The Carlyle Group Raises $10 Billion for United States and European Buyouts; Carlyle Now Manages More Than $25 Billion

Washington, DC – Global private equity firm The Carlyle Group announced today that it has raised $10 billion of equity capital to fund new buyout investments in the United States and Europe.

Buyout investments in the U.S. will be funded through Carlyle Partners IV, which has received $7.85 billion of commitments. Buyout investments in Europe will be funded through Carlyle Europe Partners II, which has received $2.2 billion of commitments. Carlyle also has buyout funds dedicated to Japan, Asia and the power and energy sector, which total nearly $2.5 billion. In total, Carlyle now has more than $25 billion in assets under management.

David M. Rubenstein, Co-founder and Managing Director of Carlyle, said, “We greatly appreciate the support given to our new buyout funds from existing and new investors from more than 50 countries. Unfortunately, we were unable to accept all of the capital commitments made by our investors. We accepted a level of capital that we could prudently invest over the next five years.”

Carlyle Partners IV will be invested by 52 investment professionals based in Washington, DC, New York and Charlotte and will be led by Managing Directors Allan M. Holt and Daniel F. Akerson. In Europe, Managing Director Jean-Pierre Millet heads a team of 35 investment professionals based in Paris, London, Munich, Milan and Barcelona, which provides investment advisory services to Carlyle Europe Partners II.

William E. Conway Jr., Carlyle Co-founder and Managing Director, will continue to Chair the Investment Committees for Carlyle Partners IV and Carlyle Europe Partners II. Daniel A. D’Aniello, Carlyle Co-founder and Managing Director, Louis V. Gerstner, Chairman of The Carlyle Group, and Mr. Rubenstein will serve on the Investment Committees of both funds.

Mr. Holt said, “There are attractive buyout opportunities throughout the United States in Carlyle’s areas of sector expertise. We have the experience and focus necessary to find, close, oversee and successfully exit these opportunities. Our investors have entrusted a significant sum of capital to us and we will invest that capital with requisite care and caution.”

Mr. Millet said, “Europe has been the most active buyout market in the world for the past few years, and we are confident that there will be continued strong activity and attractive opportunities for a fund with our areas of expertise and interest. We have already invested a significant amount of Carlyle Europe Partners II in five investments and the fund is performing well.”

Mr. Conway said, “Carlyle’s achievements over the past 18 years are due in large part to the strong support of our investors. We will do everything possible to continue to earn that support. We expect the next few years to be challenging and we will redouble our efforts to match our past success.”

Including these two buyout funds, Carlyle now manages more than $25 billion of equity capital through 28 separate funds. These funds are managed by nearly 300 investment professionals operating from 24 offices in 14 countries. In addition to the buyout funds dedicated to the U.S. and Europe, Carlyle manages Carlyle Japan Partners with $423 million and Carlyle Asia Partners with $750 million. Also, Carlyle and Riverstone Holdings co-manage Carlyle/Riverstone Global Energy and Power I & II with $1.3 billion combined.

Carlyle Partners IV is the successor fund to Carlyle Partners III, which launched in 2000 at $3.9 billion. Carlyle Europe Partners II is the successor fund to Carlyle Europe Partners, which launched in 1998 at €1 billion.

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