Carlyle Group co-founder David Rubenstein met with the leader of Kazakhstan. Gazeta.KZ reported:
Is the $74.9 billion the most up to date number for Carlyle's assets under management? It was $91.1 billion in late 2008. After write downs, it fell to $85.5 billion. Carlyle's website hasn't changed from the $85 billion number. One might expect a head of state to get the most up to date information.
According to the press service, D. Rubenstein informed the President on the company plans on investment in various branches of the economy of Kazakhstan.
Carlyle Group - one of the largest investment funds, operating the assets for the sum of more than $74.9 billion and specializes in venture investments.
How did the $16.2 billion plummet happen? Did the nearly 18% fall come from asset write downs? Did any investors pull their stakes? Maybe, new energy rich countries like Kazakhstan and Libya can turn Carlyle's red tide.
Update: The European Bank for Reconstruction & Development is investing in stressed Kazakstan companies. Carlyle is yet to step up, at least publicly.