The Carlyle Group has completed the acquisition of Toronto-based Diversified Global Asset Management Corp. (DGAM), a global manager of hedge funds with more than US$6.7 billion ($7.4 billion) in managed and advised assets.
DGAM will join Carlyle’s solutions platform alongside AlpInvest Partners, a global private equity fund of funds business and Metropolitan Real Estate Equity Management, LLC, a global real estate multi-manager.
Established in 2004, DGAM is an independent alternative investment manager and advisor.
Founders George Main, Warren Wright, Graham Thouret and Jeff Lucassen continue with the firm. DGAM’s client base is 100% institutional and includes some of the world’s largest and most sophisticated public and private pension funds, endowments and sovereign wealth funds.
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