Carlyle Promotions Focus On Non-Buyout Businesses

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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…