The Carlyle Group

Introducing Deal Download, a new series that takes you inside how we invest, create value, and drive impact across the full deal lifecycle—from new investments to strategic exits and key milestones. Through insights from Carlyle team members, we go beyond the headlines to explore the strategy, partnerships, and outcomes that shape our approach. In this episode, Kapil Modi, Partner at Carlyle India Advisors, and Patrick McCarter, Partner and Co-Head of Global Technology, discuss our recent #IPO in #India with Hexaware Technologies and the global collaboration that made it possible.

Jeff Currie, Chief Strategy Officer of Energy Pathways at Carlyle, joined Bloomberg TV’s Alix Steel at CERAWeek to discuss his latest report—The New Joule Order—which highlights how the increasing need for #energy security is reshaping global trade and driving a faster energy transition. “The share of global energy consumption that came from fossil fuels that crossed borders peaked in 2017 and has since declined by 5%. Peak Oil has already arrived as Peak Trade. If consumers are able, they will try to reduce their imports of fossil fuels, which in most cases will mean increasing their supply of nuclear and renewable energy,” Currie describes in his report. Download The New Joule Order here: http://spr.ly/60450KBd5 Watch the full interview here: http://spr.ly/60460KBdg

The New Joule Order—the latest research from Jeff Currie, Chief Strategy Officer of Energy Pathways at Carlyle—explores the forces shaping #energy markets and how the next phase is being driven by nations’ desires for energy security. Read below or download the paper here: https://lnkd.in/eSApQ6kP Key takeaways: ➡️ Energy transformation is reaccelerating. Nuclear and renewables are likely to continue to expand, while fossil fuels will also expand—but more slowly—with natural gas replacing oil and coal. ➡️ Security is reshaping energy markets. Nations are diversifying energy sources to insulate themselves—and investment portfolios—from geopolitical, macro, and financial risks. ➡️ "Peak Oil" is now "Peak Trade." With shifting global demand, reliance on fossil fuel imports is decreasing, which in most cases means increasing the supply of nuclear and renewables. ➡️ The investment thesis is strong. Investors have been overly fixated with how energy is produced at the expense of how it is consumed. Particularly fossil fuels and nuclear energy all remain substantially underinvested relative to forward demand expectations.

Lauren Basmadjian, Global Head of Liquid Credit at Carlyle, joined Bloomberg Intelligence’s Credit Edge #podcast to discuss #credit opportunities, emerging market risks, and trends shaping the industry—from liability management exercises and private/public debt convergence to default rates, M&A, and European leveraged loan opportunities. As market conditions evolve, Lauren emphasized the need for strategic risk management: "You're not really getting paid to take the incremental risk. Finding good companies that can withstand volatility, and exiting the weakest of companies that, if there is a policy change that could affect them [and lead to] financial difficulties, I think is the right play right now." Full episode 🎧: http://spr.ly/6044064MO

Carlyle’s Chief Operating Officer, Lindsay LoBue, knows that career paths aren’t always a straight shot—they’re more like a Waze route, where detours lead to new opportunities and unexpected turns open doors to growth. Featured in LinkedIn News’ The Finance Files, she shares her perspective on leadership, navigating change, and the evolving role of #privatemarkets. From trading floors to founding her own company to now shaping Carlyle’s future, Lindsay’s journey highlights the many routes to leadership in the industry. She discusses redefining the COO role as a client-facing position, integrating AI into daily workflows, and the importance of a problem-solving mindset. This International Women’s Day, Lindsay’s insights highlight the leadership shaping the future of our industry. 📖 Read more here: http://spr.ly/6040L7vd4 #IWD25 #OneCarlyle

The Kennedy Center is a cornerstone of American arts and culture, but how much do we really know about its history? In this edition of From David’s Desk, Carlyle Co-Founder and Co-Chairman David M. Rubenstein—who served as Chair of the Kennedy Center Board for 14 years—shares a fascinating deep dive into the origins, challenges, and evolution of this national treasure. Read on to discover a compelling look at what makes the Kennedy Center so unique: http://spr.ly/6043L2T2B

Carlyle’s CEO Harvey Schwartz sat down with Bloomberg News’ Sonali Basak at #BloombergInvest, where he discussed the #geopolitical and #economic complexity shaping today’s investment landscape. He also highlighted how Carlyle is identifying opportunities amid these dynamics, from recent #IPOs across the US, India, and Japan to long-term trends in private market growth. When reflecting on the sustained expansion of private capital, Harvey shared: “Private capital formation has been a trend that has been incredibly persistent for lots of very meaningful reasons, and it's secular. It’s not going to change.” Watch the full conversation here: http://spr.ly/6043LvPDN

We’re pleased to be recognized once again by Private Equity International for our continued leadership and strong performance across key areas. Carlyle won awards across different businesses, regions, and categories, including CLO Manager of the Year, Mid-Market Firm of the Year in Asia-Pacific for our Japan franchise, and Large Cap PE Firm of the Year for our leadership in ESG. ↪ Carlyle was recognized as CLO Manager of the Year by Private Debt Investor, reflecting our 25-year track record and leading position in the market. Over the past year, our #CLO business has been one of the most active, demonstrating strong performance and innovation. Highlights include the close of our inaugural captive CLO equity fund further reinforcing our global leadership and growth in this space. ↪ In Japan, 2024 was a milestone year for our private equity business in the region given the successful close of our fifth Japanese buyout fund, Carlyle Japan Partners V, which raised nearly 70% more than the predecessor fund. The team were also particularly busy with a significant level of investment activity. Highlights during the year included: the acquisition of KFC Japan; the sale of Tokiwa; and the IPO of Rigaku Corporation, which listed on the Prime Market of the Tokyo Stock Exchange as the largest ever private equity-backed IPO in #Japan. ↪ In 2024, Carlyle continued to seek to drive financial outcomes through sustainability initiatives across our investment activity. Notably, it launched its “Decarbonization Bootcamp,” with 40 portfolio companies signing up for the first cohort earlier in the year. These awards were announced on March 3, 2025, from PEI. No compensation was paid by Carlyle for the awards.

Today, Carlyle’s #GlobalCredit platform, together with Arcmont Asset Management, announced the provision of a €470 million financing package to BIANALISI. A leading independent platform for integrated healthcare diagnostics in Italy, Bianalisi offers a full range of services in clinical laboratory diagnostics, outpatient care and diagnostic imaging. The transaction enables Bianalisi to support its continued growth strategy, including through further consolidation of the Italian healthcare diagnostics market, as well as to refinance existing debt. Nicola Falcinelli, Deputy Head of European Private Credit at Carlyle, said: “We are pleased to support Bianalisi to further expand its delivery of critical healthcare services to Italian patients and healthcare professionals. The Italian market is one Carlyle knows well and we have been very active providing flexible credit solutions to both sponsor-backed and non-sponsored companies to further their growth.” Read more here: http://spr.ly/6048L5xMO

Today, Fortitude Re announced it has entered into a reinsurance agreement with Unum Group. Carlyle is proud to be a strategic investor and asset management partner in Fortitude Re's ongoing growth, as it continues to provide innovative solutions to its global insurance clients. Read more here: http://spr.ly/6041LjfIS