TCW, EIG, Carlyle Reach Agreement, Clearing Way for Closing of

TCW, EIG, Carlyle Reach Agreement, Clearing Way for Closing of
Transaction 
EIG Fully Supports Carlyle and Management Acquisition of TCW and Will
Assist in Securing Investor Consents 
LOS ANGELES, CA and WASHINGTON, DC -- (Marketwire) -- 01/16/13 -- 
The TCW Group (TCW), an international asset management firm, EIG
Global Energy Partners ("EIG"), a leading institutional investor to
the global energy sector, and global alternative asset manager The
Carlyle Group (NASDAQ: CG) today jointly announced an agreement under
which EIG is now supportive of the acquisition of TCW by investment
funds affiliated with Carlyle and TCW management.  
Under terms of the agreement, EIG is publicly supporting -- and will
assist TCW in securing investor consents for -- the transaction. TCW
will maintain its economic interest in existing EIG-managed funds,
while EIG will assume full management responsibility for the Funds as
general partner and investment manager. EIG will acquire TCW's
economic interest in future EIG-managed Funds, completing the
consensual spin-off from TCW that was announced in January 2011. The
TCW-Carlyle transaction remains on track to close in the near future. 
"We are very pleased to have reached this agreement to move forward
together with EIG in support of the Carlyle transaction," said David
Lippman, TCW President and CEO. "The agreement protects the interests
of investors in the Energy Funds, allows TCW to maintain its economic
interest in the existing Funds, and guarantees that EIG's investment
team will continue to manage the Funds as it has in the past."  
Said EIG Founder Blair Thomas, "We are supportive of TCW's
acquisition by Carlyle and TCW management and will assist in its
completion. With this agreement, the interests of our Fund investors
are fully protected and the same professionals will continue to
manage the Funds. This completes our consensual spin-off from TCW,
begun two years ago, and we are excited to move forward as a fully
independent company." 
Carlyle Managing Director Olivier Sarkozy said, "This agreement is a
win for everyone involved and we are pleased to move forward to
closing. TCW is a great company and we look forward to partnering
with management in TCW's new chapter as an independent asset
manager." 
About TCW
 Founded in 1971, The TCW Group, Inc. develops and manages
a broad range of innovative, value-added investment products that
strive to enhance and protect clients' wealth. The firm has
approximately $138 billion in assets under management, including $50
billion in mutual funds under the MetWest and TCW Fund families. TCW
clients include many of the largest corporate and public pension
plans, financial institutions, endowments and foundations in the
U.S., as well as a substantial number of foreign investors and high
net worth individuals. For more information, please refer to
www.tcw.com. 
About EIG
 EIG is a leading institutional investor to the global
energy sector with $10.3 billion under management as of September 30,
2012. EIG specializes in private investments in energy, resources and
related infrastructure and was formerly the Energy & Infrastructure
Group of Trust Company of the West. During its 30-year history, EIG
has invested over $14 billion in the sector through more than 290
projects or companies in 33 countries on 6 continents. EIG's clients
include many of the leading pension plans, insurance companies,
endowments, foundations and sovereign wealth funds in the U.S., Asia
and Europe. EIG is headquartered in Washington, DC, with offices in
Houston, London, Sydney, Hong Kong, Seoul and Rio de Janeiro. 
About The Carlyle Group
 The Carlyle Group (NASDAQ: CG) is a global
alternative asset manager with $157 billion of assets under
management across 101 funds and 64 fund of fund vehicles as of
September 30, 2012. Carlyle's purpose is to invest wisely and create
value on behalf of our investors, many of whom are public pensions.
Carlyle invests across four segments -- Corporate Private Equity,
Real Assets, Global Market Strategies and Fund of Funds 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, financial services, healthcare, industrial,
technology & business services, telecommunications & media and
transportation. The Carlyle Group employs 1,300 people in 32 offices
across six continents. www.carlyle.com www.youtube.com/onecarlyle
www.twitter.com/onecarlyle 
Contacts:
TCW 
Peter Viles
(213) 244-0509
Peter.viles@tcw.com 
EIG - APCO Worldwide
Kamilia Butler-Peres
(202) 478-3588
kperes@apcoworldwide.com 
Carlyle - Media
Elizabeth Gill
+1(202) 729-5385
Elizabeth.gill@carlyle.com 
 
 
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