Friday, October 05, 2007
Posted: 09:26 AM
(RTTNews) - On Friday, The Carlyle Group announced that it completed its third and largest venture and growth capital fund, which is launching with a $605 million war chest for early stage venture capital, expansion stage growth capital and growth buyout transactions.
The Carlyle Venture Partners III L.P., 'will help its portfolio companies expand by using Carlyle's global platform and domain expertise in such sectors as telecom and media, defense and aerospace, automotive and logistics, energy, technology and business services to help its companies expand internationally and grow sales,' the private equity firm said.
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When is the corruption of this White House going to stop? When will someone impeach Bush and Cheney? After all, whom is going to profit from the surveillance in the first place ?
White House Fights Democratic Changes to Surveillance Act (click here)
By Dan EggenWashington Post Staff Writer Thursday, October 11, 2007; Page A04
President Bush and other Republicans stepped up their attacks on Democratic legislation that would require more oversight of surveillance within U.S. borders that is directed at foreign targets, escalating a partisan battle over the boundaries of U.S. spying.
In separate votes along party lines, the House Judiciary and Intelligence committees approved bills that would require the government to get approval from a special intelligence court for blanket surveillance of targets overseas. Supporters say the legislation is needed to safeguard the rights of innocent U.S. citizens who may be caught up in such surveillance....
Carlyle's way Making a mint inside "the iron triangle" of defense, government, and industry. (click here)
By Dan Briody January 8, 2002
Like everyone else in the United States, the group stood transfixed as the events of September 11 unfolded. Present were former secretary of defense Frank Carlucci, former secretary of state James Baker III, and representatives of the bin Laden family. This was not some underground presidential bunker or Central Intelligence Agency interrogation room. It was the Ritz-Carlton in Washington, D.C., the plush setting for the annual investor conference of one of the most powerful, well-connected, and secretive companies in the world: the Carlyle Group. And since September 11, this little-known company has become unexpectedly important.
That the Carlyle Group had its conference on America's darkest day was mere coincidence, but there is nothing accidental about the cast of characters that this private-equity powerhouse has assembled in the 14 years since its founding. Among those associated with Carlyle are former U.S. president George Bush Sr., former U.K. prime minister John Major, and former president of the Philippines Fidel Ramos. And Carlyle has counted George Soros, Prince Alwaleed bin Talal bin Abdul Aziz Alsaud of Saudi Arabia, and Osama bin Laden's estranged family among its high-profile clientele. The group has been able to parlay its political clout into a lucrative buyout practice (in other words, purchasing struggling companies, turning them around, and selling them for huge profits)--everything from defense contractors to telecommunications and aerospace companies. It is a kind of ruthless investing made popular by the movie Wall Street, and any industry that relies heavily on government regulation is fair game for Carlyle's brand of access capitalism. Carlyle has established itself as the gatekeeper between private business interests and U.S. defense spending. And as the Carlyle investors watched the World Trade towers go down, the group's prospects went up....
