The private capital market has experienced decades of growth, fueled by a shrinking number of public companies and an expanding array of private financing options like direct lending and asset-based finance. This trend is expected to accelerate, with forecasts suggesting the market could grow by as much as $10 trillion.
A key growth vector for Carlyle and the industry is the individual wealth channel, which holds half of all global assets. The firm is actively developing products, such as a new private equity solution, specifically for financial advisors and their clients.
With ~$450B in AUM, Carlyle operates a diversified platform across private equity, credit, real estate, and infrastructure. The firm leverages its global presence to execute landmark deals, including the largest-ever private equity-backed IPOs in India and Japan and the largest US asset-based finance transaction of the past year.
Private credit has proven to be a durable and growing asset class, even in the face of nearly 500 basis points of Fed rate hikes. Carlyle's credit and insurance platform is its largest business, managing the world's biggest CLO platform, and is seen as a key area of opportunity.
CEO Harvey Schwartz shares his personal story of overcoming a difficult childhood and a non-traditional path to Wall Street. He attributes his success to a combination of hard work driven by insecurity, mentorship from 'angels' in his life, and a significant degree of luck.
Keep pulling the thread on Harvey Schwartz.