TPG sux, have you seem their returns?!? Or lack thereof. Better hope your pension isn't invested there!

Anonymous wrote:

Anonymous wrote:Isn't the Carlyle group a restaurant chain or something?

I think it is Red Lobster.

that's Darden....of RL and olive garden (yuck) fame.

Anonymous wrote:Isn't the Carlyle group a restaurant chain or something?

I think it is Red Lobster.

Anonymous wrote:Please, PPs, enlighten us little people about Carlyle Group. I am not interested in working there, not an a financial field, but I'm curious what makes it different, special, exclusive. I know of at least one person, a top exec at a big corporation, who went to Carlyle and was flushed out quickly because he wasn't accomplishing what they wanted. I know of another person who's a CFO at a Fortune 500 company who was at Carlyle for a few years. Makes in the mid 7 figures, so I get that Carlyle pays well and is exclusive. But what else? Please, tell us, the groundlings want to be entertained by the high and mighty.

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.