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Though the funds’ equity-focused share class is up more than two percent in 2008, thereby beating the S&P 500 by nearly 14 percentage points, the funds launched in a challenging market and have not been able to achieve the critical mass of assets under management necessary to support a multi-strategy fund infrastructure.
Investors have been informed that the funds have begun to liquidate their portfolio in an orderly manner.
The Carlyle Group is a minority partner in CBW.
The Carlyle Group is one of the world's largest private equity firms, with more than $82.7 billion under management. With 60 funds across four investment disciplines (buyouts, venture & growth capital, real estate and leveraged finance), Carlyle combines global vision with local insight, relying on a top-flight team of 500 investment professionals operating out of offices in 21 countries to uncover superior opportunities in North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America.
While open to opportunities wherever they can be found, Carlyle focuses on sectors in which it has demonstrated expertise: aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services and telecommunications & media.
In a world awash with information, insight is often in short supply. Carlyle’s edge is its ability to leverage the local insight of its investment professionals, collaborating across the firms’ investment disciplines from deal sourcing and due diligence through portfolio company development. The result: a broader view of potential investment opportunities and deeper level of expertise, creating value for Carlyle portfolio companies that translates into superior returns for Carlyle investors.
Carlyle’s team of investment professionals includes 201 M.B.A.s, 34 J.D.s and 11 Ph.D./M.D.s from many of the world’s most prestigious universities.
Carlyle’s conservative investment philosophy and disciplined investment process has generated extraordinary returns for its investors. Since its founding in 1987, the firm has invested $43.0 billion in 774 transactions.
More than 1,200 investors from 71 countries entrust Carlyle with their capital and their reputations. As one means of aligning its own interests with those of its Limited Partner investors, Carlyle has committed more than $3.9 billion of its own capital to its funds.
Source: Reported by the Carlyle Group.
Posted July 31st, 2008 by Armen Hareyan
