Carlyle Steps Up Asian Presence With New Hire

Oct 9 2007 | 12:33pm ET

Global private equity firm The Carlyle Group is expanding in Asia with the addition of Anand Balasubrahmanyan as a director to lead its investments in Southeast Asia for Carlyle Asia Partners.

Balasubrahmanyan will be based in Singapore, where he will build a Carlyle Asia Partners team. He joins the firm after a 12-year career in investment banking, most recently as executive director and head of global capital markets for Southeast Asia at Morgan Stanley.

“We are stepping up our efforts with a dedicated team based in Singapore under Anand's leadership to pursue investments across the region, especially in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam,” said X.D. Yang, co-head of Carlyle Asia Partners. "Each of these countries has demonstrated strong economic growth and stability in recent years and we expect such trends to continue. We will partner with local companies and management teams to grow their businesses in their own markets as well as regionally and globally."

Carlyle Asia Partners was established in 1997 and currently manages some $2.56 billion in assets.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    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…