Carlyle GMS Finance Enters Into Strategic Relationship With Stifel

 David Rubenstein Carlyle

 David Rubenstein cofounder of Carlyle / Getty

Stifel Financial Corp. (NYSE:SF) announced that it has entered into a strategic relationship whereby Stifel and Carlyle GMS Finance, Inc., a business development company focused on senior debt investment in middle-market companies recently formed by affiliates of The Carlyle Group (NASDAQ:CG) , will mutually refer middle-market opportunities to each other. As part of the strategic relationship, Stifel has made an investment in Carlyle GMS Finance.

“We are excited to enter into this relationship with Carlyle GMS Finance, given our middle-market client focus. Our relationship will enhance deal flow opportunities for both parties, ” said Ronald J. Kruszewski, Chairman, President and CEO of Stifel Financial Corp.

Ken Kencel, Managing Director and the President of Carlyle GMS Finance, commented, “Our relationship with Stifel will greatly enhance our deal sourcing capabilities by providing us with access to proprietary investment opportunities.”

Stifel Financial Corp. (NYSE:SF) is a financial services holding company headquartered in St. Louis, Missouri that conducts its banking, securities, and financial services business through several wholly owned subsidiaries.

 

Carlyle Group founded in 1987 as an investment banking boutique by five original partners with backgrounds in finance and government: William E. Conway, Jr.,  Stephen L. Norris,  David M. Rubenstein, Daniel A. D’Aniello and Greg Rosenbaum. An American-based global asset management firm, specializing in private equity.

As of December 31, 2012, Carlyle had $170 billion in assets under management across 113 funds and 67 fund of fund vehicles. The firm has more than 1, 400 employees including 650 investment professionals, with offices in 33 countries globally. Carlyle has investments in over 200 companies and more than 250 real estate investments. Carlyle’s portfolio companies employ more than 650, 000 people worldwide. The firm has over 1, 500 limited partners in 75 countries.

Carlyle was ranked as the third largest private equity firm in the world. It had been ranked first in the 2007 listing.

 

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