This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

The Carlyle Group Completes Acquisition Of Diversified Global Asset Management

Stocks in this article: CG

Global alternative asset manager The Carlyle Group (NASDAQ:CG) today announced that it has completed the acquisition of Diversified Global Asset Management Corporation (DGAM), a global manager of hedge funds with more than $6.7 billion in managed and advised assets. Equity for the transaction came from Carlyle’s balance sheet. The transaction was first announced on November 26, 2013.

DGAM will join Carlyle’s Solutions platform alongside AlpInvest Partners, a global private equity fund of funds business with $48 billion of assets under management, and Metropolitan Real Estate Equity Management, LLC, a global real estate multi-manager with $2.6 billion in capital commitments. Including DGAM, the Solutions segment had assets under management of $57.3 billion as of September 30, 2013.

Established in 2004, DGAM is an independent alternative investment manager and advisor based in Toronto, Canada. Founders George Main, Warren Wright, Graham Thouret and Jeff Lucassen continue with the firm. DGAM’s client base is 100% institutional and includes some of the world’s largest and most sophisticated public and private pension funds, endowments and sovereign wealth funds.

DGAM was represented by Davies Ward Phillips & Vineberg LLP and Sidley Austin LLP advised on US regulatory issues. Goldman, Sachs & Co. acted as exclusive financial advisor to DGAM. Simpson Thacher & Bartlett LLP served as legal advisor to Carlyle.

* * * * *

About Diversified Global Asset Management Based in Toronto, Canada, DGAM was founded in 2004 and currently manages and advises on over US $6.7 billion of hedge fund assets. DGAM’s industry leading investment and operational risk management have contributed to its strong, consistent performance since inception. The firm invests on behalf of an institutional client base, which includes some of the world’s largest public and private pension funds, endowments and sovereign wealth funds.

Web: http: www.dgam.com

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $185 billion of assets under management across 122 funds and 81 fund of funds vehicles as of September 30, 2013. Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,450 people in 34 offices across six continents.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs