The Carlyle Group Promotes 15 Professionals to Senior Positions

Washington, DC – Global private equity firm The Carlyle Group announced today that it has promoted 15 professionals to senior positions, five to Managing Director and 10 to Principal/Director. The individuals work in Carlyle’s offices around the globe conducting buyout, venture, real estate and leveraged finance transactions, as well as legal, fundraising and communications activities.

Professionals promoted to Managing Director from Director/Principal are: Matthew Boyer, Jeffrey Ferguson, Ian Fujiyama, Ryan Schwarz and Kazuhiro Yamada. The new Principal/Directors promoted from Vice President/Associate Director are: Jay Bu, Allen Cashion, JP Gan, Vladmir Lasocki, James McGee, Georg Nolting-Hauff, Guido Funes Nova, Steve Rosengarten, Chris Ullman and Alex Ying. (Principals and Directors are the same level in Carlyle parlance; Principal is the title used in the U.S. and Director is the title used in Europe and Asia.)

Daniel A. D’Aniello, Carlyle Co-founder and Managing Director, said, “Carlyle’s success is the result of talented people working hard, working smart and working as a team. I am pleased to congratulate these 15 individuals for their commitment to excellence and for helping Carlyle have its best year ever.”

New Managing Directors:

Matthew P. Boyer focuses on U.S. buyout transactions in the telecommunications sector with an emphasis on the wireline and wireless industries and is based in New York. He has been integrally involved in the execution of Carlyle’s investments in Dex Media and Verizon Hawaii. Prior to joining Carlyle, Mr. Boyer was Senior Vice President at Lehman Brothers and one of the founding members of the Lehman Brothers Communications Fund, an $800 million private equity fund focused on early stage investments in communications companies. Prior to that, he was an investment banker at Lehman Brothers in the Communications and Media Group where he focused on wireless and emerging wireline communications companies. Before joining Lehman Brothers, Mr. Boyer was an Associate in the Media and Telecommunications Group at Chase Securities. Mr. Boyer received an M.B.A. and an M.I.A. from Columbia University and a B.A. in political science from Duke University.

Jeffrey W. Ferguson is the General Counsel for The Carlyle Group and is based in Washington, DC. Prior to joining Carlyle, Mr. Ferguson was an Associate with the law firm of Latham & Watkins. Mr. Ferguson graduated from the University of Virginia, where he was a member of Phi Beta Kappa. He received his law degree also from the University of Virginia, and is admitted to the bars of the District of Columbia and Virginia.

Ian Fujiyama focuses on U.S. buyout investments in the consumer and retail sectors and is based in Washington, DC. Mr. Fujiyama joined Carlyle in 1997 and has been instrumental in Carlyle’s investments in United Components, Inc., KorAm Bank, Boto International Holdings, Communications and Power, Inc., EG&G Technical Services, Inc. and Lear Siegler Services. Beginning in 1999, Mr. Fujiyama spent two years in Hong Kong and Seoul working as a founding member of Carlyle’s Asia buyout fund, Carlyle Asia Partners. Upon returning to the United States in 2001, Mr. Fujiyama served as a founding member of Carlyle’s global automotive effort and most recently as a founding member of Carlyle’s consumer and retail group. Prior to joining Carlyle, Mr. Fujiyama was an Associate at Donaldson Lufkin and Jenrette Securities Corp. While at DLJ, he worked in the Corporate Finance Group with a focus on high yield and merchant banking transactions. Mr. Fujiyama received his B.S. in economics, summa cum laude, from the Wharton School at the University of Pennsylvania with a concentration in finance. Mr. Fujiyama currently serves as a member of the Board of Directors of United Components, Inc.

