Wednesday, 27 May 2015
Last updated 2 hours ago
Apr 29 2011 | 1:23pm ET
The Carlyle Group's first-quarter distribution to investors was the largest in the history of the private equity giant.
Washington, D.C.-based Carlyle told investors in an April 15 letter that it had distributed more than $6.4 billion to investors. The firm said its private equity holdings had increased in value by 10% in the first quarter and are up 46% over the past year, Bloomberg News reports.
By contrast, Carlyle distributed just $7.5 billion to investors all of last year.
In addition to announcing the record-setting distribution, Carlyle told investors it had committed or invested $4.5 billion in a dozen deals during the quarter.
"Now is an opportune time to put capital to work," Carlyle founders William Conway, Daniel D'Aniello and David Rubenstein wrote.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…