THE CARLYLE GROUP INC.

(CG)
  Report
Delayed Nasdaq  -  04:00 2022-08-11 pm EDT
34.35 USD   -2.83%
08/10Carlyle Secured Lending Misses Q2 Earnings Forecast
MT
08/10CARLYLE : Partners with Tillman Global Holdings, Commits up to $1 Billion to Accelerate Investments in US Towers
PU
08/10NineDot Energy Launches Community-scale Bronx Battery Energy Storage Site
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Carlyle : announces ESG-linked credit facility in Europe at €2.3 billion tied to advancing board diversity and other ESG targets

09/07/2021 | 04:02am EDT

Carlyle announces ESG-linked credit facility in Europe at €2.3 billion tied to advancing board diversity and other ESG targets

Revolving credit facility to support Carlyle's goal of 30% board diversity across its European portfolio, along with carbon footprinting targets and ESG training for Carlyle board directors

London, UK, 07 September 2021 - Global investment firm Carlyle (NASDAQ: CG) today announced it has secured a €2.3 billion ESG-linked credit facility for its European private equity and real estate platform, to support the firm's 30% board diversity target, and to address climate change and achieve better ESG outcomes through training. The new facility represents the next step in Carlyle's ongoing commitment in Europe to drive further positive ESG change.

Earlier this year, Carlyle secured the largest ESG-linked private equity credit facility in the US for $4.1 billion which was the industry's first facility to focus exclusively on advancing board diversity. The European facility builds on this example and reaffirms Carlyle's commitment to working alongside its portfolio companies to achieve its 30% board diversity goal, with near-term step-up targets. Carlyle recognises that board diversity contributes to more deliberative decision-making processes and more effective governance. The firm's own research has shown that the average earnings growth of Carlyle portfolio companies with two or more diverse board members is approximately 12% greater per year than companies that lack diversity.

In addition to diversity, this new European facility is linked to two other important sustainability goals:

  • tackling climate change by having more accurate and comprehensive measurements of greenhouse gas emissions across all portfolio companies
  • improving ESG outcomes through better governance by providing ESG-competent board training for all Carlyle board directors

Kewsong Lee, CEO at Carlyle, said: 'For many years Carlyle has been driving significant progress on board diversity in our portfolio companies on a global basis, recognising the correlation with strong financial decisions and performance. This European ESG-linked credit facility closely follows that of our Americas private equity platform, and together represent a significant moment in Carlyle's strategy to reinforce our commitment to achieving greater diverse board-level representation.'

Megan Starr, Global Head of Impact, said: 'We are proud that Carlyle is a pioneer in integrating ESG considerations into the financing arrangements of portfolio companies in Europe and the US. In aggregate this represents approximately $10 billion in financings for our US and European private equity funds and illustrates an important milestone in our journey to align successful investment and sustainability outcomes, and deliver long-term value and positive change for all stakeholders.'

NatWest Markets arranged the facility as Lead Arranger and Facility Agent and Crédit Agricole Corporate and Investment Bank acted as ESG Coordinator and Agent.

ENDS

Notes to Editors

  • In May 2021, AlpInvest, part of Carlyle's Investment Solutions business, secured an ESG-linked credit facility for its $3.5 billion Co-Investment Fund VIII.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $276 billion of assets under management as of June 30, 2021, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs nearly 1,800 people in 27 offices across five continents. Further information is available at carlyle.com. Follow Carlyle on Twitter @OneCarlyle.

Media

Andrew Kenny

+44 7816 176120

andrew.kenny@carlyle.com

Disclaimer

The Carlyle Group LP published this content on 07 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2021 08:01:05 UTC.


© Publicnow 2021
All news about THE CARLYLE GROUP INC.
08/10Carlyle Secured Lending Misses Q2 Earnings Forecast
MT
08/10CARLYLE : Partners with Tillman Global Holdings, Commits up to $1 Billion to Accelerate In..
PU
08/10NineDot Energy Launches Community-scale Bronx Battery Energy Storage Site
AQ
08/10CARLYLE : Appoints David McCann as Interim Global Head of Investor Relations
PU
08/10NORTH AMERICAN MORNING BRIEFING : Caution -2-
DJ
08/10NEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
08/09Carlyle Secured Lending, Inc. Announces Second Quarter 2022 Financial Results and Incre..
AQ
08/09Jefferies Downgrades Carlyle Group to Hold from Buy, Lowers Price Target to $38 From $5..
MT
08/09TPG quarterly earnings more than triple on fee growth, asset sales
RE
08/09NORTH AMERICAN MORNING BRIEFING : Stocks to Struggle as Investors Look Ahead to Latest CPI..
DJ
More news
Analyst Recommendations on THE CARLYLE GROUP INC.
More recommendations
Financials (USD)
Sales 2022 4 287 M - -
Net income 2022 1 476 M - -
Net cash 2022 5 356 M - -
P/E ratio 2022 8,28x
Yield 2022 3,75%
Capitalization 12 412 M 12 412 M -
EV / Sales 2022 1,65x
EV / Sales 2023 1,08x
Nbr of Employees 1 850
Free-Float 65,9%
Chart THE CARLYLE GROUP INC.
Duration : Period :
The Carlyle Group Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE CARLYLE GROUP INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 34,35 $
Average target price 52,93 $
Spread / Average Target 54,1%
EPS Revisions
Managers and Directors
Kewsong Lee Chief Executive Officer & Director
Curtis L. Buser Chief Financial Officer
William E. Conway Non-Executive Co-Chairman
David M. Rubenstein Non-Executive Co-Chairman
Michael Haas Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
THE CARLYLE GROUP INC.-37.43%12 773
BLACKSTONE INC.-16.58%75 739
KKR & CO. INC.-25.50%47 721
LEGAL & GENERAL PLC-5.48%20 438
FRANKLIN RESOURCES, INC.-15.23%14 148
ARES MANAGEMENT CORPORATION-8.16%13 097