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Carlyle Group LP

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  • Nov 24- Private equity firm Carlyle Group LP is looking to raise about $5 billion for a fund that can hold stakes in companies for as long as 20 years, Bloomberg reported. The company expects to make investments that do not fit within the mandate of its sixth main buyout fund, which raised $13 billion last year, Bloomberg said, citing people familiar with the matter.

  • Nov 12- Shares of Axalta Coating Systems Ltd, a car paint company sold by DuPont to Carlyle Group LP, rose as much as 7.4 percent in their trading debut, valuing the company at about $4.8 billion. DuPont sold Axalta to Carlyle for $4.9 billion in cash in February 2013, a move that activist investor Nelson Peltz criticized two months back. Peltz, who is pushing DuPont to...

  • Nov 12- Shares of vehicle paint maker Axalta Coating Systems Ltd, sold by chemical maker DuPont to Carlyle Group LP last year, rose as much as 7.4 percent in their trading debut, valuing the company at about $4.8 billion. The stock touched a high of $20.94 in early trading on the New York Stock Exchange on Wednesday. The offering was priced at $19.50 per share, at the...

  • Carlyle-backed Axalta Coating's IPO raises $975 mln Tuesday, 11 Nov 2014 | 6:38 PM ET

    Nov 11- Paint company Axalta Coating Systems Ltd's initial public offering raised about $975 million after its enlarged offering was priced at $19.50 per share, at the midpoint of its expected price range. The selling stockholders, including affiliates of Carlyle Group LP, sold 50 million shares. Philadelphia- based Axalta, the Dupont unit which Carlyle bought...

  • Nov 10- KKR& Co, which led the acquisition of oil and gas producer Samson Resources Corp for $7.2 billion in 2011 and has already sold almost half its acreage to cope with lower energy prices, plans to sell its North Dakota Bakken oil deposit worth less than $500 million as part of an ongoing downsizing plan, according to people familiar with the matter.

  • Investing in China despite problems     Friday, 7 Nov 2014 | 7:12 AM ET

    David Rubenstein, The Carlyle Group co-founder and co-CEO, says the long-term outlook for China is good despite some issues.

  • Rubenstein sees 3% percent economy     Friday, 7 Nov 2014 | 7:10 AM ET

    David Rubenstein, The Carlyle Group co-founder and co-CEO, shares his outlook on the U.S. economy growth. The mood of the country would improve if Washington worked together, says Rubenstein.

  • David Rubenstein: US best place to invest     Friday, 7 Nov 2014 | 7:09 AM ET

    David Rubenstein, The Carlyle Group co-founder and co-CEO, says there's no place comparable to the United States for investing, but sees good opportunities in Europe and China.

  • David Rubenstein, The Carlyle Group co-founder and co-CEO, shares his thoughts on the state of the U.S. economy and the impact of gridlock in Washington, DC.

  • Oct 30- Apollo Global Management LLC reported a bigger-than-expected 91 percent drop in third-quarter profit on Thursday, as its private equity funds depreciated, in stark contrast to its peers, and the firm generated less cash from selling assets. A halt to the stock market rally weighed on the earnings of all of Apollo's publicly listed peers, with KKR& Co LP and...

  • Fed day: Give these guys your money Wednesday, 29 Oct 2014 | 8:41 AM ET
    Federal Reserve Board Chair, Janet Yellen.

    Investors betting on rising rates and bank stocks may want to consider fund managers, especially with the Fed in no rush to push rates up.

  • Peer KKR& Co LP reported a 17 percent decline in third-quarter pretax profit earlier this month, while Blackstone Group LP reported an 18 percent rise. This translated into post-tax ENI of 55 cents per adjusted unit in the third quarter of 2014, slightly ahead of the average analyst estimate of 54 cents in a Thomson Reuters poll. Asset sales included Beats...

  • SEC boosts scrutiny of private equity performance Wednesday, 29 Oct 2014 | 7:15 AM ET

    The SEC is examining how private equity firms report a key metric of their past performance, as the regulator boosts scrutiny of the industry.

  • Including the general partner's money in the average net returns can inflate the fund's average net performance figure, and the SEC is investigating whether private equity fund managers properly disclose whether they are doing that or not, the sources said. An SEC spokeswoman declined to comment. The SEC's focus on the average net IRR disclosures, which has...

  • NEW YORK, Oct 23- Private equity firm KKR& Co LP reported a lower-than-expected 27 percent year-on-year drop in third-quarter profit on Thursday, as its holdings appreciated more than many analysts foresaw and it generated more cash by exiting its investments. KKR's steep earnings drop was driven by a lower appreciation of its private equity investments...

  • *Third-quarter ENI 66 cents per share; Wall Street view 72 cents. Oct 16- Blackstone Group LP, the world's largest alternative asset manager, on Thursday reported lower-than-expected third-quarter earnings, but said it was well positioned to profit from market jitters and put more of its $42.3 billion in undrawn investor capital to work. Blackstone, whose...

  • *Assets under management at $284 billion at end September. Third-quarter ENI 66 cents per share; Wall Street view 72 cents. Oct 16- Blackstone Group LP, the world's largest alternative asset manager, on Thursday reported lower-than-expected third-quarter earnings, but said it was well positioned to profit from market jitters and put more of its $42.3 billion in...

  • After the financial crisis of 2007-2009, a number of ailing U.S. refineries were sold to investors such as Carlyle Group and Delta Air Lines Inc, which lacked the credit agreements or oil trading expertise to efficiently supply their new plants. On Tuesday, Philadelphia Energy Solutions LLC, the biggest refinery on the East Coast, became the latest to join the...

  • NEW YORK, Oct 8- An investment advisor to CEOs was arraigned on Wednesday and charged with scheming to defraud, in part by falsely claiming business relationships with Tyler Winklevoss and others associated with the founding of Facebook, prosecutors said. Appearing in state Supreme Court in Manhattan, Arun Ganguly, 37, was accused of being a con artist who...

  • NEW YORK, Oct 8- Bank of America Corp has clinched a deal to provide inventory and working capital financing to the biggest oil refinery on the East Coast, replacing JPMorgan Chase& Co with a revamped arrangement that excludes physical supplies, according to a source familiar with the deal. The agreement with Philadelphia Energy Solutions, sealed on Tuesday, will...