The Carlyle Group Names Craig Farr Senior Advisor in Global Credit

Veteran Investor to Advise Carlyle’s Credit Businesses

New York, NY – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Craig J. Farr has been retained as a Senior Advisor consultant with the Global Credit group effective January 25, 2017.  Mr. Farr previously served as Global Head of Capital Markets and Credit at KKR.

As a Senior Advisor, Mr. Farr will help Carlyle in developing new strategic initiatives and partnerships across Carlyle’s credit platform, which includes loans and structured credit, private credit, energy credit and distressed credit. Mr. Farr will also continue to devote time to various roles outside of the firm.

Mark Jenkins, Carlyle Managing Director and Head of Global Credit, said, “We are excited to work with Craig, a deeply experienced business leader and credit investor, as we continue to build our business in this dynamic space. Craig’s wisdom and perspective will be helpful as we enhance our strong existing businesses and consider new opportunities to create value for our investors.”

Mr. Farr said, “I am excited to assist Mark in identifying new opportunities to expand Carlyle’s capabilities in global credit. I look forward to leveraging my experience and providing my perspective to Carlyle’s proven investment teams.”

Carlyle’s global credit platform resides within the Global Market Strategies segment, which had $34 billion in assets under management as of September 30, 2016, and has investment professionals in New York, Washington, DC, Los Angeles, Chicago, Hong Kong and London. Mr. Farr served as the Head of KKR Credit Advisors (US) LLC (KKR Asset Management, LLC) from 2013 to 2015 and served as a Member of KKR Asset Management, LLC. He joined KKR in 2006 and oversaw its capital markets and origination business, and drove the build-out of its structuring, capital markets advisory, distribution and credit origination resources. He served as the Chief Executive Officer and President of KKR Financial Holdings LLC from 2013 to 2014. He was previously with Citigroup, including 12 years at Citigroup Global Markets Holdings Inc. as Managing Director, Co-Head of North American Equity Capital Markets, and Head of U.S. Convertible and Corporate Equity Derivative Origination.

Mr. Farr began his career at Salomon Brothers in the investment banking division and has been a Director of Vanbridge Holdings LLC since 2016. Mr. Farr earned his Bachelor of Commerce from Queen's University in Kingston, Ontario, Canada.

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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $169 billion of assets under management across 125 funds and 177 fund of funds vehicles as of September 30, 2016. 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, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 35 offices across six continents.

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Media Contact:
Elizabeth Gill

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