The Carlyle Group has promoted 24 professionals to senior positions, six to managing director and 18 to principal or director. Five of the promotions to managing director are in Asia.
Principals and directors are the same level in Carlyle parlance; principal is the title used in North America and director is the title used in Europe and Asia.
The new managing directors are Han Chen (Asia Real Estate, Shanghai), Satoru Hayashi (Asia Real Estate, Tokyo), James Kim (Asia Real Estate, Hong Kong), Nicholas Shao (Asia Growth Capital, Shanghai), Feng Xiao (Asia Growth Capital, Beijing), David Roth (IT, Washington, DC).
The Carlyle Group has $85.5 billion of assets under management committed to 66 funds as of December 31, 2008. Carlyle invests in buy-outs, growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America, focusing on aerospace and defence, automotive and transportation, consumer and retail, energy and power, financial services, healthcare, industrial, infrastructure, technology and business services and telecommunications and media. Since 1987, the firm has invested $54.6 billion of equity in 896 transactions for a total purchase price of approximately $226.6 billion.
D.C.