Carlyle Turns to SPX Capital in New Approach to Brazil

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