The Carlyle Group, the global asset manager with about $159 billion in assets under management, has decided to back executives at The TCW Group in a purchase that would garner “approximately 40%” interest from its Paris-based parent company.

While the terms of the transaction were not disclosed, it was highlighted today that “TCW management and employees,” along with the help the alternative investment firm, increased ownership stake from Societe Generale. The announcement listed that this helps to better align “interests with clients.” The deal is slated to close at the end of 2013’s first quarter.

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