Performance watch: Carlyle’s PE funds

PEI revisits its performance watch series with updated fund data from the Q4 earnings season.

As earnings season comes to an end, Private Equity International revisits its performance watch series with the latest fund data from listed blue-chip firms.

First up: The Carlyle Group, which could deploy capital more slowly this year as dry powder and public market volatility cap a difficult investing environment, co-chief executive Kewsong Lee said on a 6 February earnings call.

The firm expects to raise $20 billion across all asset classes this year, chief financial officer Curtis Buser said on the call. Prior performance is key to any successful fundraise, so how have its exiting fund strategies fared?

The interactive chart below shows the firm’s private equity fund history, based on quarterly earnings data. The bubbles are sized proportionately to the size of the fund; toggle between the tabs to see how they have fared by net internal rate of return and total multiple of invested capital.