Carlyle Appoints Sanghyun Lee as Managing Director to Lead Korean Investments

Seoul, Korea - Global alternative asset manager The Carlyle Group today announced that Sanghyun Lee has joined as Managing Director. Mr. Lee will be based in Seoul and will lead the Korean investment efforts for Carlyle Asia Partners (CAP). Mr. Lee joins from Affinity Equity Partners where he was Managing Director leading the firm’s investment effort in Korea. He has led a number of successful investments in Asia including TheFaceShop transaction in Korea. He was previously at Government of Singapore Investment Corporation (GIC) in charge of its private equity investments in Korea. Before that, Mr. Lee was a management consultant at McKinsey & Company in Seoul. Mr. Lee, a native of Korea, was a graduate of Seoul National University and Harvard Business School. He was also a research student at the University of Tokyo. X.D. Yang, Managing Director and Co-Head of Carlyle Asia Partners, said: "This key hire reflects our strong commitment to invest in Korea. We are very pleased that Mr. Lee has joined our team to lead and expand our investment activities in Korea. Carlyle was one of the earliest private equity investors in Korea and has more than a decade of investment presence in Korea. We look forward to extending this long track record in Korea.” Carlyle Asia Partners manages three pan-Asia funds and one RMB fund and has a history of 13 years of investing in Asia. CAP makes control and significant minority investments in well established companies across the Asia ex-Japan region. Carlyle has made a number of investments in Korea, including KorAm Bank and Hyundai Communications and Network. * * * * * About The Carlyle Group The Carlyle Group is a global alternative asset manager with approximately $153 billion of assets under management across 86 funds and 49 fund of fund vehicles as of June 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 focusing on aerospace, defense, & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,100 people in 34 offices across 6 continents. (*Includes acquisitions of AlpInvest Partners B.V. and Emerging Sovereign Group LLC on July 1, 2011.) Web: www.carlyle.com  Video: www.youtube.com/OneCarlyle. Media Contacts: Dorothy Lee The Carlyle Group Tel: +852 2878-5091  Belinda Chung Edelman Tel: +852 2837-4721