Thursday, 25 August 2016
Last updated 8 hours ago
Jan 25 2012 | 1:32pm ET
As it prepares for its initial public offering, one of the world's largest private equity firms is boosting its non-buyout executive ranks.
The Carlyle Group announced its annual promotions to managing director and director. Forty-one people got the nod—but only 10 of them work in the $148 billion firm's buyout division. The rest work in real estate, mezzanine funds and investor relations, among other business areas.
Carlyle has about 1,200 employees and plans to hire more after its IPO.