- Posted October 20, 2013 by
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Carlyle’s Global Alternative Asset Management Platform
We are one of the world’s largest and most diversified alternative asset management firms. We manage 118 distinct funds and 81 fund of funds vehicles that invest across four segments, 11 core industries and six continents. Our global size, scale and brand enable us to access opportunities in virtually every market around the world.
Corporate Private Equity
Carlyle’s Corporate Private Equity segment, established in 1990 with our first U.S. buyout fund, has Assets Under Management of more than $58 billion and more than 250 investment professionals. Our 30 Corporate Private Equity funds are organized by geography or industry and are advised by separate teams of professionals who live and work in the markets where they invest. We believe this diversity of funds allows us to deploy more targeted and specialized investment expertise and strategies and offers our fund investors the ability to better tailor their investment choices. Our Corporate Private Equity teams have two primary areas of focus:
Buyout Funds. Our buyout teams advise a diverse group of 21 funds that focus either on a particular geography (Asia, Europe, Japan, Middle East and North Africa (MENA), South America, Sub-Saharan Africa or the United States), or a particular industry (e.g., financial services).
Growth Capital Funds. Our nine growth capital funds are advised by three regionally-focused teams in Asia, Europe and the United States, with each team focused on middle-market and growth companies consistent with specific regional investment considerations. As of June 30, 2013, our growth capital funds had, in the aggregate, approximately $4 billion in AUM.
Carlyle’s $40 billion Real Assets segment, established in 1997 with our first U.S. real estate fund, has 143 investment professionals and has 17 carry funds and eight NGP management fee funds focused on real estate, infrastructure and energy and renewable resources. Our 10 real estate funds pursue real estate investment opportunities in Asia, Europe and the United States and focus on acquiring single-property opportunities rather than large-cap companies with real estate portfolios. Our energy and renewable resources activities focus on buyouts, growth capital investments and strategic joint ventures in the midstream, upstream, power and oilfield services sectors, as well as the renewable and alternative sectors of the energy industry.
Carlyle’s Global Market Strategies segment, established in 1999 with our first high yield fund, has a group of 63 funds that pursue investment opportunities across various types of credit, equities and alternative instruments, and (with regards to certain macroeconomic strategies) currencies, commodities and interest rate products and their derivatives. These funds, with AUM of more than $35 billion and more than 200 investment professionals, include:
Carry Funds. We have six carry funds in three different strategies: distressed and corporate opportunities (including liquid trading portfolios and control investments); corporate mezzanine (targeting middle market companies); and energy mezzanine opportunities (targeting debt investments in energy and power projects and companies).
Hedge Funds. Through our 55% stake in Claren Road Asset Management, LLC we have two long/short credit hedge funds focusing on the global high grade and high yield markets. Through our 55% stake in Emerging Sovereign Group LLC, we have seven emerging markets equities and macroeconomic hedge funds. Additionally, through our 55% stake in Vermillion Asset Management, LLC, we have four funds focused on commodities investment.
Structured Credit Funds. Our 43 structured credit funds invest primarily in performing senior secured bank loans through structured vehicles and other investment products.
Global Market Strategies
With approximately $48 billion of Assets Under Management and more than 60 investment professionals, our Global Solutions segment was established on July 1, 2011 with the acquisition of a 60% equity interest in AlpInvest. One of the world’s largest investors in private equity, AlpInvest manages a global private equity fund of funds program and related co-investment and secondary activities. Its anchor investors are two large Dutch pension funds, which were the previous shareholders of the company. Although Carlyle has ultimate control over AlpInvest, AlpInvest’s historical management team (who are now Carlyle employees) continue to exercise independent investment authority without involvement by other Carlyle professionals.
AlpInvest has three primary areas of focus:
Fund Investments. AlpInvest fund of funds vehicles make investment commitments directly to buyout, growth capital, venture and other alternative asset funds managed by other general partners.
Co-investments. AlpInvest invests in specific deals alongside other private equity and mezzanine funds in which it has a fund investment throughout Asia, Europe and North America.
Secondary Investments. AlpInvest also has funds that acquire interests in portfolio funds in secondary market transactions.
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