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Carlyle Group is a global private equity investment firm, based in Washington, D.C., with more than $91.5 billion of
equity capital under management.
The firm employs more than 575 investment professionals in 21 countries with several offices in the Americas, Europe, Asia and Australia; its portfolio companies employ more than 415,000 people worldwide. Carlyle has over 1200 investors in 68 countries.
Carlyle was founded in 1987 by Stephen L. Norris and
David M. Rubenstein. As they wanted the firm to outlive them, Norris and Rubenstein named the firm after the Upper East Side area hotel in New York City, the Carlyle Hotel, where they first met to discuss the idea.
Though known for its expertise in aerospace and defense, Carlyle invested more than thirty percent of its assets in
telecommunications and media.
On June 28, 2007, Carlyle announced that it would partner with
Onex Corporation to buy the Allison Transmission unit from General Motors for $5.6 billion.
Documentaries
Carlyle has been profiled in two notable documentaries, Michael Moore's Fahrenheit 911 and William Karel's The World According to Bush.
In the documentary film Fahrenheit 911, Michael Moore makes nine allegations concerning the Carlyle Group, including: That the Bin Laden and Bush families were both connected to the Group; that following the attacks on September 11, the bin Laden family’s investments in the Carlyle Group became an embarrassment to the Carlyle Group and the family was forced to liquidate their assets with the firm; that the Carlyle group is, in essence, the 11th largest defense contractor in the United States. Moore focused on Carlyle's connections with George H. W. Bush and his Secretary of State James A. Baker III, both of whom had at times served as advisors to the firm.
A Carlyle spokesman noted in 2003 that its 7% interest in defense industries was far less than several other Private equity firms.Carlyle also has provided detail on its links with the Bin Laden family, specifically the relatively minor investments by an estranged half brother.
In his documentary The World According to Bush (May 2004), 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 occuring.
Notable current and former employees and advisors
Business
- G. Allen Andreas - Chairman of the Archer Daniels Midland Company
- Daniel Akerson - company director
- Joaquin Avila - investment banker
- Laurent Beaudoin - CEO of Bombardier (1979-)
- Paul Desmarais - Chairman of the Power Corporation of Canada
- David M. Moffett - CEO of Freddie Mac, unilateral appointment by Treasury Secretary, Henry M. Paulson Jr., September 7, 2008.
- Karl Otto Pöhl - former President of the Bundesbank.
- Olivier Sarkozy (half-brother of Nicolas Sarkozy, President of France) - co-head and managing director of its recently launched global financial services division, since March 2008 .
- Jason Chang- Chairman and founder of ASE Group, 20th richest of Taiwan.
- Jeffrey Chen- CEO and Director of ASE Group.
Political figures
North America
- 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, served in this capacity from 1993 to 2005.
- George H. W. Bush, former U.S. President, Senior Advisor to the Carlyle Asia Advisory Board from April 1998 to October 2003.
- George W. Bush, former U.S. President. Was appointed in 1990 to the Board of Directors of one of Carlyle's first acquisitions, an airline food business called Caterair, which Carlyle eventually sold at a loss. Bush left the board in 1992 to run for Governor of Texas.
- Frank C. Carlucci, former United States Secretary of Defense from 1987 to 1989; Also, former Princeton wrestling partner of former US Secretary of Defense, Donald Rumsfeld. Carlyle Chairman and Chairman Emeritus from 1989 to 2005.
- 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 from 1993 to the present
- Allan Gotlieb, Canadian ambassador to the United States (1981-89) and member of Carlyle's Canadian advisory board.
- Arthur Levitt, Chairman of the U.S. Securities and Exchange Commission (SEC) under President Bill Clinton, Carlyle Senior Advisor from 2001 to the present
- Peter Lougheed - Premier of Alberta (1971-85)
- Luis Téllez Kuenzler, Mexican economist, current Secretary of Communications and Transportation under the Felipe Calderón administration and former Secretary of Energy under the Zedillo administration.
- Frank McKenna, Canadian ambassador to the United States and former member of Carlyle's Canadian advisory board
- Mack McLarty, Carlyle Group Senior Advisor (from 2003), White House Chief of Staff to President Bill Clinton from 1993 to 1994.
- Randal K. Quarles, former Under Secretary of the U.S. Treasury under President George W. Bush, now a Carlyle managing director
- Dan Senor - political consultant
Europe
- John Major, former British Prime Minister, Chairman, Carlyle Europe from 2002 until 2005
Australia
- Peter Cornelius, Managing Director of Nielsen Sydney.
Asia
- Liu Hong-Ru, former chairman of China's Securities Regulatory Commission
- Anand Panyarachun, former Prime Minister of Thailand (twice), former member of the Carlyle Asia Advisory Board until the board was disbanded in 2004
- Fidel V. Ramos, former president of the Philippines, Carlyle Asia Advisor Board Member until the board was disbanded in 2004
- Thaksin Shinawatra, deposed Prime Minister of Thailand, former member of board, who resigned on taking office in 2001
- Peter Chung, former associate at Carlyle Group Korea, who resigned in 2001 after 2 weeks on the job after his infamous email scandal
Media
- Norman Pearlstine - editor-in-chief of Time magazine from (1995-2005)