Carlyle Expands with Key Hire in Southeast Asia

Singapore - Global private equity firm The Carlyle Group is expanding in Asia with the addition of Anand Balasubrahmanyan as a Director to lead its investments in Southeast Asia for Carlyle Asia Partners. Mr. Balasubrahmanyan will be based in Singapore, where he will establish a Carlyle Asia Partners team.

Established in 1997 and currently with $2.56 billion dedicated funds under management, Carlyle Asia Partners makes control and strategic minority investments in companies across the non-Japan Asia region with a team of 33 investment professionals based out of six offices in Hong Kong, Mumbai, Seoul, Shanghai, Singapore and Sydney.

Mr. Balasubrahmanyan joins Carlyle after a twelve-year career in investment banking, most recently as Executive Director and Head of Global Capital Markets for Southeast Asia at Morgan Stanley.

X.D. Yang, Managing Director and Co-Head of Carlyle Asia Partners, said: “We see increasing investment opportunities in Southeast Asia. We are stepping up our efforts with a dedicated team based in Singapore under Anand’s leadership to pursue investments across the region, especially in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Each of these countries has demonstrated strong economic growth and stability in recent years and we expect such trends to continue. We will partner with local companies and management teams to grow their businesses in their own markets as well as regionally and globally.”