type public traded as nasdaq cg industry private equity founded 1987 ; 29 years ago 1987 headquarters washington d.c. united states key people daniel a. d aniello chairman william e. conway jr. co ceo david rubenstein co ceo glenn a. youngkin co president and co coo curtis l. buser cfo products leveraged buyouts growth capital energy energy lending structured credit real estate revenue us 3.022 billion 2014 1 net income us 962 million 2014 1 aum us 194 billion 2014 1 total assets us 35.994 billion 2014 1 number of employees 1 650 1 website carlyle.com the carlyle group is an american multinational private equity alternative asset management and financial services corporation . as one of the largest private equity and alternative investment firms in the world carlyle specializes in four key business areas corporate private equity real assets global market strategies and investment solutions . carlyle s corporate private equity business has been one of the largest investors in leveraged buyout transactions over the last decade when while its real estate business has actively acquired commercial real estate . since its inception carlyle has at various times had investments in companies such as booz allen hamilton dex media dunkin brands freescale semiconductor getty images hcr manor care hertz kinder morgan nielsen and united defense . carlyle was founded in 1987 in washington d.c. by william e. conway jr. daniel a. d aniello and david rubenstein and currently operates with more than 1 700 employees across 35 offices in north america south america europe the middle east africa asia and australia . over the course of two decades carlyle has amassed a portfolio of 193 billion in assets under management across 130 funds and 156 fund of fund vehicles and has made investments in more than 200 companies and more than 250 real estate investments . in 2012 carlyle completed a 700 million initial public offering and began trading on the nasdaq stock exchange on may 3 2012 . according to a 2015 ranking called the pei 300 based on capital raised over the last five years carlyle was ranked no. 1 as the largest private equity firm in the world . 2 contents 1 business segments 1.1 corporate private equity 1.2 real assets 1.3 global market strategies 1.4 investment solutions 2 history 2.1 founding and early history 2.2 2002 2006 2.3 since 2007 2.4 ownership changes 3 subsidiaries and joint ventures 3.1 carlyle capital corporation 4 in documentaries 5 notable employees and advisors 5.1 business 5.2 politicians 5.3 media 6 see also 7 references 8 notes and references 9 external links business segments edit the firm is organized into four business segments corporate private equity management of carlyle s family of private equity funds investing primarily in leveraged buyout and growth capital transactions through a range of geographically focused investment funds ; real assets management of carlyle s family of energy and real estate investment funds focusing on the us europe and asia ; global market strategies management of various credit equities and hedge fund vehicles with over 37 billion in assets under management ; and investment solutions management of three investment groups corporate private equity real estate and liquid market solutions which invest in primary secondary and co investments commingled funds and separately managed accounts . corporate private equity edit carlyle s corporate private equity division manages a series of leveraged buyout and growth capital investment funds with specific geographic or industry focuses . carlyle invests primarily in the following industries aerospace defense & government services consumer & retail energy financial services health care industrial real estate technology and business services telecommunications & media and transportation . carlyle began investing in corporate private equity in 1990 and since inception has invested 62.5 billion of capital in 497 investments . as of march 31 2015 carlyle managed 32 active funds with 64 billion in assets under management consisting of 3 buyout funds carlyle manages a group of 22 active funds with approximately 58 billion in assets under management as of march 31 2015 . 3 growth capital funds carlyle manages 10 active growth capital funds with approximately 5 billion in assets under management as of march 31 2015 . 3 real assets edit carlyle s real assets division manages 28 active investment funds focused on real estate natural resources and energy . the real assets business has three primary areas of focus real estate funds carlyle manages 9 active real estate funds with approximately 14 billion in assets under management as of march 31 2015 . 3 natural resources carlyle manages 14 natural resources funds with more than 20 billion in assets under management as of march 31 2015 3 including 10 funds advised by carlyle energy affiliate ngp energy capital management ; one infrastructure fund ; two power funds ; and one international energy fund . legacy energy through its joint venture with riverstone holdings carlyle manages five active funds with more than 9 billion in assets under management as of march 31 2015 . 3 global market strategies edit carlyle s global market strategies division manages 57 investment across a range of investments including credit emerging markets macroeconomic strategies commodities trading leveraged loans structured credit and mezzanine debt . as of december 31 2012 the global market strategies division had 33 billion of assets under management across several strategies . structured credit funds carlyle manages 43 investment funds including clos with approximately 17 billion in assets under management as of december 31 2012 . 4 distressed and corporate opportunities carlyle manages 3 funds focused on investments in distressed debt with approximately 2 billion in assets under management as of december 31 2012 . 4 mezzanine carlyle manages 2 funds focused on mezzanine debt investments in middle market companies with approximately 700 million in assets under management as of december 31 2012 . 4 carlyle also manages a fund focused on mezzanine debt investments in energy and power projects in north america with 1 billion of assets under management as of december 31 2012 . 