Tuesday, 31 March 2015
Last updated 2 min ago
Jul 10 2012 | 11:57am ET
The Carlyle Group has suffered another first as a publicly-listed company: the release of bad news.
The private equity giant, which went public in May, said its carry funds—those that it advises, excluding its hedge and structured credit funds—fell 2% in value during the second quarter. That, in spite of the fact that the firm's global market strategies business, including its distressed and mezzanine investments, grew by 3% over the past three months.
Energy investments were the biggest culprits, losing 5%. Buyout funds dropped 2%. Real-estate investments rose 1%.
The carry funds remain up 8% on the year and the global market strategies funds 15%.
Carlyle will report its full second-quarter results next month.
Carlyle's carry funds account for $88.5 billion of its $159 billion in assets under management.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…