Wednesday, November 9, 2011

Carlyle Explains White House DeParle's PEU Phenomena

The Carlyle Group's revised S-1 states:

"a portion of the carried interest that the company receives is due to (former) employees and Directors."
There's another interesting fact:

In order to better align the interests of our senior Carlyle professionals and the other individuals who manage our carry funds with our own interests and with those of the investors in these funds, such individuals are allocated directly a portion of the carried interest in our carry funds. Prior to the reorganization, the level of such allocations vary by fund, but generally are at least 50% of the carried interests in the fund.
While Nancy Ann DeParle worked for CCMP Capital Partners, not Carlyle, she received CCMP associated distributions while President Obama's Health Czar/Deputy Chief of Staff.