Michael Arpey Joins The Carlyle Group as Managing Director; Responsible for Fund Formation Strategy, New Investor Products and Coordination of Investor Relations

Washington, DC – Global alternative asset manager The Carlyle Group announced that Michael “Mike” W. Arpey today joined the firm as Managing Director and member of the Operating Committee. In this new position, Mr. Arpey will oversee new fund formation and the development of new products for investors, and coordinate Carlyle’s global investor relations team. He is based in Washington, DC.

Mr. Arpey joins Carlyle from Credit Suisse where he was Managing Director and Co-Head of the Customized Fund Investment Group (CFIG), the private equity fund of funds business within Alternative Investments, which manages $26 billion of assets on behalf of its clients.

David M. Rubenstein, Carlyle Co-Founder and Managing Director, said, “Mike is a great addition to our senior management team. His diverse background, both as an LP and GP, gives him insight and understanding that will help us continue to develop products and services that satisfy the sophisticated and changing needs of our global investor base.”

Mr. Arpey said, “I am pleased to join a remarkable global institution that places a premium on strategic innovation and exceptional investor relations. I look forward to being a part of this next chapter in Carlyle’s fascinating history.”

Mr. Arpey joined Credit Suisse in 2000. Prior to that he was Head of Private Equity Investment for Prudential Insurance Company of America where he managed $3 billion of private equity holdings from various teams in Asia, Latin America, Central Europe and the U.S. From 1995-1999, Mr. Arpey was Counsel and Director of Alternative Investments for The New York Common Retirement Fund where he managed a $7 billion private equity portfolio. Prior to that, from 1990-1995, he was a trustee for the Pennsylvania Public School Employee Retirement System and the State Employee Retirement System. Mr. Arpey began his career as an Associate at Tucker Arensberg PC in Pittsburgh.

Mr. Arpey earned his B.A. from St. Lawrence University and his J.D. from the Dickinson School of Law.

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The Carlyle Group is a global alternative asset manager with $90.9 billion of assets under management committed to 66 funds as of June 30, 2010. Carlyle invests across three asset classes - private equity, real estate and credit alternatives - in Africa, Asia, Australia, Europe, North America and South America focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media. Since 1987, the firm has invested $61.2 billion of equity in 983 transactions. The Carlyle Group employs more than 880 people in 19 countries. In the aggregate, Carlyle portfolio companies have more than $84 billion in revenue and employ more than 398,000 people around the world. Web: www.carlyle.com; Video: www.youtube.com/OneCarlyle

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