A New Managing Director at Carlyle Group
The Carlyle Group, a private equity firm managing more than $10 billion, said today that it had hired Robert Grady, a former Robertson, Stephens investment banker, as a managing director in venture capital.
Carlyle is expanding its staff as it prepares to raise its second United States venture capital fund later this year, probably raising $750 million to $1 billion. Its first fund, Carlyle Venture Partners I, was $250 million, which included $40 million from the billionaire George Soros.
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International financier George Soros invested $100 million in them [Carlyle Group],
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