Ryan M. Schwarz focuses on U.S. venture opportunities in the healthcare sector and is based in Washington, DC. Mr. Schwarz leads the healthcare investing practice in the U.S. venture fund, with a particular focus on medical devices and healthcare information technology. He has sponsored a number of Carlyle’s most significant healthcare venture investments, including Liposonix, Transport Pharmaceuticals, Proteus Biomedical and recently-exited Heritage Health. Prior to joining Carlyle, Mr. Schwarz was a Vice President in the health care group at Robertson Stephens & Co., where he specialized in healthcare information technology and medical devices. Mr. Schwarz received his J.D., magna cum laude, from Harvard Law School and his M.B.A. with Distinction from Harvard Business School. He also received his A.B., magna cum laude from Duke University where he was elected Phi Beta Kappa and was an Angier B. Duke Scholar. Mr. Schwarz is on the Board of Directors of AcuFocus, Inc., ConnectiCare Holdings, Inc., Endius, Inc., Fairchild Imaging, Inc., Liposonix, Inc., NeoVista, Inc., Primary Health, Inc., Proteus Biomedical, Inc. and Transport Pharmaceuticals, Inc.

Kazuhiro Yamada focuses on Japanese buyout opportunities in the automotive, corporate outsourcing services and industrial sectors and is based in Tokyo. He has been integrally involved in the sourcing and execution of Asahi Security, Kito and Rhythm. Prior to joining Carlyle, Mr. Yamada was a Senior Vice President of Daiwa Securities SB Capital Markets Co. Ltd (Daiwa SBCM) where he engaged in cross-border M&Amp;Amp;A deals along with Lazard Freres. Prior to that, he worked in investment banking for five years and commercial banking for 10 years at Sumitomo Bank. Mr. Yamada received a B.S. from the Doshisha University in Kyoto. Mr. Yamada sits on the Board of Directors of Asahi Security, Kito and Rhythm.

New Principals/Directors:

Jay Bu focuses on Asia buyout opportunities with a particular focus in the telecommunications & media sectors and is based in Seoul. Mr. Bu has been instrumental in Carlyle’s investments in KorAm Bank and DDI Pocket. Prior to joining Carlyle, Mr. Bu was an Associate at Salomon Smith Barney, where he worked in the corporate finance division focusing on M&Amp;Amp;A. Previously, he was with UBS Warburg and Arthur D. Little. Mr. Bu graduated with a degree in economics and mathematics from the University of Pennsylvania.

Allen L. Cashion focuses on U.S. real estate opportunities on the West coast and is based in Newport Beach. He joined Carlyle in 1998 and has played a key role in the acquisition, management and disposition of more than six million square feet of the firm’s commercial real estate portfolio throughout the West. Other notable projects Mr. Cashion has been involved with are 180 Montgomery, Central Research Park, 1401 Shoreline, College Park, Dexter Horton, US Bank, The West Coast Portfolio, Gateway Towers, 2800 North Central and Plaza Pacifica, whose combined capitalization with other projects in the Western U.S. exceeds $1 billion. Prior to joining Carlyle, Mr. Cashion was a Vice President at Lennar Partners, and was involved in the company’s Southern California office and retail development projects. Mr. Cashion received his B.S. from the University of Southern California, Los Angeles.

Guido Funes Nova focuses on European buyout opportunities and is based in Milan. He has been involved in the execution of Carlyle’s investments in Riello and Avio, as well as in the sale of Tecnoforge. Mr. Funes Nova also served on the Board of Directors of Tecnoforge. Prior to joining Carlyle, Mr. Funes Nova was an Analyst at Salomon Smith Barney in London in the M&Amp;Amp;A and European Financial Entrepreneurs group. Mr. Funes Nova graduated cum laude from Bocconi University in Milan, Italy, and attended part of his studies at the University of Michigan’s School of Business.

JP Gan focuses on Asian venture opportunities in the technology and consumer sectors and is based in Hong Kong. He joined Carlyle in May 2000 and has made significant contributions to the growth and success of Carlyle Asia Venture Partners, notably to investments in Ctrip.com and ATL. Prior to joining Carlyle, Mr. Gan was an investment banker at Merrill Lynch. Mr. Gan also worked at Salomon Smith Barney in investment banking and Price Waterhouse as a Senior Consultant. Mr. Gan received his M.B.A. from the University of Chicago Graduate School of Business and his B.B.A. from the University of Iowa. He is also a CPA in the state of Illinois. Mr. Gan is on the Board of Directors of Ctrip.com (NASDAQ: CTRP), ATL, Huaya Microelectronics, AsiaEC.com and Odysys.

