Carlyle Iron Triangle

'Peel away the layers of factual errors and self-righteousness and all you're left with is baseless innuendo. This book should be exposed for what it is: a compilation of recycled conspiracy theories masquerading as investigative journalism,' said Chris Ullman, Carlyle's spokesman.

But Briody's account of how an upstart venture capi tal firm went from nothing to managing funds of nearly $14 billion in just 15 years, earning investors returns of around 36 per cent, is likely to reinforce the controversial image of the Carlyle Group and raise concerns about its influence in Washington and beyond.

11 September came a fear of anthrax attack. One company that benefited was Pittsburgh- based IT Group, which won a number of contracts to clean up anthrax-infected buildings, including the Hart Senate Office Building. Carlyle owned 25 per cent of the firm, which it subsequently sold on.

Carlyle - whose high-profile investors include George Soros and Saudi Arabia's Prince Alwaleed bin Talal - refutes suggestions it profits from war.