Private Equity Giant Carlyle Whistling Dixie With Its IPO Filing

| About: The Carlyle (CG)

YES, IT’S BIG - The Carlyle Group L.P. (CARL) is one of the world’s largest and most diversified multi-product global alternative asset management firms.

Since its founding in Washington, D.C., in 1987, Carlyle has accumulated $153 billion in Assets Under Management across 86 funds and 49 fund of funds vehicles. With more than 1,100 employees, including more than 500 investment professionals, in 34 offices across six continents, Carlyle serves over 1,400 carry fund investors from 73 countries.

Across its Corporate Private Equity and Real Assets segments, Carlyle has investments in over 200 portfolio companies that employ more than 600,000 people.

THE SECTOR’S ENVIRONMENT - So far this year the water has been drained from the alternative investment/private equity swamp, and there are no winners.

The average decline for the segment is 41% from this year’s highs, including Apollo (NYSE:APO), Blackstone (NYSE:BX), KKR (NYSE:KKR), Och-Ziff (NYSE:OZM) and Fortress (NYSE:FIG).

Credit markets have tightened, global growth slowed, and because of multiple Quantitative Expansions (QEs) the specter of inflation is out there.

The alternative investment/private equity sector only does well when somewhere there is a rosy future, and right now all we see is mostly thorns for the sector, visible to everyone.

The markets are not buying rosy forecasts, which are required to get the "alternative investment" sector going again.

In this economic climate it’s about what have you done for me lately, and the alternative investment sector has been a disaster.


2011 high

Sept 8

% decline

Apollo (APO)




Blackstone (BX)








Och-Ziff (OZM)




Fortress (FIG)




average decline


There’s obviously no rush to indicate for Carlyle’s IPO. Nevertheless, here’s the S-1 link.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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Tagged: , , , Asset Management, Alternative Investing
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