About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

London, UK and New York, USA, February 29, 2024 - Abingworth, a leading international life sciences investment group, part of global investment firm Carlyle (NASDAQ:CG), today announced a strategic development financing agreement with Gilead Sciences. The financing agreement will provide up to $210 million in funding to support select clinical studies of Trodelvy® (sacituzumab govitecan-hziy), within non-small cell lung cancer. As part of the agreement, Launch Therapeutics, a clinical development company ba ...

NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, "we," "us," "our," "CSL" or the "Company") (NASDAQ:CGBD) today announced its financial results for its fourth quarter and full year ended December 31, 2023. Aren LeeKong, CSL's Chief Executive Officer said, "We are very pleased with our fourth quarter and fiscal year 2023 results, which we believe were due to our ability to capitalize on the breadth and depth of the OneCarlyle platform and ...

Solvency II. The European solvency framework and prudential regime for insurers and reinsurers, under the Solvency II Directive 2009/138/EC ("Solvency II"), took effect in full on January 1, 2016. Solvency II is a regulatory regime that imposes economic risk-based solvency requirements across all EU member states and consists of three pillars: Pillar I, quantitative capital requirements, based on a valuation of the entire balance sheet; Pillar II, qualitative regulatory review, which includes governance, in ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Esken, the embattled owner of Southend Airport, has received a proposal that would see it hand over control to private equity firm and loan provider Carlyle. Shares in the former Stobart Group were in freefall again today as the company said it was mulling over the deal, which would see its stake in Southend Airport (LSA) reduced to a “minority interest”. Esken and Carlyle have been at loggerheads for a while, leading the private equity group to demand repayment of a £200 million loan issued to the airport ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yiel ...

Financial Data and Key Metrics Changes - The company reported record Fee-Related Earnings (FRE) of $859 million for the year, with a record FRE margin of 43% in Q4 2023 [101][106] - The company expects FRE to increase to approximately $1.1 billion in 2024, representing a more than 25% increase from 2023 [102][116] - The net accrued carry balance ended the year at $2.4 billion, equating to over $6 per share [99][120] Business Line Data and Key Metrics Changes - Global Credit is now the largest segment with almost $190 billion of Assets Under Management (AUM), having increased credit AUM by nearly 300% over the past four years [111] - Investment Solutions AUM has grown 70% over the past four years to $77 billion, with expectations for a sharp increase in FRE in 2024 due to strong fundraising [112] - The company raised $17 billion in capital in Q4 2023, marking its third-largest fundraising quarter in history [107][121] Market Data and Key Metrics Changes - The company anticipates inflows to exceed $40 billion in 2024, reflecting strong market demand [102][116] - The company noted that fundraising in credit was elevated at $9 billion in Q4, significantly higher than the first three quarters combined [130] Company Strategy and Development Direction - The company is focusing on enhancing stakeholder alignment through changes in its compensation strategy, aiming for a performance-driven culture [109][117] - The capital allocation strategy has been optimized, with an increased share repurchase capacity of $1.4 billion, alongside a planned annual dividend of over $500 million [100][110] - The company is committed to investing in growth while returning capital to shareholders, indicating a balanced approach to capital management [100][116] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the operating environment in 2024, expecting a tailwind for credit fundraising [3][7] - The company is confident in its financial targets for 2024, emphasizing growth, prudent expense management, and compensation changes as key components [142][144] Other Important Information - The company incurred a one-time non-cash GAAP charge of $1.1 billion related to future carry going to employees, which is expected to generate higher FRE for shareholders more quickly [99][120] - The company has awarded performance stock units to senior professionals, aligning their compensation with shareholder interests [119] Q&A Session Summary Question: Discussion on momentum and fundraising for 2024 - Management highlighted the importance of providing value to limited partners and expressed confidence in achieving the $40 billion fundraising target for 2024 [124][127] Question: Clarification on credit fundraising jump in Q4 - Management noted that the elevated fundraising was spread across various products, including CLOs and retail credit products, indicating broad-based strength [130] Question: Insights on the pacing of share repurchase - Management emphasized the strong momentum in the business and indicated that they would be active buyers of stock, reflecting confidence in the company's value [135][139] Question: Expectations for 2024 FRE target and compensation model - Management explained that the $1.1 billion FRE target is based on growth, compensation changes, and prudent expense management, with flexibility built into the compensation model [142][152] Question: Details on the composition of the $40 billion fundraising target - Management indicated that fundraising activity would be strong across various platforms, including credit, private equity, and real estate, reflecting a comprehensive growth strategy [144][153]

The Carlyle Group Inc. Total AUM refers to the assets we manage or advise. Fee-earning AUM refers to the assets we manage or advise from which we derive recurring fund management fees. Fundraising excludes acquisitions; funds denominated in a currency other than U.S. Dollars have been converted at the spot rate as of the date of closing of such commitment. Invested Capital and Realized Proceeds represent carry funds only (including related coinvestments and separately managed accounts); for purposes of aggr ...

For the quarter ended December 2023, Carlyle Group (CG) reported revenue of $896.4 million, down 15.4% over the same period last year. EPS came in at $0.86, compared to $1.01 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $848.57 million, representing a surprise of +5.64%. The company delivered an EPS surprise of +14.67%, with the consensus EPS estimate being $0.75.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...