Carlyle Secured Lending focuses on high-EBITDA middle market companies and offers a well-covered dividend of $0.47/share, with a robust Q2 performance. CGBD's net investment income of $0.51/share covers the $0.40/share dividend, despite unrealized losses, which could be recouped as interest rates decline. The merger with Carlyle Secured Lending III will increase assets to $2.5B, offering cost savings and reduced dilution through preferred stock conversion at NAV.
Oil pipeline firm Crescent Midstream, which is backed by investment firm Carlyle Group, said on Friday it would jointly develop and construct a carbon capture and storage project in Lake Charles, Louisiana.
Japan's Rigaku, a maker of X-ray testing tools backed by buyout firm Carlyle Group , is preparing for a domestic initial public offering (IPO) in October, two sources familiar with the matter said.
CNBC's Leslie Picker and Carlyle CEO Harvey Schwartz join 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, central bank's monetary policy, rate path outlook, state of private equity, Carlyle's private credit strategy, and more.
CG will provide up to $1 billion to facilitate the origination of commercial property-assessed clean energy loans by North Bridge.
Private equity deal flows are improving as the U.S. enters a new monetary easing cycle, benefiting asset managers. Carlyle is once again trading at a compelling forward P/E multiple of just 9.9x versus its peers, which are trading at much more demanding multiples of 15-30x. We believe that Carlyle's long-term fundamentals and brand reputation remain intact. Moreover, fee-related earnings have also been growing at a robust pace in recent quarters.
Concerns about a supply glut in the markets are "completely overplayed," Carlyle's Jeff Currie said at the annual APPEC conference held in Singapore. While China's economy stays sluggish, China's stale demand is overstated, said the chief strategy officer.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Carlyle Group (CG) have what it takes?
Carlyle Group affiliate, CA Magnum Holdings, plans to sell shares worth 99.5 billion rupees ($1.2 billion) in the upcoming IPO of Hexaware Technologies, according to draft papers filed on Friday.
Carlyle Secured Lending is a promising BDC, benefiting from a merger with Carlyle Secured Lending III, enhancing their liquidity and scale. Despite a miss on their top & bottom lines, dividend coverage was strong and improved leverage, positioning CGBD well for future growth. They currently trade at a slight discount to NAV with the recent pullback of 8%, making CGBD a buy currently.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Carlyle Group (CG) have what it takes?
Carlyle Group Inc. is set to make a significant move in the automotive industry with its $1.5 billion acquisition of Worldpac from Advance Auto Parts Inc. This deal represents Carlyle's first major industrial investment in over two years, underscoring its strategic focus on the automotive sector's resilience.