The Carlyle Group acquired Diversified Global Asset Management (DGAM), a transaction completed in February 2014, structured as Acquisition; terms undisclosed.
Diversified Global Asset Management (DGAM) operates in Investment Solutions (hedge-fund solutions), is based in Toronto, Canada. Carlyle acquired Diversified Global Asset Management, a Toronto-based global manager of hedge funds with more than $6.7 billion in managed and advised assets. DGAM joined Carlyle's Solutions platform alongside AlpInvest and Metropolitan Real Estate, adding hedge-fund solutions to the fund-of-funds franchise. The deal closed in February 2014; terms were not disclosed.
Add a hedge-fund-of-funds manager to Carlyle's Solutions platform and grow assets under management in customized solutions.
Advisory firms were not disclosed for this transaction.