The Carlyle Group Issues 2009 Annual Report; $5.2 Billion of Equity Deployed; $15.6 Billion of Equity Capital Raised

Washington, DC – Global alternative asset manager The Carlyle Group today released its 2009 annual report, a 58-page document available to the public on Carlyle’s website at www.carlyle.com.

David M. Rubenstein, Carlyle Co-founder and Managing Director, said, “We are pleased to provide to our investors and the public our tenth consecutive annual report. In it, we explore the four attributes – financial strength, product diversity, sector expertise and geographic reach – that together form the backbone of our global firm and enabled Carlyle to make it through the Great Recession in very good shape. Demonstrative of the product and geographic diversity that Carlyle has achieved, we will now refer to our business as Global Alternative Asset Management.”

Mr. Rubenstein continued, “In 2008 and early 2009, we witnessed a tectonic shift in the way private equity operates – deals were fewer and smaller; equity was up and debt down; fundraising was difficult; distributions were minimal; and full exits were scant. But in the latter half of 2009, fear gave way to cautious optimism, allowing us to deploy $5.2 billion in equity around the world. With an unrelenting emphasis on capital preservation, we worked with our 260 portfolio companies to ensure virtually all survived the downturn. The Great Recession put Carlyle to the test. We are humbled and grateful to be able to say that we passed that test in service to our investors.”

Highlights:

• 860 professionals in 19 countries manage $88.6 billion in 67 funds across three asset classes (private equity, real estate and credit alternatives)
• Carlyle deployed $5.2 billion in equity in 2009 on six continents across buyouts, real estate, growth capital and distressed
• The firm has $33.5 billion in equity capital (dry powder) ready to deploy
• Fifteen investment case studies, including: Moncler Group (Italian luxury apparel company); Bank United (Florida bank); Pattern (a wind energy producer); Yashili (Chinese infant formula company); 666 Fifth Avenue (retail real estate in New York City); Project Service (public private partnership in Connecticut); and CVC (Brazilian tourism company)
• Carlyle’s commitment to Corporate Responsibility including its partnerships with the Environmental Defense Fund, Junior Achievement and the Robert Toigo Foundation
• $3.8 billion of employee money committed to Carlyle funds
• Despite the challenges in the fundraising markets, Carlyle conducted final closes on nine funds, raising a total of $15.6 billion in capital from January 2009 through March 2010:

* Carlyle Asia Partners III, L.P. at $2.55 billion
* Carlyle Asia Growth Partners IV, L.P. at $1.04 billion
* Carlyle Asia Real Estate Partners II, L.P. at $485 million
* Carlyle Global Financial Services Partners, L.P. at $1.1 billion
* Carlyle MENA Partners, L.P. at $500 million
* Carlyle Mezzanine Partners II, L.P. at $553 million
* Riverstone/Carlyle Global Energy and Power Fund IV, L.P. at $6.0 billion
* Riverstone/Carlyle Renewable and Alternative Energy Fund II, L.P. at $3.4 billion
* and a small global credit fund

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