Private equity fortunes diverge as KKR prospers while Carlyle cuts jobs
www.ft.com/content/366dacfa-060e-47a1-909f-b46b0afe24d5
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starkly diverging fortunes as KKR boosted its fundraising expectations
Carlyle axed jobs as part of a cost-cutting drive.
infrastructure and property
KKR
t is focused on reducing costs
Overall, we have not been pleased with fundraising in 2023,
By contrast, KKR increased its fundraising in the quarter, raising more than $14bn, with “a noticeable uptick in our pipelines around fundraising, deployment and monetisations”, according to Robert Lewin, chief financial officer.
Since taking the helm at Carlyle earlier this year, Schwartz has focused on growing its credit and insurance-related investment assets, debt and equity underwriting operations, and funds designed for wealthy individuals.
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