Carlyle's Rubenstein: Brazil best, despite problems

A shopping district in Rio de Janeiro
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Once an investor darling, Brazil is hardly a consensus target for international cash today.

High inflation, a sluggish economy and a massive corruption scandal at state energy company Petrobras have caused many investors to flee. But others are sticking with the beleaguered South American country.

One example is $193 billion private equity giant Carlyle Group. Co-CEO David Rubenstein thinks Brazil is actually the most appealing market for investment after the U.S., Europe and China, according to remarks made Tuesday at the Global Private Equity Conference in Washington, D.C.

( confirmed that the tweet is an accurate summary of Rubenstein's comments and views.)