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Carlyle's Africa fund is getting huge interest

Pot Of Gold

Here's further proof that serious international investors are warming to Africa: The Carlyle Group announced Wednesday that it had raised $698 million for its dedicated continental fund, nearly $200 million above its initial target..

SEC finds bogus fees at 200 private equity firms

SEC Building

A majority of private-equity firms inflate fees and expenses charged to companies in which they hold stakes, according to an internal review by the U.S. Securities and Exchange Commission, raising the prospect of a wave of sanctions by the agency.

Ex-JPMorgan exec to receive bumper pay package

Pot Of Gold

Michael Cavanagh, the longtime JPMorgan Chase executive who is preparing to join the Carlyle Group, will make $7m in salary and bonus in each of his first three years at the private equity giant, a regulatory filing on Friday showed.

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