2018-049

The Carlyle Group Names Vikram Nirula as Managing Director

18-Year PE Veteran to Strengthen Investment Activity in India

Mumbai – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Vikram Nirula has joined the Carlyle Asia private equity team as a Managing Director. Based in Mumbai, Mr. Nirula will advise on Carlyle’s investment activities in India.

Greg Zeluck, Managing Director and Co-Head of the Carlyle Asia buyout team, said, “As one of our key strategic markets, India presents attractive investment opportunities, particularly in financial services, healthcare and consumer, amid robust economic growth and structural reforms. Vikram’s extensive on-the-ground experience in India’s PE industry and strong market insights well place him to bolster Carlyle’s continued growth and success in India. With Vikram onboard, Carlyle will deepen its connections to local Indian companies, helping us to support their ability to better excel in one of Asia’s fastest growing economies.”

Vikram said, “I am delighted to join Carlyle Asia at an exciting time for the whole region, and in particular, for India. Country-wide economic reforms, a burgeoning middle class and a fast growing private sector are driving India’s economy forward, prompting the development of numerous companies and presenting interesting growth and buyout opportunities. I look forward to working with Carlyle’s deep team and to leverage its extensive global expertise to identify these opportunities, and to partner and support Indian entrepreneurs and management teams in building world class businesses.”

Vikram joins Carlyle after 18 years with local Indian PE firm, True North Managers, which he helped found. While there, he was actively involved in various investments in diverse industries, including consumer companies, retail firms, financial services and industrials. He also took part in the firm’s organizational functions, as well. Prior to that, he spent five years at Arthur Andersen in their financial consulting and corporate finance practice. He graduated with a Bachelor’s Degree in Engineering (Computer Science) from Birla Institute of Technology in India and went on to earn a Postgraduate Diploma in Management from the Indian Institute of Management in Bangalore.

Carlyle has invested approximately US$1.9 billion of equity in India and is increasing its investment pace in recent years across a range of sectors, including financial services, healthcare, pharmaceuticals and consumer goods.

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About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $210 billion of assets under management across 335 investment vehicles as of June 30, 2018. 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 Credit 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 31 offices across six continents​.
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