About This Deal

The Carlyle Group acquired Diversified Global Asset Management (DGAM), a transaction completed in February 2014, structured as Acquisition; terms undisclosed.

Diversified Global Asset Management (DGAM) operates in Investment Solutions (hedge-fund solutions), is based in Toronto, Canada. Carlyle acquired Diversified Global Asset Management, a Toronto-based global manager of hedge funds with more than $6.7 billion in managed and advised assets. DGAM joined Carlyle's Solutions platform alongside AlpInvest and Metropolitan Real Estate, adding hedge-fund solutions to the fund-of-funds franchise. The deal closed in February 2014; terms were not disclosed.

Add a hedge-fund-of-funds manager to Carlyle's Solutions platform and grow assets under management in customized solutions.

Deal Terms

Acquirer
The Carlyle Group
Target
Diversified Global Asset Management (DGAM)
Value
Not disclosed
Date
February 2014
Type
Acquisition
Status
Ready

Transaction Details

Target HQ
Toronto, Canada
Segment
Investment Solutions (hedge-fund solutions)
Structure
Acquisition; terms undisclosed
Closed
February 1, 2014

Advisors

Advisory firms were not disclosed for this transaction.

Sources: Press release ↗ · SEC filing ↗

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