Who is the Carlyle Group?
The Carlyle Group is a private equity fund a group of financial advisers that invests large sums of money from pension funds, large corporations, wealthy individuals and foreign banks into privately held companies in many different industries, and then run those companies until the market is right to sell them at a substantial profit. During the early years of the George W. Bush administration, it gained attention and some notoriety because of the large number of former high-ranking political figures it had attracted as advisers and managers. They included former President George H.W. Bush, former Secretary of State James Baker and former British Prime Minister John Major. Shortly after the September 11, 2001, attacks on New York and Washington, Carlyle was in the news again when newspapers revealed that Osama Bin Ladens family in Saudi Arabia which owns one of the worlds largest construction companies held a stake in the fund. The stake was quickly liquidated after the news broke. Unt
