Carlyle to buy funds-of-hedge-funds manager

mardi 26 novembre 2013

A general view of the lobby outside of the Carlyle Group offices in Washington (Reuters) - Carlyle Group LP (CG.O) said on Tuesday it would acquire Diversified Global Asset Management Corporation (DGAM), becoming the latest alternative asset manager to add a manager of funds that in turn invest in other hedge funds to its investment platform. DGAM has more than $6.7 billion in managed and advised assets and will become part of Carlyle's solutions platform, which includes funds of private equity funds and had $48.4 billion in assets under management as of the end of September. The deal follows peer KKR & Co LP's (KKR) acquisition last year of Prisma Capital Partners LP, which added $8.1 billion of such assets to its platform.








via Business News - Yahoo Finance http://finance.yahoo.com/news/carlyle-buy-funds-hedge-funds-155702349.html

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