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RLJ Equity Partners hires Rufus H Rivers as managing director19/01/2007. Source: AltAssets. 
 RLJ Companies has hired Rufus H. Rivers to serve as managing director of RLJ Equity Partners, a private equity firm formed in association with The Carlyle Group.
An investor of junior capital, Rivers will be responsible for the overall strategic direction of RLJ Equity, including fund-raising, deal sourcing and portfolio management. RLJ Equity makes expansion and buy-out investments in middle-market companies, with a focus on the media, consumer products, and professional services sectors.
Rivers joins RLJ Equity Partners from The Carlyle Group where he was a managing director and Co-head of Carlyle Mezzanine Partners, a $436m fund focused on private debt and equity investments in middle-market companies.
'Rufus joining RLJ Equity allows our companies to further solidify our growing relationship,' said David M Rubenstein, co-founder of Carlyle. 'We expect his addition to the team to open up even more investment opportunities for Bob and the rest of his team.'
The RLJ Companies, founded by Robert L Johnson, founder of Black Entertainment Television, owns a portfolio of companies in the financial services, real estate, hospitality/restaurant, professional sports, film production, gaming and recording industries. The RLJ Companies' core businesses include: RLJ Development, a privately held hotel real estate investment company and RLJ Urban Lodging Funds I and II, private equity real estate funds, which together have $1bn in combined assets; RLJ Asset Management Group, which includes RLJ Select Investments, a hedge fund of funds joint venture with Deutsche Bank AG, and RLJ Equity Partners, their private equity fund formed in association with The Carlyle Group.
The Carlyle Group is a private equity firm with $46.9bn under management. Carlyle invests in buy-outs, venture and growth capital, real estate and leveraged finance in Asia, Europe and North America, focusing on aerospace and defense, automotive and transportation, consumer and retail, energy and power, healthcare, industrial, technology and business services and telecommunications and media. Since 1987, the firm has invested $24 billion of equity in 576 transactions for a total purchase price of $101.8bn.
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