Carlyle Group plans to raise over $200 billion in funds by 2028

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Private equity firm Carlyle Group expects to raise at least $200 billion from now until 2028 and improve its management fee revenue.

Recently, software stocks have plummeted due to disruptive concerns over artificial intelligence (AI), which has also affected other industries including asset management, sparking market worries about the credit quality and risk exposure of the tech sector.

Carlyle manages approximately $477 billion in assets. Before current CEO Harvey Schwartz took over, Carlyle faced several years of difficulties due to industry-wide downturns and internal succession struggles. Schwartz has been dedicated to turning the company around. The market generally believes that Carlyle lagged behind competitors like Blackstone, Apollo, and KKR when Schwartz took over.

In a statement, Schwartz said that after three years with the company, he has “systematically reshaped” it. The targeted $200 billion in fund inflows will be higher than the $158 billion raised between 2023 and 2025.

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