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

  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

Business Wire

LOS ANGELES & WASHINGTON -- January 16, 2013

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

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

“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

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.


Peter Viles, 213-244-0509
APCO Worldwide
Kamilia Butler-Peres, 202-478-3588
Elizabeth Gill, +1 202-729-5385
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