The Carlyle Group Appoints Wanlin Liu as Managing Director

13-Year PE Veteran to Lead Growth Investments in China

Shanghai, China, January 17, 2018  – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Wanlin Liu has joined the Carlyle Asia private equity team as a Managing Director and will lead the team’s growth investments in China. She is based in Shanghai.

Prior to joining Carlyle, Ms. Liu was a Managing Director of the Principal Investment Area (PIA) of Goldman Sachs in Asia. With 13 years of experience in private equity, she has led key aspects of a number of successful deals, including Gan & Lee Pharmaceuticals, Best Inc. and Daesung Industrial Gases.

Mr. X.D. Yang, Managing Director and Chairman of Carlyle Asia, said, “Wanlin has deep experience in private equity and she will be a strong addition to our China team. We believe there are significant and exciting growth investment opportunities in China and across the region. With Wanlin joining us, we will continue to build on our leadership position investing in the growth space.”

Ms. Liu said, “I am pleased to join Carlyle and am impressed by the strong private equity platform that Carlyle has built in Asia over the last two decades. I look forward to contributing to the team and working with one of the most experienced firms in the industry.”

Ms. Liu is a native Chinese and a graduate of Grinnell College.

Carlyle established a presence in Asia in 1998 and now has nine offices in the region. From 1998 through September 30, 2017, Carlyle has invested more than US$14.7 billion of equity, and currently has US$11.6 billion of assets under management in its Asian private equity platform.

Carlyle has invested more than US$7.5 billion of equity in over 90 transactions in China as of September 30, 2017.


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About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $174 billion of assets under management across 306 investment vehicles as of September 30, 2017. 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 Investment 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 & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.

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