Carlyle Group (CG) has seen "exponential" growth in wealth business, Bloomberg reported Thursday, citing Shane Clifford, global head of wealth at Carlyle.
The wealth business's growth puts it on track to account for 20% of capital flows for the asset manager, the report quoted Clifford as saying in an interview with Bloomberg Television.
The report also said Carlyle's wealth business has nearly doubled since Harvey Schwartz became chief executive officer in 2023.
Price: 66.65, Change: +1.09, Percent Change: +1.66
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments