2008 Annual Report - The Carlyle Group

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We established our first investment team in Chinamore than 10 years ago. Today, we’re one of thelargest and most committed private equity firmsin the country.One of the first private equity firms to enter China, Carlyle was quick to identifythe enormous potential of investing in the country’s vibrant, entrepreneurialcompanies, well before most other international and local private equity firms.Today, Carlyle manages nine Asia-focused funds that invest significantlyin China. The funds are managed by three active teams—Carlyle Asia Partners,Carlyle Asia Growth Partners and Carlyle Asia Real Estate Partners—and areadvised by native Chinese investment professionals based in Beijing, HongKong and Shanghai. Led by 11 Managing Directors focused on a diverse rangeof Chinese companies and assets, Carlyle has a measure of senior talent in thecountry that we believe is unmatched by other private equity firms.With strong leadership and a 10-year track record, we believe we have theresources and knowledge to invest in and work with Chinese companies inlocations beyond the well-developed coastal regions. We have invested in inlandregions, such as Sichuan and Shaanxi, where investments are highly encouragedby government policy.A long-term partner, we work hand-in-hand with our portfolio companiesto help them succeed by enhancing their business strategy and improvingcompetitiveness. Many of our companies are achieving strong performancedespite the global economic downturn.In the current climate, we are working even more closely with our companiesto identify opportunities to enhance growth through strategic expansionand overseas acquisitions. We are also seeking opportunities to partner withChinese companies on their investments abroad. We believe that helping buildstronger brands and internationally competitive companies will enable Carlyleto further cement its industry leadership in China.Carlyle has more than 40 nativeChinese investment professionalsbased in China and has investeda total of $2.2 billion of equity inmore than 40 corporate privateequity and real estate investmentsacross the country.10 The Carlyle Group 2008
Ten Years of Success in Chinakey investment provincesPortfolio Company LocationsbeijinghebeiChinashaanxiShandongjiangsubeijingshanghaisichuanchongqingzhejiangguangdonghong kongMacaufujianWhile most other privateequity and foreign fundsfocus on the well-developed,first-tier coastal cities andmunicipalities, Carlyle investsin companies headquarteredin first-, second- and eventhird-tier provinces andmunicipalities.Carlyle’s Chinese portfolio companies operatein nine key sectors and employ more than250,000 people. We help companies expandtheir local and international market share.When companies grow, more jobs are createdto support local communities.hong kong2008 The Carlyle Group 11
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U.K. “Walker” Guidelines forDis
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At the 6th Year Walk & Run Together
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officesWashington, DC1001 Pennsylva
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2008 Annual Report - The Carlyle Group

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