Wednesday, 1 October 2014
Last updated 9 hours ago
Nov 25 2013 | 1:49pm ET
The Carlyle Group has raised $13 billion for its sixth U.S. buyout fund.
The firm said today that it had garnered 30% more than the $10 billion target it set two years ago. Carlyle Capital Partners VI is the Washington, D.C.-based firm's first U.S. private-equity fund since the financial crisis.
Some $1 billion of the money comes from Carlyle itself, its employees and its advisers.
"We are grateful for the support of our fund investors, many of whom are repeat investors," Carlyle U.S. buyout group co-head Allan Holt said. "We will take good care of their money as we work to invest wisely and create value."
The new fund is slightly smaller than Carlyle's fifth U.S. fund, which closed in 2008 with $13.7 billion. Investors had sought to commit $14 billion to the sixth fund, but Carlyle turned down the final $1 billion.
For its part, the fifth fund has enjoyed a 13% net internal rate of return through the end of September.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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