Monday, 27 April 2015
Last updated 6 hours ago
Aug 8 2012 | 12:37pm ET
The Carlyle Group said the second quarter was its best for fundraising in four years as it announced a 29% increase in distributable earnings.
The private equity giant took in $3.9 billion during the three months from April to June. Washington, D.C.-based Carlyle added that it was on track to raise $10 billion for its latest fund.
"The nearly $4 billion in new capital we raised this quarter reflects the expected pick-up in fundraising as our sixth U.S. buyout fund began to close on new commitments," co-CEO David Rubenstein said.
The firm said it invested $1.4 billion during the second quarter. But while distributable earnings rose to $115 million, a 2% decline in the value of Carlyle's private equity portfolio sent the firm to a $57 million net loss on the quarter, compared to a $237 million profit in the year-earlier period.
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…