The Carlyle Group has named Dr. Daniel Yergin as a senior adviser. Yergin is the founder of the Cambridge Energy Research Associates, which is now part of IHS Markit. Also, he is a director of the Council on Foreign Relations and is the author of several best-selling books one of which “The Prize: The Epic Quest for Oil Money and Power,” won the Pulitzer Prize.
Washington, DC – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Dr. Daniel Yergin, Pulitzer Prize-winning author and Vice Chairman of IHS Markit, has been appointed as a Senior Advisor to the firm. In this role, Dr. Yergin will advise Carlyle on a range of issues including geopolitical developments, economic conditions and trends in the global energy sector.
Carlyle Co-CEO David M. Rubenstein said, “Dan’s breadth of knowledge about the energy world commands universal respect, and I am delighted that his expertise will now be available to Carlyle and our energy funds.”
Dr. Yergin said, “I am very pleased to collaborate with Carlyle, with its global presence, and look forward to contributing to the insights that its team of accomplished investors brings to energy and the world economy in an era of change.”
Glenn Youngkin, Carlyle’s President and Chief Operating Officer, said, “Dan’s deep understanding of the global energy markets will help strengthen our thinking across the firm, but especially in the global energy and power space. We are keen to leverage his wisdom and experience to drive value for our investors.”
Dr. Yergin is the author of several bestsellers: The Prize: the Epic Quest for Oil Money and Power, which won the Pulitzer Prize; The Quest: Energy, Security, and the Remaking of the Modern World; and Commanding Heights: The Battle for the World Economy.
Dr. Yergin founded Cambridge Energy Research Associates (CERA), which became part of what is now IHS Markit in 2004. He is a director of the Council on Foreign Relations and a trustee of the Brookings Institution. He is a member of the National Petroleum Council and a director of the United States Energy Association and the New America Foundation. He serves on the Advisory Boards of the Massachusetts Institute of Technology Energy Initiative and the Columbia University Center on Global Energy Policy and on Singapore’s International Energy Advisory Panel.
Dr. Yergin earned his bachelor’s degree from Yale University and his PhD from Cambridge University, where he was a Marshall Scholar.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $176 billion of assets under management across 127 funds and 164 fund of funds vehicles as of June 30, 2016. 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 Investment 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 1,650 people in 35 offices across six continents.