Friday, 9 October 2015
Last updated 6 hours ago
Dec 17 2010 | 9:38am ET
An Abu Dhabi sovereign wealth fund is upping its stake in private equity giant the Carlyle Group.
Mubadala Development Co. yesterday announced a $500 million investment in Carlyle. Washington, D.C.-based Carlyle will use the money "to expand product lines and offerings to Carlyle's investors," while Mubadala will receive an unspecified amount of added equity and convertible bonds.
Carlyle is widely expected to go public in 2012.
Mubadala more than three years ago bought a 7.5% stake in the p.e. firm for about $1.3 billion. The firm last month agreed to invest $100 million in Russian hedge fund Verno Capital.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…