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The Carlyle Group is a private investment firm which describes itself as "one of the world's largest global private equity investment firms" with more than $18 billion of equity capital. The firm employs more than 300 investment professionals in 14 countries with multiple offices in North America, Europe and Asia. The firm operates four fund families, focusing on leveraged buyouts, venture capital, real estate and high-yield investments.Carlyle was founded in 1987 by William E. Conway, Jr. , Daniel A. D’Aniello , and David M. Rubenstein . The industries the group currently specializes in are: Aerospace & Defense, Automotive, Consumer & Industrial, Energy & Power, Healthcare, Real Estate, Technology & Business Services, Telecom & Media, and Transportation.
The Group's aerospace and defense investments are a source of criticism since the Group is alleged to have connections to the Middle East, and detractors state that defense industries cannot remain profitable unless wars and threats of war continue to occur. Carlyle Group's investments are focused on East Asia, Europe, and North America and defense investments represent only about 7% of the group's portfolio.
Critics of The Carlyle Group also frequently note its political connections. The company is headquartered in Washington, DC. Notable people currently or formerly affiliated with the Carlyle Group include:
- James Baker III, former United States Secretary of State under George H. W. Bush, Staff member under Ronald Reagan and George W. Bush, Carlyle Senior Counselor
- George H. W. Bush, former U.S. President, Carlyle Senior Advisor to the Carlyle Asia Advisory Board,
- Frank C. Carlucci, former United States Secretary of Defense from 1987 to 19891989 is a common year starting on Sunday (click on link for calendar). Events January January 7 Akihito becomes Emperor of Japan following the death of Hirohito. The Heisei period begins January 8 the Kegworth Air Disaster A British Midland Boeing 737 cra, chairman emeritus and currently strategic business advisor
- Richard Darman , former Director of the U.S. Office of Management and Budget under George H. W. Bush, Senior Advisor and Managing Director of The Carlyle Group
- William Kennard , former chairman of the U.S. Federal Communications CommissionThe Federal Communications Commission (FCC) is an independent United States government agency, created, directed, and empowered by Congressional statute. The FCC was established by the Communications Act of 1934 as the successor to the Federal Radio Commi, Carlyle's Managing Director in the Telecommunications & Media Group
- Arthur LevittArthur Levitt Jr. 1931-) chairman of the SEC 1993-2001. Arthur Levitt pioneered in the construction of prefabricated homes by applying techniques he had used in providing ready-made housing for the military during the war to peacetime home construction., chairman of the United States Securities and Exchange CommissionSEC redirects here. For other uses, see SEC (disambiguation The Securities and Exchange Commission commonly referred to as the SEC is the United States governing body which has primary responsibility for overseeing the regulation of the securities industr (SEC) under President Bill ClintonWilliam Jefferson Clinton (born William Jefferson Blythe III on August 19, 1946) is a U. politician who served two terms as the 42nd President of the United States from 1993 to 2001. A moderate Democrat who was elected Governor of Arkansas five times, Cli, Carlyle Senior Advisor
- John MajorThe Right Honourable John Major CH is a British politician and was Prime Minister of the United Kingdom from 1990 to 1997, attaining that office when he succeeded Margaret Thatcher as Conservative Party leader. Early life Major was born March 29, 1943, th, former British Prime Minister, Chairman, Carlyle Europe until May 2004, and other posts to the present
- Mack McLarty, President of Kissinger McLarty Associates , Carlyle Senior Advisor
- Fidel Ramos, former president of the Philippines, Carlyle Asia Advisor Board Member until the board was disbanded in February 2004
- Caspar Weinberger, former Secretary of Defense
- Park Tae Joon , former prime minister of South Korea
- Colin Powell, United States Secretary of State
- Alice Albright , daughter of Madeleine Albright
- Karl Otto Pöhl , former president of the Bundesbank
George Soros is also a notable partner of the Group, investing $100 million.
The current chairman of The Carlyle Group is Louis V. Gerstner, Jr., former
CEO and chairman of the IBM Corporation.
The Saudi Arabian relatives of Osama bin Laden (not Osama bin Laden himself) were also minor investors in the Carlyle Group until October 2001 when the family sold its $2.02 million investment back to the firm in light of public controversy surrounding the family after the September 11, 2001 Terrorist Attack.
Carlyle Group was chosen as the most suitable investor in QinetiQ, which was created from the privatisation of most of the Defence Evaluation and Research Agency, a UK government agency.
See also: private equity, private military contractor
