The Carlyle Group's distressed and corporate opportunities arm, Carlyle Strategic Partners (CSP), has hired Ian Jackson for the new role of director of distressed investing in Europe.
Jackson's experience in identifying distressed opportunities and his contact book will be advantageous as the firm deploys its latest distressed fund, Carlyle Strategic Partners II, Brett Wyard, a managing director and co-head of CSP, said in a statement.
Carlyle Strategic Partners II closed in April 2008 on $1.35 billion (€860 million). Its predecessor, Carlyle Strategic Partners I, closed on $211 million in 2004 and has been fully invested.
Jackson joins the firm from Deutsche Bank where he was a senior analyst for the European Distressed Products Group in London. Prior to this Jackson spent five years working for Deutsche Bank's Japanese Distressed Products Group in Tokyo.
Carlyle, which is the largest private equity firm in the world according to the PEI 50, closed its fifth US buyout fund two weeks ago on $13.7 billion. The Carlyle Group has more than $91.5 billion under management and 64 funds across four investment disciplines: buyouts, growth capital, real estate and leveraged finance. It operates out of offices in 21 countries, targeting investment in North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America.
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