The Carlyle Group presented at the 2017 Citi Asset Management, Broker Dealer and Market Structure Conference. I took the liberty of combining aspects of Carlyle's private equity performance into the image above.
1) Carlyle has $17.5 billion in PEU dry powder to deploy in a market with elevated valuations.
2) Carlyle's carry fund performance is in a four year decline falling from 30% in 2013 to 11% in 2016.
3) It's fee earning PEU assets under management is the second lowest for the six year period shown.
Embarking Carlyle plans to raise another $100 billion.
Update 3-7-17: Carlyle's presentation made no mention of its legal efforts to force Lloyd's to pay for nearly $400 million of stolen Moroccan oil.
Update 3-8-17: The Citi presentation fit with co-founder David Rubenstein's prediction that PEU returns would drop but remain attractive enough to draw more capital. How might that change with Carlyle's purchase of Golden Goose?
