The Carlyle Group related stories
All articles and analysis
Lehman to sell private equity, real estate operationsAnnouncing plans to save the investment bank from collapse, Lehman Brothers has confirmed speculation it will sell a majority stake in its investment management unit, which includes Lehman Brothers Merchant Banking, Lehman Brothers Real Estate and groups managing venture capital, infrastructure, credit and funds of funds.
- Term for ‘sorry’
Carlyle is making up for losses with some burned investors, reveals David Snow.
- Onex Fund III hits halfway mark in $4.5bn fundraise
The publicly traded Canadian buyout firm expects to hold a final close on its third mega-fund in early 2009. CEO Gerald Schwartz has said despite having done no deals in the second quarter, Onex sees attractive opportunities and is not discouraged by credit conditions.
- Appealing to LPs
Fortress' and Blackstone’s second quarter earnings results offer a glimpse into how firms are responding to a slowing fundraising pace, writes Matt Levin.
- Carlyle-backed hedge fund to liquidate
Just months after its Euronext-traded Carlyle Capital fund folded, the private equity firm is shutting down an affiliated hedge fund. It backed away from its previous hedge fund strategy, a fund of hedge funds, in 2003.
- Apollo, Blackstone to acquire $13bn in LBO loans
The private equity mega-firms have agreed to purchase some $8bn in debt from Royal Bank of Scotland in addition to $5bn in debt related to the $18bn buyout of Clear Channel by Bain Capital and Thomas H Lee.
- Unions launch global protest against private equity
The US’ largest union of long-term care workers, the Service Employees International Union, launched its ‘global day of action’ today targeting Kohlberg Kravis Roberts, pension funds and politicians in support of the buyout industry. Unite, the largest union in Britain, also joined the cause.
- Investment banking revenue from private equity down 68%
Fees generated from private equity-sponsored buyouts and other transactions are at their lowest level since 2003; First Reserve replaces Blackstone as the top revenue source for investment banks.
- Private equity real estate H1 fundraising beats 2007 pace
Private equity real estate firms globally raised $40bn during the first half of 2008, according to proprietary data from sister publication PERE Magazine. This tally puts GPs on course to raise more than the record-breaking totals of last year.
- Carlyle taps Wachovia treasurer
The global buyout giant continues its high-profile hiring spree with the addition of James Burr to its financial services unit, which is reportedly raising a fund targeting more than $1bn.