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The Carlyle Group Inc. (NASDAQ: CG) is a prominent global investment firm with deep industry expertise. Founded in 1987 in Washington, DC, the company has evolved into one of the world's largest investment firms, managing $426.0 billion in total assets, including $307.4 billion in fee-earning assets as of December 2023. Carlyle operates through 29 offices across five continents, employing nearly 1,850 professionals.
Carlyle's business is divided into three core segments: Global Private Equity, Global Credit, and Global Investment Solutions. The private equity segment includes funds focused on private equity, real estate, infrastructure, and natural resources, contributing 35% of fee-earning AUM and 63% of base management fees in 2023. The global credit segment accounts for 50% of fee-earning AUM and 25% of management fees, while investment solutions make up the remaining 15% of AUM and 12% of management fees.
The firm's client base primarily consists of institutional investors and high-net-worth individuals. Carlyle's investment strategy emphasizes creating value for its investors, portfolio companies, and the communities in which it operates.
In recent news, Carlyle has made significant strides in various sectors. The firm recently announced the acquisition of a $415 million private student loan portfolio and a strategic investment into Monogram LLC, a leader in finance solutions for students and their families. This partnership aims to enhance private student loan offerings, leveraging Monogram's extensive experience and Carlyle's financial backing.
Additionally, Carlyle's subsidiary, Carlyle Credit Income Fund (NYSE: CCIF), focuses on investing in equity and junior debt tranches of collateralized loan obligations (CLOs). The fund will release its financial results for the first and second quarters of 2024 after market close on February 29 and May 29, respectively.
Carlyle continues to demonstrate its commitment to strategic growth through its latest investment of $180 million in Zippy Shell Incorporated, a leading containerized moving and storage company. This investment is aimed at refinancing existing debt and supporting strategic growth initiatives, further solidifying Carlyle's role as a key player in the alternative-asset management industry.
In summary, Carlyle Group Inc. stands out as a global leader in investment management, continuously driving value creation through strategic partnerships, innovative financial solutions, and a diverse portfolio.
NineDot Energy announced a strategic investment from Carlyle (NASDAQ: CG) aimed at developing over 400 megawatts of clean energy systems by 2026. This investment will enhance local power infrastructure, providing reliable energy to thousands of New York households and businesses. The funds will support NineDot’s battery storage projects in areas like Queens, Staten Island, and Long Island, aligning with New York’s goal of achieving 100% clean energy by 2040 and a target of 6,000 MW of energy storage by 2030. This move emphasizes the role of battery storage in decarbonizing the electric grid.
Carlyle (NASDAQ: CG) has announced its agreement to acquire Involta, a leading data center company specializing in hybrid IT and cloud infrastructure. Involta operates 12 data center facilities and has a 12,000+ fiber-mile network supporting mission-critical IT solutions across the U.S. This acquisition aims to leverage Carlyle's resources to strengthen Involta's operations and expansion, primarily in the Midwest and beyond. The transaction, expected to close in Q1 2022, is aligned with Carlyle's strategy to invest in digital infrastructure, further enhancing its capabilities in this growth sector.
Huron Capital has sold a majority stake in Sciens Building Solutions to Carlyle (NASDAQ: CG), while retaining a minority interest and a seat on the board. Established in 2016, Sciens specializes in fire and life safety services, experiencing over a 35-fold increase in revenue and EBITDA since inception. This growth was driven by strategic investments and 13 acquisitions. Sciens aims to be the largest independent FLS integrator in North America under Carlyle's leadership, which will enhance its M&A capabilities.
The AES Corporation (NYSE: AES) has successfully acquired Valcour Wind Energy from Carlyle (NASDAQ: CG), enhancing its renewable energy portfolio in New York. Valcour's six wind farms, producing approximately 25% of the state's wind energy, significantly contribute to New York's goal of achieving 70% renewable electricity by 2030. This acquisition adds 612 MW of capacity to AES's operations, which also includes a 1 GW solar pipeline. AES aims to leverage this acquisition for further growth in renewable energy.
YipitData announced a Series E funding round of up to $475 million, led by Carlyle (NASDAQ: CG). The funding will support product innovation and expansion into new markets. YipitData specializes in providing detailed insights and analytics on sectors like ridesharing and e-commerce, serving over 400 investment funds and corporations. Carlyle's investment highlights its commitment to fintech, having invested approximately $5 billion in the sector. The collaboration aims to unlock value from alternative data sets and support new product launches.
Sverica Capital Management has announced a minority equity stake sale in portfolio company Resonetics to Carlyle, valuing the company at approximately
GTCR has announced a strategic investment in Resonetics, with Carlyle acquiring a minority equity stake, valuing the company at approximately $2.25 billion. This partnership aims to enhance Resonetics' capabilities in the Medical Tech sector, where it specializes in micro-manufacturing for interventional and minimally-invasive medical devices. GTCR's initial investment in Resonetics supports its substantial growth, including eight strategic acquisitions since 2017. The collaboration signals confidence in Resonetics' continued expansion and innovation in high-growth markets.
CHICAGO--(BUSINESS WIRE)--Antares announced it will act as the administrative agent for senior secured credit facilities to support CVC Capital Partners Fund VIII's investment in CFGI. All existing shareholders, including Carlyle, are reinvesting in the transaction. CFGI, founded in 2000, serves over 2,500 clients with a focus on complex accounting and process improvement. Antares has $42.9 billion in capital management and issued approximately $11 billion in financing commitments in the first half of 2021, indicating strong market positioning.
Mensura Capital and Mensura Securities announced the sale of IMIA Group Holdings to investment affiliates of The Carlyle Group (NASDAQ: CG) and Stellex Capital Management. The terms remain undisclosed. IMIA is a marine contractor providing services to the U.S. Navy, including maintenance and repair of various vessel types. The company was established through the merger of IMIA Holdings and American Scaffold Holdings. Mensura specializes in M&A advisory services in the maritime sector, focusing on reducing transactional risks for clients.
Harris Williams announced its advisory role in the sale of IMIA Group Holdings, a provider of marine services, to The Carlyle Group (NASDAQ: CG) and Stellex Capital Management. Under J.F. Lehman & Company, IMIA expanded into new markets and enhanced capabilities. The firm employs over 1,500 personnel and addresses complex maintenance and construction needs for the US Navy. The transaction reflects significant growth potential driven by increasing US investment in naval services. Carlyle, managing $276 billion in assets, aims to leverage IMIA's established market position.