The Carlyle Group
The Carlyle Group Inc. is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and private credit. It is one of the largest mega-funds in the world. In 2015, Carlyle was the world's largest private equity firm by capital raised over the previous five years, according to the PEI 300 index.[2] In the 2023 ranking however, it had slipped to fifth place.[3]
Company type
1987
- Harvey Schwartz (CEO)
- Daniel A. D'Aniello (chairman emeritus)
- William E. Conway Jr. (co-chairman)
- David Rubenstein (co-chairman)
US$2.96 billion (2023)
US$−601 million (2023)
US$−608 million (2023)
US$426 billion (2023)
US$21.2 billion (2023)
US$5.78 billion (2023)
c. 2,200 (2023)
Founded in 1987 in Washington, D.C., the company has nearly 2,200 employees in 28 offices on four continents as of December 2023. On May 3, 2012, Carlyle completed a US$700 million initial public offering and began trading on the NASDAQ stock exchange.
In documentaries[edit]
Carlyle has been profiled in Michael Moore's Fahrenheit 9/11 and William Karel's The World According to Bush.
In Fahrenheit 9/11, Moore makes nine allegations concerning the Carlyle Group.[91] Moore focused on Carlyle's connections with George H. W. Bush and his Secretary of State James Baker, both of whom had at times served as advisers to the firm. The movie quotes author Dan Briody, who claimed that the Carlyle Group "gained" from the September 11 attacks because it owned military contractor United Defense.[19] A Carlyle spokesman noted in 2003 that its 7% interest in defense industries was far less than several other private equity firms.[92]
In The World According to Bush, William Karel interviewed Frank Carlucci to discuss the presence of Shafiq bin Laden, Osama bin Laden's estranged brother, at Carlyle's annual investor conference while the September 11 attacks were occurring.[21][22][23]