The Carlyle Global Financial Services Buyout team invests in management buyouts, growth capital opportunities and strategic minority investments in financial services.

Carlyle Global Financial Services Partners

Launched in 2008 at $1.1 billion, this fund invests in management buyouts, growth capital opportunities and strategic minority investments in financial services.

Investment Industry Acquired Status
Avalon Advisors, LLC

Avalon Advisors, LLC is a fee-based wealth advisor and asset manager based in Houston, Texas.

Financial Services Current
Bank of N.T. Butterfield & Son Ltd.

The Bank of N.T. Butterfield & Son Limited (“Butterfield”) is Bermuda’s first and largest independent bank, and a specialist provider of international financial services.

Financial Services Current

BankUnited is one of the largest depository institutions headquartered in Florida by assets.

Financial Services Exited
Boston Private Financial Holdings, Inc.

Boston Private Financial Holdings Inc. is a Boston-based holding company of private banks, asset managers and wealth advisors, which share a focus on the growing U.S. high net worth population.

Financial Services Exited
Brand Group Holdings

Brand is the 4th largest bank headquartered in the Atlanta MSA with a focus on the faster growing, higher income northern metro Atlanta area and operates 7 branches in the northern Atlanta corridor.

Financial Services Current
Central Pacific Financial Corp.

Central Pacific Financial Corp. is the fourth-largest Hawaii-based depository institution with 34 branches and 120 ATMs throughout the islands.

Financial Services Exited
CommunityOne Bancorp

CommunityOne Bancorp is a full service community bank headquartered in Asheboro, North Carolina.

Financial Services Current
Duff & Phelps Corporation

Duff & Phelps is the premier global valuation and corporate finance advisor with expertise in complex valuation, dispute consulting, M&A and restructuring. The firm’s more than 1,000 employees serve a diverse range of clients from offices in North America, Europe and Asia.

Financial Services Current
Edgewood Partners Holdings, LLC

Retail property & casualty and employee benefits insurance brokerage and consulting firm.

Financial Services Current
Ozforex Pty Limited

OzForex Pty Limited facilitates the electronic transfer of funds for businesses and individuals who need to transfer funds from one currency to another.

Financial Services Exited
Sandler O’Neill Partners Holdings, LLC

Founded in 1988, Sandler O’Neill Partners Holdings, LLC, is a leading boutique investment bank focused on the financial services sector.

Financial Services Current
TCW Group, Inc., The

The TCW Group, Inc. develops and manages a broad range of innovative, value-added investment products.

Financial Services Current
UniRush, LLC

UniRush, LLC is an independent prepaid debit card provider.

Financial Services Current
Xenith Bankshares, Inc.

A bank holding company that was formed in 2001, Hampton Roads Bankshares, Inc. is formed by its primary subsidiaries, Bank of Hampton Roads, which opened for business in 1987, and Shore Bank, which opened in 1961. Bank of Hampton Roads and Shore Bank engage in general community and commercial banking business, targeting the needs of individuals and small to medium-sized businesses.

Financial Services Current
Carlyle Global Financial Services Partners II

Formed in 2011, this fund invests in management buyouts, growth capital opportunities and strategic minority investments in financial services firms globally.

Investment Industry Acquired Status
Athena Art Finance Corp.

Athena Art Finance Corp. is a specialty lender focused on lending against art collateral.

Financial Services Current
Barbon Insurance Group

Barbon is the UK’s leading provider of integrated tenant referencing and insurance solutions to the Private Rental Sector (PRS) which is the growth sector in the UK housing market.

Financial Services Current
Conifer Financial Services, LLC

Conifer Financial Services, LLC  is a third-party fund administrator and capital market services provider.

Financial Services

DBRS operates as a credit rating agency that provides credit rating opinions focusing on insight and transparency across a range of financial institutions, corporate entities, government bodies, and various structured finance product groups in North America, Europe, Australasia, and South America.

Financial Services
Edgewood Partners Holdings, LLC

Retail property & casualty and employee benefits insurance brokerage and consulting firm.

Financial Services Current
ION Investment Group Limited

Leading provider of software solutions for fixed income trading, treasury, and commodity management

Technology & Business Services Current
JenCap Insurance Solutions Financial Services Current
PIB Limited

Insurance broker

Financial Services Current

Carlyle relies on its industry expertise, extensive footprint and management know-how to identify investment opportunities. Collectively, the Global Financial Services Buyout team has more than 100 years of experience across all sectors of the financial services industry, providing strong historical knowledge, working relationships with key financial services players and deep expertise to guide our investment choices.

Currently, the U.S. financial services sector is experiencing a sharp downturn, which began in the summer of 2007. Industry valuations generally reflect this stress, having declined 20-80% across various sub-sectors since summer 2007 with multiple sub-sectors trading at discounts to book value. Based on past cycles and considering the unique characteristics of the current crisis, Carlyle believes that many financial services firms will need to raise equity capital to shore up their balance sheets and restore confidence in the marketplace. Given the scope and scale of the current distress, Carlyle believes that even established companies with proven business models and brands are likely to seek fresh capital at depressed prices.

The Global Financial Services Buyout team’s approach to investing comprises the following major principles.

  • Industry Specialization: Since its inception, Carlyle has adopted an industry-focused approach to investing. We believe in-depth knowledge of specific industries improves our ability to source and create deals, conduct effective due diligence, develop strong relationships with management teams and identify potential buyers as part of a coherent exit strategy.
  • Consistent and Disciplined: A consistent and disciplined investment philosophy produces the highest consistent returns. We seek to make sound investments in good companies with strong management teams and structure our transactions with appropriate amounts of debt.
  • Influence and Strategic Partnering: We draw on existing relationships as well as forging new ones to bring the most value to the investment – be it during the due diligence phase or in advising portfolio companies in ongoing operations.
  • The Carlyle Edge: We pursue investments only if we believe we have an edge over our competition in the form of deep industry knowledge, extensive expertise, positive relationships with management teams, the ability to move quickly to commit to transactions, and/or the opportunity to participate in strategic joint ventures with corporate partners.
Team Member Title Location Industry
William H. Allen Principal New York, NY Financial Services
Andrew Braithwaite Senior Associate New York, NY Financial Services
James F. Burr Managing Director Charlotte, NC Financial Services
Christopher V. Dodds Operating Executive Financial Services
Jitij Dwivedi Vice President New York, NY Financial Services
John Redett Managing Director New York, NY Financial Services
P. Olivier Sarkozy Senior Advisor Financial Services
Michael Savage Associate Director London, UK Financial Services
Brian Schreiber Managing Director New York, NY
Christine Swingler Associate New York, NY