Reply #7: Carlyle Grp setting up investment team to focus on US projects, i.e. ports

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Fri Mar 10, 2006 1:38 PM GMT NEW YORK, March 10 (Reuters) - Carlyle Group, a private equity group, said on Friday it was setting up an infrastructure investment team focused on investing in projects in the United States.

The initial team of eight will be co-headed by Robert Dove, former executive vice president at Bechtel Enterprises, and Barry Gold, former managing director and co-head of the structured finance group at Citigroup/Salomon Smith Barney.

Carlyle said the team begins work next Monday and will look at investing in transportation and water facilities, airports, bridges, ports, stadiums and other public infrastructure.

"The proven use of public-private partnerships and concessions in the UK and on continental Europe is now emerging as a means of financing U.S. infrastructure," said Dove in statement.

Carlyle said its infrastructure team will invest mainly in U.S. infrastructure in deals ranging from $100 million to more than $1 billion. ...more...

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