From Yahoo Finance: 2025-05-08 06:03:00

Carlyle Group plans to use its $84 billion capital to seize opportunities in the market disruption caused by President Trump’s tariff plans. CEO Harvey Schwartz remains optimistic about the company’s position, with most investments in U.S.-based service companies. Carlyle reported a record first-quarter profit, with assets under management reaching new heights.

The company saw a 17% increase in fee-related earnings, driven by a 2% growth in fund management fees and a nearly threefold jump in transaction and portfolio advisory fees. Carlyle’s shares rose 3.5% to $41.35 following the positive earnings report. The firm continues to sell assets in Asia due to trade-related uncertainty in the U.S., where exits are disrupted.

Carlyle recorded inflows of $14.2 billion, deployed $11.1 billion, and had $84 billion available for investment. CEO Schwartz emphasizes the importance of private market access for future growth in the alternative asset management industry. Globally, private assets under management are expected to grow to $24.1 trillion by 2029, according to PitchBook.

The company’s assets under management rose 6% to $453 billion, driven by growth in its global credit segment and secondary investments unit. Distributable earnings increased by 5.6% to $455.4 million for the quarter, exceeding analyst expectations of 95 cents per share. Carlyle’s shares have dropped 21% this year, in line with competitors Blackstone, KKR, and Apollo.

Read more: Carlyle seeks dealmaking opportunities to deploy $84 billion in dry powder