Alternative asset manager The Carlyle Group deployed USD5.2bn in equity in 2009 on six continents across buyouts, real estate, growth capital and distressed.
The firm has USD33.5bn in equity capital (dry powder) ready to deploy.
Despite the challenges in the fundraising markets, Carlyle conducted final closes on nine funds, raising a total of USD15.6bn in capital from January 2009 through March 2010.
David M. Rubenstein, Carlyle co-founder and managing director, says: “We are pleased to provide to our investors and the public our tenth consecutive annual report. In it, we explore the four attributes – financial strength, product diversity, sector expertise and geographic reach – that together form the backbone of our global firm and enabled Carlyle to make it through the Great Recession in very good shape. Demonstrative of the product and geographic diversity that Carlyle has achieved, we will now refer to our business as Global Alternative Asset Management.”
The nine funds having final closes were:
• Carlyle Asia Partners III at USD2.55bn
• Carlyle Asia Growth Partners IV at USD1.04bn
• Carlyle Asia Real Estate Partners II at USD485m
• Carlyle Global Financial Services Partners at USD1.1bn
• Carlyle MENA Partners at USD500m
• Carlyle Mezzanine Partners II at USD553m
• Riverstone/Carlyle Global Energy and Power Fund IV at USD6.0bn
• Riverstone/Carlyle Renewable and Alternative Energy Fund II at USD3.4bn
• A small global credit fund
