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.
