Carlyle Group Inc. reported improving conditions for exiting investments as capital markets show signs of recovery, Chief Financial Officer Justin Plouffe said Wednesday. The firm's US buyout team distributed 23% of fair market value over the last 12 months, double the industry average, with exits spanning Japan, US real estate and other sectors. Plouffe noted that the market is open for good companies with the right buyer, challenging views of a persistent buyer-seller disconnect over valuations. Carlyle posted its highest quarterly earnings in almost four years as it sold private equity holdings and returned cash to shareholders. Plouffe also addressed private credit, saying default rates in Carlyle's portfolio remain low and management teams have navigated the current tricky environment effectively. The firm launched a dedicated aerospace, defense and industrials platform, completing its first deal last month with the acquisition of Secturion Systems, and ruled out acquisitions for growth, emphasizing a 100% organic plan.
Carlyle Group IncCarlyle reports improving exit conditions, highest quarterly earnings in four years, and returns cash to shareholders.
