Carlyle Group

The Carlyle Group is a Washington, D.C. based global private equity investment firm with more than $30 billion of equity capital in 2005. This large pool of money belongs to just 800 individuals from all over the world, making an average contribution of approximately $37.5 million. The firm employs more than 300 investment professionals in 14 countries with multiple offices in North America, Europe and Asia. It boasts of having on its staff, 138 MBAs, 24 JDs and 14 Ph.D/MDs from many of the world?s most prestigious universities. The firm operates four fund families, focusing on leveraged buyouts, venture capital, real estate and high-yield investments.

Origin

Carlyle was founded in 1987 by Stephen L. Norris William E. Conway, Jr., Daniel A. D'Aniello, and David M. Rubenstein. Only Norris has since left the Group, at the behest (some say demand) of the other founders. The three remaining founders are reported to collectively own around a 50% interest in the group's general partnership. CalPERS, the California Public Employees Retirement System, is the only institution which owns a stake in the partnership. They own 5.5 percent of Carlyle. The founders named the firm after the upper east side hotel in New York City, "The Carlyle," where they first met to discuss the idea. Carlyle's current chairman is Lou Gerstner, former chairman and CEO of IBM.

Related Topics:
1987 - Stephen L. Norris - William E. Conway, Jr. - Daniel A. D'Aniello - David M. Rubenstein - CalPERS - New York City - Lou Gerstner - IBM

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