Working at Carlyle Group
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Anonymous
Carlyle is a top 3-4 private equity firm, both in prestige and AUM. Up there with TPG, KKR, and Blackstone. PE essentially where private pooled money is used to purchase majority ownership in a mature company. Perhaps a company, due to being publicly traded has shareholder pressure which stops it from investing as much in R&D and swallowing short-medium term losses or increasing efficiencies. A company under private ownership has more flexibility to pursue certain strategies. For this, see the current Dell saga (not a carlyle target but essentially same concept). Or there is an environment where debt financing is cheap and the right company produces enough cash flow where by using cheap debt to take it over, you can essentially have to company you just bought pay for itself and then sell it/take it public again and make a ridiculous multiple from your initial investment. They also do real estate funds and have a small hedge fund piece. At the associate level, the hours and shit and the pay is fantastic. The job is kind of boring though. Work on 3-4 deals a year maybe (it isn't mid 2000's anymore), doing lots of the financial modeling, figuring on optimal financing structure for a takeover target. Higher ups have a bigger biz dev/client piece. Either bringing more money into the firm to increase AUM for open funds and/or working on the operational side of whatever the strategy was that led to the buyout in the first place. Higher up, PE is less about being a fantastic trader/market predictor as its more about relationships and right company selection since the strategy is longer term and illiquid. |
Anonymous
I think it is Red Lobster. |
Anonymous
that's Darden....of RL and olive garden (yuck) fame. |
Anonymous
| TPG sux, have you seem their returns?!? Or lack thereof. Better hope your pension isn't invested there! |