4 long short credit carlyle s claren road asset management subsidiary manages two hedge funds focused on credit investments with approximately 7 billion in assets under management as of december 31 2012 . 4 emerging markets and macroeconomic strategies carlyle s emerging sovereign group subsidiary manages 7 hedge funds with approximately 3 billion in assets under management as of december 31 2012 . 4 commodities carlyle s vermillion subsidiary manages 3 investment funds with approximately 2 billion in assets under management as of december 31 2012 . 4 investment solutions edit alpinvest partners type private industry private equity headquarters amsterdam netherlands products fund investments secondaries co investments mezzanine total assets us 49 billion website www.alpinvest.com main article alpinvest partners alpinvest partners is one of the largest private equity investment managers globally with over 49 billion under management as of march 31 2015 invested alongside more than 250 private equity firms . founded in 1999 alpinvest has historically been the exclusive manager of private equity investments for the investment managers of two of the world s largest pension funds stichting pensioenfonds abp abp and stichting pensioenfonds zorg en welzijn pfzw both based in the netherlands . in 2011 carlyle acquired alpinvest and has integrated the business including its leading fund of funds and secondary platforms significantly expanding carlyle s global asset management business . alpinvest pursues investment opportunities across the entire spectrum of private equity including large buyout middle market buyout venture capital growth capital mezzanine distressed and sustainable energy investments . alpinvest has offices in new york city amsterdam and hong kong with over 75 investment professionals and over 130 employees . carlyle s real estate fund of funds group is called metropolitan which provides investors with access to multi manager real estate funds and solutions with more than 85 fund managers in the united states europe asia and latin america . metropolitan constructs and manages u.s. non u.s. and global real estate portfolios which include primary and secondary fund interests as well as co investments . dgam is carlyle s liquid solutions team . dgam provides investors access to an array of proprietary and third party hedge funds around the world . dgam works to manage the complexities of alternative asset classes with a complementary blend of investment and operations expertise . history edit history of private equity and venture capital early history origins of modern private equity the 1980s leveraged buyout boom the 1990s leveraged buyout and the venture capital bubble the 2000s dot com bubble to the credit crunch v t e founding and early history edit carlyle was founded in 1987 as an investment banking boutique by five original partners with backgrounds in finance and government william e. conway jr. stephen l. norris david m. rubenstein daniel a. d aniello and greg rosenbaum . 5 the founding partners named the firm after the carlyle hotel in new york city where norris and rubenstein had often met to discuss the formation of their new investment business . 6 rubenstein who was a washington based lawyer had worked in the carter administration . norris and d aneillo had previously worked together at marriott corporation while conway was a finance executive at mci communications . of the founding five partners rubenstein conway and d aneillo remain active in the business while rosenbaum left in the first year 7 and norris departed in 1995 . 6 8 carlyle was founded with 5 million of financial backing from t. rowe price alex. brown & sons first interstate equities and the richard king mellon family . 9 10 in the late 1980s carlyle raised capital on a deal by deal basis to pursue leveraged buyout investments including a failed takeover battle for chi chi s. 7 10 the firm raised its first dedicated buyout fund with 100 million of investor commitments in 1990 . in its early years carlyle also advised in transactions including a 500 million investment by prince al waleed bin talal a member of the saudi royal family in citigroup in 1991 . 10 the crusader weapon system developed by united defense carlyle s largest investment in the defense industry was cancelled in may 2002 11 carlyle initially developed a reputation for acquiring businesses related to the defense industry . in 1992 carlyle completed the acquisition of the electronics division of general dynamics corporation renamed gde systems a producer of military electronics systems . 12 carlyle would later sell the business to tracor in october 1994 . 13 carlyle acquired magnavox electronic systems the military communications and electronic warfare systems segment of magnavox from philips electronics in 1993 . 14 carlyle sold magnavox for approximately 370 million to hughes aircraft company in 1995 . carlyle also invested in vought aircraft through a partnership with northrop grumman . 15 carlyle s most notable defense industry investment came in october 1997 with its acquisition of united defense industries . the 850 million acquisition of united defense represented carlyle s largest investment to that point . 11 16 carlyle was able to complete an ipo of united defense on the new york stock exchange in december 2001 selling a significant portion of its interest in the company . carlyle completed a sale of its remaining united defense stock and exited the investment in april 2004 . 17 in more recent years carlyle has deemphasized its focus on defense industry investments . 18 carlyle s 2001 investor conference took place on september 11 2001 . in the weeks following the meeting it was reported that shafiq bin laden a member of the bin laden family had been the guest of honor and that they were investors in carlyle managed funds . 19 20 21 22 23 later reports confirmed that the bin laden family had invested 2 million into carlyle s 1.3 billion carlyle partners ii fund in 1995 making the family relatively small investors with the firm . however their overall investment might have been