The Carlyle Group

Today, we announced the final close of our third Carlyle Credit Opportunities Fund (“CCOF III”), with $7.1billion in investable capital, Carlyle’s largest credit fundraise to date. CCOF III is nearly 30% larger than its predecessor fund and saw demand from a variety of large, sophisticated global institutions, including new and existing CCOF investors. The global economy is in a period of prolonged transformation and our Credit Opportunities strategy is well-positioned to expand its reach and provide timely, strategic capital to companies navigating complex situations. This successful fundraise will further support the growth of Carlyle’s #GlobalCredit platform, which has been Carlyle’s fastest-growing business segment over the past five years. “We have become a trusted partner to many successful family and entrepreneur-owned businesses and have been a contributing factor in their ongoing success. Our long-standing sourcing relationships and rigorous approach to due diligence and credit selection help enable us to selectively structure bespoke solutions that can generate attractive risk-adjusted returns in strong businesses that are otherwise not for sale.” - Alexander Popov, Head of Private Credit at Carlyle Read our press release to learn more: http://spr.ly/6042Qdz5y

We are honored that Piyush Goyal, India’s Minister of Commerce and Industry, met with Amit Jain, Managing Director & Head of Carlyle India, this week in New Delhi. They had the opportunity to discuss developments in the #PrivateEquity industry, Carlyle’s longstanding history investing in #India, and how the private equity industry can play a role in contributing to the country’s growth. Thank you for the opportunity to share our views, Minister Goyal. India is a key market for Carlyle, and we look forward to continuing to invest in India’s long-term growth.

ICYMI: Our Carlyle Convoy cruised through San Francisco last month, offering passengers an exclusive first look at Carlyle ConnectED—our new education hub designed to empower financial advisors and their clients to Access the Power of Private Markets. From navigating complexity to driving results for investors, Carlyle Global Wealth is your partner on the road. We’re on the move—join us for the ride. https://lnkd.in/eqeSJgMN #CarlyleGlobalWealth #ConnectED #AccessThePower #PrivateMarkets

Jason Thomas, Carlyle’s Head of Global Research & Investment Strategy, has released his latest paper, “Switched On: The Deal Rebound & Its Implications.” In this piece, he explores how shifting interest rate expectations, and the resolution of political uncertainties are set to potentially reignite M&A activity. Highlighting the interplay between credit market dynamics and private equity, Jason outlines why the current environment could unlock opportunities across private markets. Read below or download the full report here: http://spr.ly/6043Qtfa3 #AccessThePower #PrivateMarkets #ConnectED

Today we announced the sale of Forgital Group to Stonepeak. Founded in 1873 by the Spezzapria family and headquartered in Italy, Forgital is a leading integrated European manufacturer specialising in rolled rings with technologically advanced manufacturing capabilities. During its ownership period, Carlyle worked in partnership with the company’s leadership to expand and institutionalise the management team, reposition the business during the significant impact of Covid-19, improve procurement and functional processes, significantly grow the order book and diversify the customer base, and gain customers in new verticals. Marco De Benedetti, Chairman of Italy at Carlyle, said: “We are pleased to have supported Forgital through such a transformative period for the business. As a result of the investment, partnership, and the team’s sector expertise, we believe Forgital is well-placed to capitalise from long-term growth in its key end markets of aerospace & defense and industrial applications, and I have no doubt the business will continue to build upon its strong position today as a European leader in specialised forged products.” Read more: http://spr.ly/6049QqETX

Carlyle’s AlpInvest is pleased to announce a new strategic partnership with Mubadala Investment Company (Mubadala), focused exclusively on providing portfolio senior fund financing to private equity funds on a global basis. The partnership builds on Mubadala and Carlyle’s long-standing relationship and represents a key advancement in AlpInvest’s portfolio finance strategy. We look forward to expanding our partnership with Mubadala and working together to increase our reach and capacity to meet the evolving needs of our partners within the private equity community. Read more here: http://spr.ly/6043QXN0x

“You can be on top of the world and very cocky and very confident. And then something will happen that will change your trajectory. In that moment, you'll discover the need to be humble.” In our fifth edition of Navigating Leadership, Admiral James Stavridis, USN (Ret) shares an important lesson about the power of humility and offers six suggestions for how to build this essential characteristic. Read below and subscribe to the full series here: https://lnkd.in/ejJdf3Hu

In our latest edition of From David’s Desk, Carlyle’s Co-Founder and Co-Chairman David M. Rubenstein shares five overarching questions raised by Donald Trump’s 2024 presidential victory. Analyzing key factors that contributed to his win, David contrasts Trump’s ability to galvanize support with Vice President Kamala Harris’s challenges in building recognition and voter confidence as the Democratic candidate. He also explores the implications of Trump's return, outlining anticipated domestic and foreign policy priorities, the potential impact on certain industries, and the outlook for Democrats in future elections. Read “Trump’s Second Act,” here: http://spr.ly/6046Q94r4 and subscribe to From David’s Desk here: http://spr.ly/6048qNcAe

Mark Jenkins, Head of Global Credit at Carlyle, joined Bloomberg News’ Sonali Basak to discuss the close of Carlyle Credit Opportunities Fund III ("CCOF III"), our largest credit fundraise to date, and the opportunity set in #PrivateCredit. When discussing growth areas in asset-backed finance, CLOs, and opportunistic credit, Mark reflected on the strategy behind building a broad platform noting, “You have to have that diversity on your platform to take advantage of the market opportunities as you go through cycles.” Watch the full interview here: http://spr.ly/6042Q5XMq