EFTA02380279.pdf

From: Richard Kahn > Sent: Monday, February .... To: Jeffrey E. Subject: APO Carlyle founders eat plenty of their own cooking - =loomberg Feb. 27, 2017 3:55 PM ET I About: The Carlyle Group =CG) <http://seekingalpha.com/symbol/CG> By: Stephen Alpher, SA News =ditor Carlyle Group's (NASDAQ:CG) three founders put $1.286 of their own money into the P-E company's funds over the past three years. Leading was co-CEO and CIO Bill Conway =with an average of $181.8M per year. This =ompares to the average $39.4M a year, KKR's =enry Kravis invested his company's funds, and $15.1M per year from Leon =lack at Apollo Global (NYSE:APO). Blackstone =NYSE:BX <http://seekingalpha.com/symbol/BX> ) =oesn't break the figure out. As for pay, =lackstone's Steve Schwarzman led the way with $425M in 2016; Black $131.9M; Kravis $116.1M; David Rubenstein =(Carlyle) $73.1M. "There's nothing =ore comforting to an investor than knowing a firm or fund manager is investing significant personal capital into their own fund," says David Fann, the CEO of =orreyCove Capital Partners, which advises pension plans that invest in buyout funds. "It connotes alignment, commitment and =onfidence." 1 EFTA_R1_01394329 EFTA02380279