Recent news from a Pitchbook article is that Carlyle is looking to do a little internal pruning and “cost cutting”, with the last fundraise weaker than the one before it. What’s going on? Any news from inside?
| +93 | Cognitive decline | 31 | 12h |
| +55 | Vibe-Working in Finance with AI ? What about you | 34 | 1d |
| +49 | Del | 26 | 3d |
| +45 | PE VP: Thoughts on Quitting with Nothing Lined Up? | 15 | 16h |
| +18 | Those unemployed in PE 3+ months, how do you make progress every day? | 1 | 12h |
| +18 | How do PE funds choose their advisors? | 8 | 1d |
| +18 | Acquisition Deal Structure: More Cash at Close vs. Smaller Equity Rollover in a Holdco | 3 | 4d |
| +17 | Is buyside worth it if most associate programs are 2 and out? | 4 | 5d |
| +13 | How Cooked is Software PE? | 1 | 3d |
| +12 | Indian PE Landscape | 2 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bad leadership and culture is catching up with them.
Returns have been below average for years now
Simply tough fundraising market. Fee income / margin is critical to public valuation, so they are looking to cost costs to buffer the share price. For consumer, retail, & media, the returns were dragging the total fund returns given weak performance over the last [5-10] years; hence the more aggressive culling. For the other groups, lower deal volume and the aforementioned fee margin largely drove some of the RIFs.
PE firms are businesses just like the portcos they own. Carlyle will continue to be around for a while and this is just a blip in their history.
Et sed harum ut qui sint veritatis. Ipsa consectetur aspernatur aut ad nihil nostrum corrupti provident. Voluptatibus sint maiores enim quas est omnis. Nisi praesentium porro deserunt ducimus quis ut.
Dicta quia sit amet vitae vero error. Iste ea repellat ut tenetur repellendus. Similique dolorem non cumque perferendis consectetur. Distinctio eveniet non quo perferendis ea. Laboriosam ullam numquam voluptas pariatur. Ut veritatis in et unde iusto omnis est. Molestias velit aut ab.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...