December 26, 2011, Tokyo – Global alternative asset manager The Carlyle Group today announced that Carlyle Managing Director Kazuhiro Yamada will become co-head of the Japan Buyout Group, joining Co-head Tamotsu Adachi. Mr. Yamada, who joined the Japan Buyout Group in 2001, succeeds Masao Hirano. Mr. Yamada begins his new role on January 1, 2012 and will continue to be based in Tokyo.
Mr. Adachi said, “I am pleased to have Kaz join me as co-head. Over the past ten years Kaz has contributed greatly to the success of our investments through his insightful leadership and commitment to the team.” Mr. Adachi added, “On behalf of Carlyle I thank Hirano-san for his years of collaboration and insight. We are pleased that he will continue to serve Carlyle as a Senior Advisor.”
As Co-head of the fund, Mr. Yamada will help Mr. Adachi lead the investment activities of Carlyle’s two Japan buyout funds, totaling JPY 185 billion ($2.4 billion) in assets under management.
Mr. Yamada said, “I welcome this great honor and appreciate the confidence Adachi-san and the firm have placed in me. Working with the team I am eager to continue to serve our investors in this new position.”
Mr. Hirano, who became Co-head of the Japan buyout team in 2007, will become an independent consultant and a visiting professor at several universities in Japan. In addition, he will become a Senior Advisor to Carlyle and serve from time to time as an outside board member for select Carlyle portfolio companies including Covalent and BroadLeaf.
The Carlyle Group is a global alternative asset manager with $148 billion of assets under management in 89 active funds and 52 fund of fund vehicles as of September 30, 2011. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has developed expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,200 people in 33 offices across six continents.
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