The Carlyle Group Names Dele Babade as Advisor to Sub-Saharan Africa Team

London, UK/Johannesburg, South Africa, March 14, 2017 – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Dele Babade has been retained as an Advisor to Carlyle’s Sub-Saharan African Fund (CSSAF), effective immediately.

A seasoned investor with close to 30 years’ experience working in financial markets, gained mostly in Africa, Mr. Babade brings a wealth of experience across a range of sectors on both the buy-side and sell-side.  Mr. Babade was previously CEO at Ecobank Capital and a member of Ecobank’s Group Executive Committee. He also held senior positions at Midland Montagu (now HSBC Investment Bank), Nomura International and Citigroup.

In his role, Mr. Babade will provide advice to Carlyle’s Sub-Saharan Africa team on investment opportunities and partnerships across the continent, as well as existing portfolio investments, to help Carlyle invest wisely and create value across a range of industries.  Mr. Babade will also continue to devote time to various roles outside the firm.

Eric Kump, Carlyle Managing Director and Co-Head of CSSAF said, “We are delighted that Dele has chosen to partner with us, as he brings a wealth of experience investing across Africa. Dele’s background perfectly complements that of our on-the-ground teams in Lagos and Johannesburg, and will help us continue to strengthen our business across the region as we look for new opportunities to create value for our investors.”

Mr. Babade said, “I am excited to assist the CSSAF team in identifying new investment and value creation opportunities. I look forward to leveraging my experience and network to help Carlyle’s experienced investment professionals.”

Mr. Babade earned his Bachelor of Laws from University of London, followed by a Masters in International Finance and Banking Laws from University College London. Mr. Babade was admitted as a Barrister & Solicitor of The Supreme Court of Nigeria, and Barrister of England & Wales.


Media Contact:
Catherine Armstrong
Tel: +44 (0) 207 894 1632
Email: catherine.armstrong@carlyle.com

About The Carlyle Group:
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $158 billion of assets under management across 281 investment vehicles as of December 31, 2016. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pension funds. 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 1,600 people in 35 offices across six continents.

Web: www.carlyle.com
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About the Carlyle Sub-Sahara Africa (SSA) Fund:
Established in 2012 the Carlyle Sub-Saharan Africa Fund, with $698 million of committed capital, has invested over $300 million to date across a variety of industries, including logistics, agribusiness, mining services, retail and financial services, and across a variety of geographies, including Nigeria, Mozambique, Zambia, Tanzania and South Africa. The fund makes buyout and growth capital investments in private and public companies from offices in Johannesburg, South Africa and Lagos, Nigeria.