• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

ACME NEWS ONLINE

The Pinnacle of Online News Reporting

ACME NEWS ONLINE
The Pinnacle of Online News

  • Home
  • US
  • BUSINESS
  • LIFESTYLE
  • REAL ESTATE
  • TECH/SCIENCE
  • About/Contact

Carlyle Group tallies 6.2% quarterly gain in AUM

July 30, 2021 by Staff Reporter

The Carlyle Group on Thursday reported $276 billion in assets under management as of June 30, a 6.2% increase from $260 billion at the end of the prior quarter and up 24.7% from $221.4 billion a year ago.

During an earnings call, also Thursday, CEO Kewsong Lee said that the firm’s goal was to “think bigger, perform better and move faster.”

Timelines for fundraising, capital deployment and exits have been sped up, in part due to new processes adopted as a result of the pandemic, he said. Some of the new processes, such as how Carlyle executives conduct transactions, would remain in place after the COVID-19 crisis subsides, because they are more efficient, Mr. Lee said in response to an analyst’s question.

“We have conviction and can move faster,” while still continuing to have “great investment judgment,” he said.

For example, the investment periods are compressing, from a five-year time horizon to four years or less in some “high velocity” sectors, he said. “None of this matters if you don’t perform well,” Mr. Lee added.

View Original Source

Filed Under: REAL ESTATE

Primary Sidebar

More to See

Ecommerce Sales Spike to Record. Retail Sales ex Gas Stations, ex Auto Dealers Jump to Record. Plunging Price of Gasoline & Shortage of New Vehicles Dog those Retailers

No, consumers didn’t suddenly flock back to the mall. That was just a media joke. They bought online more than ever. Sales at department stores … [Read More...] about Ecommerce Sales Spike to Record. Retail Sales ex Gas Stations, ex Auto Dealers Jump to Record. Plunging Price of Gasoline & Shortage of New Vehicles Dog those Retailers

‘Severe’ Housing Slump Possible With 15 Percent Price Drop: Fitch

… [Read More...] about ‘Severe’ Housing Slump Possible With 15 Percent Price Drop: Fitch

Vertical construction begins at Forsyth Commerce Center | Business News

FORSYTH COUNTY, Ga. — Construction on a 94-acre industrial development along Ga. 400 in south Forsyth County recently entered a new phase, as builders … [Read More...] about Vertical construction begins at Forsyth Commerce Center | Business News

Privacy Policy | Terms and Conditions | About/ Contact
Copyright © 2022 · SLD Chicago . Log in