The U.S. asset manager is shifting staff to SPX Capital, which will subadvise Carlyle’s $776 million South America fund.
Carlyle Group Inc. is changing its investment strategy in Brazil by partnering with a local firm and focusing on large deals, as the asset manager seeks to simplify its operations world-wide.
Carlyle will shift some of its five investment professionals in Brazil to SPX Capital as part of a preliminary agreement between the two firms, the Washington, D.C., firm said. Also, SPX will become a subadviser to Carlyle’s $776 million buyout fund focused on South America.
Source: Wall Street Journal
Can’t stop reading? Read more
Bain Capital takes minority stake in Innocap as platform surpasses $100bn in assets
Bain Capital takes minority stake in Innocap as platform surpasses $100bn in assets Bain Capital...
Francisco Partners to acquire Jamf in $2.2bn take-private deal from Vista Equity Partners
Francisco Partners to acquire Jamf in $2.2bn take-private deal from Vista Equity Partners...
Warburg Pincus and Madison team up in $300m strategy to target global real estate secondaries
Warburg Pincus and Madison team up in $300m strategy to target global real estate secondaries...