In its 20-year history, Carlyle has been involved in some of the largest-ever leveraged buyouts — most recently Manor Care Inc., Hertz Corp. and HD Supply. Last month, the Washington LBO giant agreed to sell a 7.5% stake in itself to an Abu Dhabi government-owned investor in a deal that valued Carlyle at $20 billion. If that's not enough, the firm closed a $7 billion European buyout fund in September and took its European fixed-income affiliate Carlyle Capital Corp. public on the Amsterdam exchange over the summer.
Now, Carlyle is currently raising an estimated $17 billion domestic fund as a follow-up to the $7.85 billion vehicle it raised just two years ago. Along with its $1 billion funds for education and infrastructure, as well as a $3.5 billion renewable energy vehicle, Carlyle will have put a startling $37 billion under management since 2005.
Rubenstein will speak at The Deal's M&A Outlook conference on Nov. 7 at the Ritz-Carlton Battery Park in New York. The interview with The Deal's senior writer David Carey will cover key issues such as his prediction of a $100 billion buyout, shaky credit markets, valuations and where the private equity industry is headed in 2008 as it faces increased scrutiny — and possibly higher taxes — from the government. — George White
See David Rubenstein's biography
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See TheDeal.com: Abu Dhabi invests in Carlyle
See Oct. 11 Dealscape post
See TheDeal.com: Funds still flow for PE