Buyout firm Carlyle Group accepted $118 million from the biggest sovereign-wealth fund in Libya, demonstrating the North African nation’s success in courting asset managers and banks after persuading Western politicians that it had dropped ties to terrorism.
Carlyle, whose advisers have included former U.S. President George H.W. Bush and former Defense Secretary Frank Carlucci, received $75.5 million for its Carlyle-Partner V Fund, according to a document released today by Global Witness, a London-based advocacy group……………………………………….Full Article: Source