Thursday, July 5, 2012

Carlyle to Jump to Nearly $300 billion in AUM?

The Carlyle Group is reported to be in the lead to takeover SocGen's asset management division, TCW Group.  TCW managed $128 billion in assets.  Add that to Carlyle's $159 billion in assets under managemen (AUM)t and Carlyle's total AUM is nearly $300 billion.  That would leapfrog Blackstone's $190 billion AUM.  Carlyle could be the first PEU to $1 trillion.

Update 7-31-12:  Pensions & Investments suggested an announcement could come soon on this deal.

Update 12-1-12:  A Federal Court issued an injunction blocking the deal until EIG's rights are arbitrated. EIG is a "spin out" from TCW.

Update 12-17-17:  Carlyle sold nearly half its TCW stake to Nippon Life   Bloomberg quoted a Carlyle exec who stated "This transaction lifted the Sword of Damocles, that constant question with Carlyle: ‘This is private equity. What are you going to do next?"

Update 2-22-18:  TCW responded to a sexual harassment allegation against an executive on the TCW board.