The Carlyle Group is a company that raises capital for, invests in, and manages different alternative investment vehicles such as private equity and tangible assets. With billions of assets under management across three business segments and 437 investment vehicles, it’s a powerful company that relies on its deep expertise to grow and develop the firm.
The Washington, D.C.-based company announced its Q1 earnings at the end of April and reported a record $260 billion in assets under management, up 20% year-over-year. The company also delivered a Q1 GAAP net income of $869 million, up from a GAAP net loss of $612 million in Q1 2020.
Since the beginning of the year, CG delivered a 34.99% return, extending its 12-month gains to 58.24%. Adding this stock to your investment plans for around $42 per share could be a very savvy move, especially given the fact that the company has $75 billion in “dry powder” at this time for new deals.