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Carlyle raises $10.4bn in second quarter as pursues largest ever private equity fund

City AM logo City AM 29/07/2021 Amy O'Brien
David Rubenstein wearing a suit and tie © Provided by City AM

Global investment firm The Carlyle Group took in $10.4bn from investors in the second quarter and nearly doubled its earnings, as it looks to raise what would represent the industry’s biggest ever buyout fund.

Carlyle posted robust second quarter distributable earnings growth on Thursday, rising to $395.4m from $198.4m in the same period last year.

This translated to earnings per share of 88 cents, sprinting past average analyst expectations of 60 cents, according to Refinitiv data.

Assets under management rose 12 per cent on the year to date to £276bn, and its fee-earning assets under management broke records at $175bn.


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The buyout group raised $10.4bn in the quarter, bringing its total fundraising for the year-to-date to $18.2bn. It comes a week after it emerged that the firm was chasing a target of $27bn for its latest flagship fund, in what would represent the industry’s biggest ever private equity fund.

“The firm’s momentum continues to build, which gives us confidence in our accelerating growth and

earnings,” said Carlyle CEO Kewsong Lee.

“We are thinking bigger, moving faster and performing better to generate attractive results for all

stakeholders.”

The post Carlyle raises $10.4bn in second quarter as pursues largest ever private equity fund appeared first on CityAM.

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