Carlyle has two sets of investors: those who commit capital to our funds (numbering more than 1,700 from 79 countries) and those who own units in The Carlyle Group L.P., our publicly traded limited partnership.
Our purpose is to invest wisely and create value on behalf of our fund investors, which include public and private pension funds, a range of institutions and high net worth individuals. Through our funds investors, millions of people around the world are beneficiaries of Carlyle’s investments.
A portion of the profits from our investments, known as carried interest, flow to our publicly traded partnership, which in turn is expected to distribute much of that revenue to our public unitholders in the form of distributions or dividends.
A core component of our firm culture is that our fund investors come first. We believe this philosophy is in the long-term best interests of both sets of investors. Simply put, if we serve our fund investors well, our unitholders will benefit.
Carlyle is a publicly traded partnership, which began trading on the NASDAQ market under the CG ticker symbol on May 3, 2012. Carlyle has three groups of owners: employees of Carlyle who are equity partners, strategic investors Mubadala Development Company and public unitholders.
The companies, real estate and other assets in which Carlyle invests are owned by the funds that made the investments. As of March 31, 2016, the Carlyle Group has investments in more than 275 companies and 256 real estate assets.
Ours is a culture of performance through collaboration. Carlyle professionals work together seamlessly and selflessly across funds, industries and geographies to deliver the wisdom, knowledge and resources required to invest wisely and create value for our investors. We call our collaborative spirit One Carlyle.
Carlyle is a high energy, service-oriented environment that rewards hard work, collaboration and innovation. Perhaps the greatest appeal of Carlyle is the palpable sense that you are helping to build a business. Our more than 1,650 colleagues, including more than 700 investment professionals, are the carriers of our One Carlyle culture. Many of those professionals share in the success of our value creation efforts through their compensation, and the vast majority of employees are unitholders. We also believe strongly in hiring locally in each of the countries in which we operate, as local knowledge and expertise are key to understanding a particular market.
We call our value creation model The Carlyle Edge. We use our One Carlyle global network, deep industry knowledge, Executive Operations Group and portfolio intelligence to create and execute a customized value creation plan for each of our corporate private equity and real asset investments. Click here to see our value creation case studies.
The private equity model of value creation has many virtues, but one foundational aspect is fundamental to this industry’s long-term success: alignment of interests.
The goal is to align the interests of fund investors, Carlyle professionals and portfolio company management so that we all rise or fall together. Since inception through March 31, 2016, Carlyle professionals, Operating Executives and other professionals have committed more than $7 billion of their own money alongside our fund investors. And the managers of the companies we invest in also commit personal capital to those investments. When an investment succeeds, all parties benefit. When an investment fails, all parties lose. This is a powerful motivator for Carlyle professionals and portfolio company management to work in tandem to create value for our investors.
Simply put, rather than swing for the fences with every investment, we strive for consistency, hitting singles, doubles, and triples with fewer strike-outs. We believe our 28-year track record demonstrates the wisdom and soundness of this approach.