Monday, March 9, 2009

Carlyle Group's Libya Dinner Pays Off

The Carlyle Group announced a new $500 million Middle East and North Africa fund. Washington Business Journal reported:

The D.C.-based private equity giant said funds will be injected into healthy, growing companies in such sectors as energy, financial services, health care, industrial, infrastructure, technology and transportation in the Middle East and North Africa (MENA) region.
The November dinner, in honor of Muammar al-Gadhafi's son, paid off. The Carlyle Group hosted the soiree at the Washington Club. The elder Gadhafi was elected Chairman of the African Union. He favors an economic union on the continent. What timing!