Former SEC Chairman Arthur Levitt to Join The Carlyle Group

Apr 30, 2001, 01:00 ET from The Carlyle Group

    WASHINGTON, April 30 /PRNewswire/ -- Arthur Levitt, the former chairman of
 the Securities and Exchange Commission (SEC), is joining The Carlyle Group, a
 leading global investment firm.
     Mr. Levitt, who was the longest serving SEC chairman in history, will act
 as senior advisor to Carlyle on a variety of matters relating to the firm's
 private equity investment activities.  He will join Carlyle on May 1st.
     "Arthur Levitt has had an extraordinarily distinguished career in both
 business and government.  As Chairman of the SEC, he demonstrated his strong
 leadership skills and his deep concerns about the importance of investor
 protections," Carlyle chairman Frank Carlucci said in making the announcement.
 "We are very fortunate to have Arthur affiliating with Carlyle, and we are
 confident that he will make a significant contribution to the firm."
     The 25th chairman of the SEC, Mr. Levitt served from 1993 through March of
 this year.
     In accepting the position, Mr. Levitt stated his longtime admiration for
 Carlyle's accomplishments.  "I have known a number of the principals of
 Carlyle for many years, admire what they have built in the private equity
 area, and look forward to working in a professional capacity with them and
 their colleagues."
     Before joining the SEC, Mr. Levitt served, from 1989 to 1993, as chairman
 of the New York City Economic Development Corporation and, from 1978 to 1989,
 as chairman of the American Stock Exchange.
     Prior to joining the American Stock Exchange, Mr. Levitt worked for
 sixteen years on Wall Street.  He graduated Phi Beta Kappa from Williams
 College in 1952 prior to serving two years in the United States Air Force.
     In related news, Afsaneh Beschloss, until recently treasurer and chief
 investment officer of the World Bank, also joins Carlyle as a managing
 director and partner May 1st.
 
     Carlyle, headquartered in Washington, D.C., is one of the world's largest
 private equity firms, managing more than $13 billion through twelve different
 funds operating in the United States, Europe, Asia, and Japan.  Since its
 inception in 1987, Carlyle has invested $5.5 billion of equity capital and
 achieved a 34% internal rate of return on that capital.
 
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SOURCE The Carlyle Group
    WASHINGTON, April 30 /PRNewswire/ -- Arthur Levitt, the former chairman of
 the Securities and Exchange Commission (SEC), is joining The Carlyle Group, a
 leading global investment firm.
     Mr. Levitt, who was the longest serving SEC chairman in history, will act
 as senior advisor to Carlyle on a variety of matters relating to the firm's
 private equity investment activities.  He will join Carlyle on May 1st.
     "Arthur Levitt has had an extraordinarily distinguished career in both
 business and government.  As Chairman of the SEC, he demonstrated his strong
 leadership skills and his deep concerns about the importance of investor
 protections," Carlyle chairman Frank Carlucci said in making the announcement.
 "We are very fortunate to have Arthur affiliating with Carlyle, and we are
 confident that he will make a significant contribution to the firm."
     The 25th chairman of the SEC, Mr. Levitt served from 1993 through March of
 this year.
     In accepting the position, Mr. Levitt stated his longtime admiration for
 Carlyle's accomplishments.  "I have known a number of the principals of
 Carlyle for many years, admire what they have built in the private equity
 area, and look forward to working in a professional capacity with them and
 their colleagues."
     Before joining the SEC, Mr. Levitt served, from 1989 to 1993, as chairman
 of the New York City Economic Development Corporation and, from 1978 to 1989,
 as chairman of the American Stock Exchange.
     Prior to joining the American Stock Exchange, Mr. Levitt worked for
 sixteen years on Wall Street.  He graduated Phi Beta Kappa from Williams
 College in 1952 prior to serving two years in the United States Air Force.
     In related news, Afsaneh Beschloss, until recently treasurer and chief
 investment officer of the World Bank, also joins Carlyle as a managing
 director and partner May 1st.
 
     Carlyle, headquartered in Washington, D.C., is one of the world's largest
 private equity firms, managing more than $13 billion through twelve different
 funds operating in the United States, Europe, Asia, and Japan.  Since its
 inception in 1987, Carlyle has invested $5.5 billion of equity capital and
 achieved a 34% internal rate of return on that capital.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X62278118
 
 SOURCE  The Carlyle Group