Tuesday, 21 October 2014
Last updated 2 hours ago
Dec 4 2006 | 2:32pm ET
Political and civil instability in the Middle East has done nothing to deter the bullish outlook of The Carlyle Group. Last month, the Washingon, D.C.-based private equity firm established a team to conduct private equity investments in the Middle East and North Africa region.
Managing director Walid Musallam, former CEO of the Abu Dhabi Investment Company, heads the MENA team, which will invest primarily in “healthy, growing companies” within the energy, financial services, healthcare, industrial, infrastructure, technology and transportation sectors, according to the firm.
Carlyle declined to specify if it has in place or is planning to launch a dedicated fund for its new endeavor.
Musallam was formerly responsible for the general management and strategy implementation of all business lines of Abu Dhabi in private equity, regional equity and debt capital markets, corporate finance and brokerage.
The Carlyle Group currently manages some $46.9 billion in assets. The group invests in buyouts, venture & growth capital, real estate and leveraged finance in Asia, Europe and North America, focusing on a wide range of industries.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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