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Carlyle Group — Oakwood GA Warehouse Seller, 22 Admin Officials Hold Investments

Private equity Washington, DC

The Oakwood GA Sale

  • Seller entity: CRP/AI Oakwood Owner LLC (Carlyle Group + Alliance Industrial)
  • Location: Oakwood, GA (Hall County)
  • DHS purchase price: $68.2 million
  • Markup: Unknown (prior valuation not yet documented)
  • Planned capacity: ~1,500 beds

22 Trump Administration Officials with Carlyle Investments

Source: ProPublica Trump Team Financial Disclosures, April 8, 2026.

Critical Conflicts (Procurement-Adjacent)

Todd Newnam — Special Advisor, Treasury ($26M)

  • Former Carlyle Group employee — Carlyle 401(k), Carlyle carried interest, Carlyle Realty Coinvestment VI
  • Previously compensated by The Carlyle Group
  • A Carlyle insider now serving in the administration while Carlyle sells warehouses to DHS

Elbridge A. Colby — Under Secretary for Defense Policy, DOD ($8.9M)

  • Holds Carlyle Partners V
  • DOD Under Secretary for Policy oversees defense policy including military role in immigration enforcement
  • DOD administers WEXMAC-TITUS, the contract vehicle through which ICE warehouses are purchased

Multiple Carlyle Fund Holders

Stacey Feinberg — Ambassador to Luxembourg ($73M)

  • Carlyle Energy Credit Opps II
  • Carlyle Group Inc stock
  • Carlyle U.S. Equity Opportunity Fund
  • Also holds GEO Group stock — triple Carlyle + GEO exposure

Joseph Popolo — Ambassador to Netherlands ($169M)

  • Carlyle CLO Partners Onshore, L.P.
  • Also holds extensive Blue Owl investments (see blue-owl-33-admin-investors)

John Figueroa — Senior Advisor, VA ($57M)

  • CARLYLE OPPORTUNITIES ACCESS LLC (liability/fund investment)
  • Also holds Goldman Sachs liabilities

Kevin J. Lilly — Principal Deputy Asst Sec for Fish & Wildlife/NPS, Interior ($20M)

  • Avalon Carlyle Private Equity Fund

Stock Holders

NameRoleAgency
Nicholas A. MerrickAmbassador to Czech RepublicState
Michael MolinaPrincipal Deputy Asst Admin, EPAEPA
George H. McMasterDirector of Policy PlanningTreasury
Jeffrey A. BartosUN RepresentativeState
Kimberly GuilfoyleAmbassador to GreeceState
Arjun ModyDeputy CommissionerSSA
Rachel Oglesby (spouse)Chief of StaffEducation
Jennifer ThorntonGeneral CounselUSTR
Gustav ChiarelloAsst Sec Financial ResourcesHHS
Paul M. DabbarDeputy SecretaryCommerce
David R. FitzgeraldActing Under Sec of ArmyDOD
Benjamin BlackCEODFC
Paul AtkinsChairmanSEC
Lev A. KrutzDeputy Asst Sec ManufacturingCommerce
Somers FarkasAmbassador to MaltaState
Jacob HelbergUnder Sec of StateState

The Overlap Pattern

Officials who hold investments in BOTH Carlyle AND Blue Owl:

  • Joseph Popolo (Netherlands) — Carlyle CLO Partners + Blue Owl Capital Diversified Holdings
  • David R. Fitzgerald (Acting Under Sec Army) — Carlyle Tactical Private Credit + Blue Owl Credit
  • Arjun Mody (SSA Deputy Commissioner) — Carlyle Group stock + Blue Owl Credit Income
  • Benjamin Black (DFC CEO) — Carlyle Group stock + Blue Owl Capital stock
  • Somers Farkas (Malta) — Carlyle stock + Blue Owl stock

Multiple administration officials hold investments in two or more firms that sold warehouses to DHS.

Sources

This research is published at The RAMM — investigative reporting on the detention pipeline.
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Last updated: Apr 8, 2026