The Carlyle Group Adds Idris Mohammed as Managing Director to Sub-Saharan Africa Team

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London, UK/Johannesburg, South Africa – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Idris Mohammed has been appointed Managing Director on Carlyle’s Sub-Saharan African Fund team (CSSAF), effective immediately.

Mr. Mohammed has more than 15 years of private equity experience spanning the U.S. and Africa. He began his private equity career at Goldman Sachs in New York where he was a member of the Special Situations Group and helped build the clean energy investing business before deciding to return home to invest in Africa.

In 2007, Mr. Mohammed joined DPI at inception where he was based in London and then moved to Lagos to head that office. He helped raise two funds at DPI and led a number of acquisitions across Africa, including in Botswana, Nigeria and Egypt. Mr. Mohammed received his BSc in Industrial Engineering from Lehigh University and his MBA from the Wharton School of the University of Pennsylvania.

Mr. Mohammed is based in Lagos, Nigeria, and will focus on West and North Africa, supported by the deep, on-the-ground experience of Carlyle’s Sub-Saharan Africa team of 12 investment professionals. In his role, he will work with the team to seek out investment opportunities and partnerships across the continent, work with existing portfolio investments and help Carlyle invest wisely and create value across a range of industries.

Eric Kump, Carlyle Managing Director and Head of CSSAF, said, “We are delighted to welcome Idris to the Carlyle family. He is a well-respected and highly-experienced investor in Africa, who will help us further deploy capital across the continent. We continue to be excited about the prospects for this region and believe Idris will bring further depth and breadth to the team.

Idris Mohammed said, “I am pleased to join the CSSAF team, which was the first dedicated Africa fund by a global alternative asset manager. I believe in the huge potential for the region, and look forward to working with Carlyle and leveraging my experience and network to identify new opportunities.”

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Media Contact:

Catherine Armstrong

Tel: +44 (0) 207 894 1632

Email: catherine.armstrong@carlyle.com

About The Carlyle Group:

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $170 billion of assets under management across 299 investment vehicles as of June 30, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.

Web: www.carlyle.com

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About the Carlyle Sub-Sahara Africa (SSA) Fund:

Established in 2012 the Carlyle Sub-Saharan Africa Fund, with $698 million of committed capital, has invested over $400 million to date across a variety of industries, including logistics, agribusiness, mining services, retail and financial services, and across a variety of geographies, including Nigeria, Mozambique, Zambia, Tanzania and South Africa. The fund makes buyout and growth capital investments in private and public companies from offices in Johannesburg, South Africa and Lagos, Nigeria.

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