Global investment firm
Distributable earnings rose to a record
PE firms like Carlyle have benefited from the economy reopening post-pandemic and historically low interest rates. This combination has sent mergers and acquisitions to new record highs, and allowed buyout groups to cash in high on selling investments.
It comes after rival US giant
Carlyle also raised
The
Chief executive officer
He was also positive about the future of the group’s improved credit business, due to the “potential for increased market volatility or higher interest rates” in the near future.
Chief Financial Officer
“The growth there has been significant,” Buser said. “We’ve doubled AUM over the past couple of years. The annual rate of growth in AUM has generally been around 20 per cent.”
“And if you look at the fundraising, it’s very consistent,” he added.
Carlyle ended the quarter with a record assets under management of
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