Saturday, 30 August 2014
Last updated 1 day ago
Jan 12 2012 | 12:34pm ET
The founders of the Carlyle Group split more than $413 million in compensation last year, the private equity giant revealed in a filing for its impending initial public offering.
William Conway, Daniel D'Aniello and David Rubenstein were paid $275,000 in salary each. Each man also took home a $3.5 million bonus—and a $134 million share of the firm's incentive fees, more than half of Carlyle's total performance fee income.
Each man also received tens of millions of dollars in distributions from their own investments in Carlyle's funds. D'Aniello received $77.6 million, Conway $70.9 million and Rubenstein $56.8 million. But they've also continued to invest even more, with Conway pouring $164 million into Carlyle funds last year, D'Aniello $98 million and Rubenstein $97 million. The three men have made further commitments totaling $490.7 million.
The filing also revealed that the $112.6 billion firm plans to list on the Nasdaq Stock Market, under the ticker symbol "CG."
Word of the Carlyle founder's huge payday comes amidst a strong period for Carlyle: It earned $589 million in economic net income during the first nine months of last year, and returned a record $15 billion to clients.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...