Vladimir Lasocki focuses on European opportunities in the telecommunications and technology sectors and is based in London. Mr. Lasocki represents Carlyle on the Boards of Orthogon Systems Ltd. and Solsoft S.A. and has represented the firm on the Boards of Egencia S.A. (acquired by IAC/InterActiveCorp) and PacketLight Networks Ltd. Prior to joining Carlyle, Mr. Lasocki was an Associate with Deutsche Bank’s principal investments group where he was involved in the bank’s investments in Airspan Networks Inc. (NASDAQ:AIRN), Cocom A/S (acquired by Cisco Systems), Orchestream Ltd. (LSE:OCH), Transmeta Corporation (NASDAQ:TMTA) and Xacct Technologies, Inc. (acquired by Amdocs). Prior to joining Deutsche Bank, Mr. Lasocki was with the corporate finance group of Banque Paribas in Paris, London and Prague. A French national, Mr. Lasocki holds a degree in business administration with a major in finance earned at EM Lyon and the Université Libre de Bruxelles and an M.A. in European economic studies from the College of Europe in Bruges.

James McGee raises capital for Carlyle funds from North American institutional and high net worth investors and is based in New York. Prior to joining Carlyle, Mr. McGee was with Newcastle Partners where he established and maintained relationships with institutional and high net worth investors while representing this hedge fund. Previously, Mr. McGee worked with J.P. Morgan’s Private Fund Group, Powered and Capital Institutional Services. Mr. McGee received his B.A. and M.B.A. from Southern Methodist University.

Georg Nolting-Hauff focuses on European buyout opportunities in the industrial sector and is based in Munich. Prior to joining Carlyle, Dr. Nolting-Hauff worked for Procter & Gamble Europe. Dr. Nolting-Hauff joined Carlyle in January 2000 and played a significant role in the acquisition of HT Troplast AG and a recently exited transaction. He holds a degree in business administration, a degree in mechanical engineering and a doctorate in business administration from the University of Dortmund.

Steve Rosengarten focuses on European buyout opportunities in the telecommunications and industrial sectors and is based in London. Mr. Rosengarten is a board member of Casema N.V., the third largest cable operator in the Netherlands and represents Carlyle on the board of Bredbandsbolaget AB, Sweden’s largest non-incumbent broadband provider. Prior to joining Carlyle, Mr. Rosengarten was a member of the Media Team at Lazard Freres in New York. Prior to that, he practiced M&Amp;Amp;A and securities law at Chadbourne & Parke as an attorney in New York. Mr. Rosengarten received his LL.M. at Harvard Law School and his LL.B. at the London School of Economics and Political Science. Mr. Rosengarten will relocate to Carlyle’s Paris office in March 2005.

Christopher W. Ullman develops and implements Carlyle’s global communications activities and is based in Washington, DC. Prior to joining Carlyle in 2001, Mr. Ullman was Associate Director for Communications at the U.S. Office of Management and Budget. Prior to that, he served as Public Affairs Director and spokesman for the U.S. Securities and Exchange Commission under Chairman Arthur Levitt, now Senior Advisor to Carlyle. Mr. Ullman earned his B.A. in political science from the State University of New York at Binghamton.

Alex S. Ying focuses on Asian buyout opportunities and is based in Hong Kong. Mr. Ying joined Carlyle Asia in 2001 and has been instrumental in Carlyle’s investment in Caribbean Investment Holdings. Prior to joining Carlyle Asia, Mr. Ying was a member of Carlyle’s U.S. Real Estate Group, where he was integrally involved in the execution of more than $1 billion of acquisitions. Prior to joining Carlyle, Mr. Ying was an investment banker with CIBC Oppenheimer, where he focused on a variety of industries, including telecom and healthcare. Prior to that, Mr. Ying worked in both the Acquisition and Asset Management groups of Colony Capital, a global real estate private equity firm. Mr. Ying received his M.B.A. from the Anderson School at the University of California, Los Angeles and his B.S. from the University of California, Los Angeles. He also holds a master’s degree in real estate development from the University of Southern California. Mr. Ying is a member of the Board of Directors of Caribbean Investment Holdings.

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