Global alternative asset manager The Carlyle Group has agreed to invest in two China-based companies: road transportation and delivery services provider Shanghai ANE Logistics and financial leasing company JIC Leasing. Carlyle will invest US$120 million for an undisclosed stake in ANE and US$115 million for an 18.5 percent stake in JIC. Both transactions will be structured through Carlyle Asia Growth Partners IV and are subject to customary closing conditions and regulatory approvals.