Latest news with #AlpInvest
Bloomberg
07-08-2025
- Business
- Bloomberg
Carlyle Sells $1.25 Billion Deal Repackaging Private Equity Fund Stakes
Carlyle AlpInvest bundled up and sold private equity fund stakes in a $1.25 billion securitization, using a complex type of deal that's grown popular with insurance companies looking to gain access to private markets. Portions of four of the Carlyle Group Inc. unit's funds, as well as a number of smaller stakes from other PE managers' buyout funds, are being bundled into a collateralized fund obligation — a deal that slices up sections of funds into bonds of varying size and risk. Carlyle AlpInvest is acquiring the collection of smaller stakes as part of the transaction, according to Mike Hacker, global head of portfolio finance at the unit.
Reuters
06-08-2025
- Business
- Reuters
Carlyle's second-quarter profit tops estimate on fee growth as AUM climbs
Aug 6 (Reuters) - Carlyle Group (CG.O), opens new tab reported a better-than-expected profit in the second quarter on Wednesday, helped by a pickup in fees as it grew its assets under management. The investment firm has been trying to advance its turnaround under CEO Harvey Schwartz, who has steered Carlyle deeper into high-growth segments such as private markets and international operations. Last week, Carlyle named three of its longtime insiders, opens new tab as co-presidents, a new role and a step some analysts said could help reinforce investors' confidence in the company. Distributable earnings, or profit that can be returned to shareholders, jumped 25.6% to $431 million, or 91 cents per share. That compares with 89 cents that analysts had expected, according to estimates compiled by LSEG. Fee-related earnings grew 18.4% to $323.3 million in the quarter. Fund management fees rose 16% and transaction and portfolio advisory fees, which Carlyle earns from arranging capital market deals for its portfolio companies and other clients, jumped 66%. Assets under management at the Washington, D.C.-based company rose 7% to $465 billion, thanks to growth in AlpInvest, Carlyle's unit for second-hand private equity funds. The secondary market has given pension funds and other private equity investors a way to sell stakes in companies at a time when elevated interest rates, sweeping U.S. tariffs and geopolitical uncertainty have hampered dealmaking. Still, market activity was accelerating, Schwartz said. The company generated $13.4 billion of fresh capital. It deployed $14.6 billion and had $89 billion available for investment at the end of the quarter. So far this year, Carlyle's shares have jumped nearly 19% compared with an 8.3% growth in the Nasdaq composite index (.IXIC), opens new tab.
Yahoo
06-08-2025
- Business
- Yahoo
Carlyle's second-quarter profit jumps on fee growth as AUM climbs
By Isla Binnie and Niket Nishant (Reuters) -Carlyle Group reported a 25.6% growth in second-quarter profit on Wednesday, helped by a pickup in fees as it grew its assets under management. The investment firm's distributable earnings, or profit that can be returned to shareholders, was $431 million, or 91 cents per share, for the three months ended June 30. That compares with $343.2 million or 78 cents per share, a year ago. The company has been trying to advance its turnaround under CEO Harvey Schwartz, who has steered Carlyle deeper into high-growth segments such as private markets and international operations. Last week, Carlyle named three of its longtime insiders as co-presidents, a new role and a step some analysts said could help reinforce investors' confidence in the company. Fee-related earnings grew 18.4% to $323.3 million in the quarter. Fund management fees rose 16% and transaction and portfolio advisory fees, which Carlyle earns from arranging capital market deals for its portfolio companies and other clients, jumped 66%. Assets under management at the Washington, D.C.-based company rose 7% to $465 billion, thanks to growth in AlpInvest, Carlyle's unit for second-hand private equity funds. The secondary market has given pension funds and other private equity investors a way to sell stakes in companies at a time when elevated interest rates, sweeping U.S. tariffs and geopolitical uncertainty have hampered dealmaking. Still, market activity was accelerating, Schwartz said. The company generated $13.4 billion of fresh capital. It deployed $14.6 billion and had $89 billion available for investment at the end of the quarter. So far this year, Carlyle's shares have jumped nearly 19% compared with an 8.3% growth in the Nasdaq composite index.
Reuters
06-08-2025
- Business
- Reuters
Carlyle's second-quarter profit jumps on fee growth as AUM climbs
Aug 6 (Reuters) - Carlyle Group (CG.O), opens new tab reported a 25.6% growth in second-quarter profit on Wednesday, helped by a pickup in fees as it grew its assets under management. The investment firm's distributable earnings, or profit that can be returned to shareholders, was $431 million, or 91 cents per share, for the three months ended June 30. That compares with $343.2 million or 78 cents per share, a year ago. The company has been trying to advance its turnaround under CEO Harvey Schwartz, who has steered Carlyle deeper into high-growth segments such as private markets and international operations. Last week, Carlyle named three of its longtime insiders, opens new tab as co-presidents, a new role and a step some analysts said could help reinforce investors' confidence in the company. Fee-related earnings grew 18.4% to $323.3 million in the quarter. Fund management fees rose 16% and transaction and portfolio advisory fees, which Carlyle earns from arranging capital market deals for its portfolio companies and other clients, jumped 66%. Assets under management at the Washington, D.C.-based company rose 7% to $465 billion, thanks to growth in AlpInvest, Carlyle's unit for second-hand private equity funds. The secondary market has given pension funds and other private equity investors a way to sell stakes in companies at a time when elevated interest rates, sweeping U.S. tariffs and geopolitical uncertainty have hampered dealmaking. Still, market activity was accelerating, Schwartz said. The company generated $13.4 billion of fresh capital. It deployed $14.6 billion and had $89 billion available for investment at the end of the quarter. So far this year, Carlyle's shares have jumped nearly 19% compared with an 8.3% growth in the Nasdaq composite index (.IXIC), opens new tab.
Yahoo
06-08-2025
- Business
- Yahoo
Carlyle's second-quarter profit jumps on fee growth as AUM climbs
By Isla Binnie and Niket Nishant (Reuters) -Carlyle Group reported a 25.6% growth in second-quarter profit on Wednesday, helped by a pickup in fees as it grew its assets under management. The investment firm's distributable earnings, or profit that can be returned to shareholders, was $431 million, or 91 cents per share, for the three months ended June 30. That compares with $343.2 million or 78 cents per share, a year ago. The company has been trying to advance its turnaround under CEO Harvey Schwartz, who has steered Carlyle deeper into high-growth segments such as private markets and international operations. Last week, Carlyle named three of its longtime insiders as co-presidents, a new role and a step some analysts said could help reinforce investors' confidence in the company. Fee-related earnings grew 18.4% to $323.3 million in the quarter. Fund management fees rose 16% and transaction and portfolio advisory fees, which Carlyle earns from arranging capital market deals for its portfolio companies and other clients, jumped 66%. Assets under management at the Washington, D.C.-based company rose 7% to $465 billion, thanks to growth in AlpInvest, Carlyle's unit for second-hand private equity funds. The secondary market has given pension funds and other private equity investors a way to sell stakes in companies at a time when elevated interest rates, sweeping U.S. tariffs and geopolitical uncertainty have hampered dealmaking. Still, market activity was accelerating, Schwartz said. The company generated $13.4 billion of fresh capital. It deployed $14.6 billion and had $89 billion available for investment at the end of the quarter. So far this year, Carlyle's shares have jumped nearly 19% compared with an 8.3% growth in the Nasdaq composite index. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
