The Carlyle Group, with some $85 billion under management, is one of the world's largest private investment firms. Undertakings include management-led buyouts, minority equity investments, real estate, venture capital, and leveraged finance opportunities in the energy and power, consumer and retail, and technology and business services industries. Other sectors it focuses on include financial services, health care, infrastructure, aerospace and defense, automotive, transportation, telecommunications, and media. Since its founding in 1987, The Carlyle Group has made some 900 investments; it maintains offices in about 20 countries and oversees more than 60 private equity, real estate, and leveraged buyout funds.