The Carlyle Group has opened an office in Jakarta, Indonesia. Rajiv Louis, managing director of Carlyle Asia buyout team, is leading the firm’s activities in the region. Louis joined Carlyle last year to focus on Southeast Asia. Prior to Carlyle, Louis worked at UBS as managing director and country head in Indonesia.
Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today announced that it has opened an office in Jakarta, Indonesia. Rajiv Louis, Managing Director of the Carlyle Asia buyout team, is leading its investment advisory activities in Indonesia.
Mr. Louis joined Carlyle last year focusing on Southeast Asian opportunities. He has more than 15 years’ experience in investment banking, focusing on Indonesia and Southeast Asia. Prior to joining Carlyle, Mr. Louis worked at UBS as Managing Director and Country Head in Indonesia and Head of Investment Banking in Indonesia.
Greg Zeluck, Managing Director and Co-Head of the Carlyle Asia buyout team, said, “Indonesia is a fast-growing market in Southeast Asia with attractive investment opportunities. Establishing an office in Jakarta is an important step in our expansion strategy to gain greater exposure in Indonesia as well as the Southeast Asia region. This also reflects our commitment to investing in this exciting economy and to supporting the development of Indonesia’s capital and investment markets.”
Mr. Louis said, “Opening an office in Indonesia will better enable us to create and seize investment opportunities driven by a young population, a growing middle class, rapid urbanization and rising incomes. With a local presence, coupled with our extensive global network and deep knowledge of Indonesian industries, we are in a superb position to support local entrepreneurs and create value for companies in Indonesia.”
Having first established its presence in Asia Pacific in 1998, Carlyle continues to expand its footprint across the region, with offices in Beijing, Hong Kong, Jakarta, Mumbai, Seoul, Singapore, Shanghai, Sydney and Tokyo. Including external co-investment, Carlyle has invested approximately $13 billion in Asia Pacific as of December 31, 2013.
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $199 billion of assets under management across 120 funds and 133 fund of funds vehicles as of March 31, 2014. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,600 people in 38 offices across six continents.