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FRANKFURT, Nov 28 (Reuters) - U.S. buyout firm Carlyle Group (CG.O) has raised more than three billion euros ($3.12 billion) for a pan-European technology fund that is taking advantage of "pockets of life" in the economy, the co-heads of Carlyle Europe Technology Partners told Reuters. Carlyle aims to invest in approximately 20-30 companies through the new fund and in most cases will buy a majority stake. It will, however, reserve about 15% of the fund for growth equity transactions, Wand and Lasocki said. The fund will write equity cheques of up to 250 million euros, resulting in deals from between 100 million euros and 500 million euros in enterprise value, they said. Targeting B2B technology businesses in Europe, Carlyle will support portfolio firms with plans to become more international, for example breaking into the U.S. market.

☆ Stocks finish higher as the Street awaits key inflation data next week
▼ + stars: | 2022-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Stocks finished higher on this holiday-shortened trading week, with all the major U.S. averages posting gains. Under the hood, all sectors closed higher for the week, led by utilities, materials and financials. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. The U.S. Federal Reserve, alongside global central banks, has been trying to get a handle on soaring inflation.

☆ Carlyle sees big in Japan auto industry as EV shift shakes supply chains
▼ + stars: | 2022-11-22 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +2 min

TOKYO, Nov 22 (Reuters) - U.S. private equity firm Carlyle Group Inc (CG.O) aims to enlarge its footprint in the Japanese automotive sector as the global shift to electric vehicles (EVs) shakes the industry's supply chain, its executives said. With the world quickly moving to EVs, Japanese auto parts suppliers are reviewing strategies that were traditionally tailored for combustion-engine cars, Reiji Terasaka, who heads Carlyle's Japan industrial team, told Reuters in an interview. The Japanese auto industry used to draw strengths from its decades-old keiretsu system - a hierarchical pyramid of equity-interlocked suppliers with automakers sitting atop and ensuring business security. Automakers might not be able to support all kinds of keiretsu companies anymore, Terasaka said, adding that he anticipated changes to how the keiretsu system operated. The private equity industry "has evolved over the last 10 to 20 years from where there was more of a focus on costs," Bernasek said.

☆ Blackstone draws a rare 'sell' rating from Wall Street as an analyst raises concerns over 2 high-profile funds
▼ + stars: | 2022-11-22 | by ( Rebecca Ungarino | Casey Sullivan | ) www.businessinsider.com time to read: +3 min

In a rare move for Blackstone, an analyst downgraded the firm's stock rating to "underperform." Blackstone, which has expanded funds aimed at retail investors, said performance is strong. Blackstone shares fell on Tuesday after a Wall Street analyst outlined a grim picture for two of the private-equity and real-estate giant's most prized funds. Credit Suisse research analyst Bill Katz assigned an "underperform" rating to Blackstone. It's a rare negative rating on the firm, which tends to draw cheers from Wall Street analysts who are bullish on Blackstone's position as the largest private-equity investor.

☆ Treat investing in crypto like a trip to Las Vegas after FTX's collapse, says billionaire investor David Rubenstein
▼ + stars: | 2022-11-18 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

David Rubenstein warned investors to tread carefully around crypto after FTX's collapse. Crypto investing is like gambling because "you know you're probably going to lose," he said. "If you go to Las Vegas and you like to gamble, you know you're going to lose money," Rubenstein told "Mornings with Maria" on Fox Business. "So if it gives you pleasure to gamble, okay, so take the amount of money you're happy to lose, fine." That should encourage retail investors to stay away from crypto investing, according to Rubenstein.

☆ Restaurant Brands Taps Former Domino’s CEO as Chairman
▼ + stars: | 2022-11-16 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

The former chief executive of Domino’s Pizza Inc. is joining Burger King parent Restaurant Brands International Inc. as its executive chairman, and will take a stake in the company as it seeks to improve its operations. Patrick Doyle , an executive partner at investment firm Carlyle Group Inc., will buy 500,000 company shares valued at around $30 million and take leadership of Restaurant Brands’ board immediately, the company said Wednesday. Mr. Doyle, 59 years old, will receive equity awards instead of a salary as he works with Restaurant Brands executives to improve its stock performance and equity value, the company said.

☆ Burger King owner Restaurant Brands taps former Domino's CEO Patrick Doyle as chair
▼ + stars: | 2022-11-16 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Restaurant Brands International announced Wednesday that it is tapping former Domino's Pizza CEO Patrick Doyle as its executive chair. Doyle's appointment comes as Restaurant Brands tries to turn around Burger King's U.S. business. The Brazilian private equity firm took Burger King private in 2010, merged it with Tim Hortons in 2014 and named the new company Restaurant Brands International. To receive the performance share units, Restaurant Brands' stock will have to compound annually at least 6%, with the payout increasing if shares rise 10% and 15% annually. After leaving Domino's, Doyle joined the Carlyle Group as an executive partner focused on acquisitions.

☆ EXCLUSIVE Carlyle seeks to line up bid for urgent care provider Heritage -sources
▼ + stars: | 2022-11-15 | by ( David Carnevali | ) www.reuters.com time to read: +3 min

Carlyle, a Washington, D.C.-based buyout firm, has been in discussions with other private equity firms about assembling a consortium that would make an offer to acquire HPN, the sources said. HPN generates annual cash flow of around $600 million, according to the sources. Merkin grew the Los Angeles-based company into a managed care powerhouse in the Californian market, where it serves nearly 700,000 individuals. Earlier this month, primary care provider VillageMD, which is backed by Walgreens Boots Alliance Inc (WBA.O), said it would acquire private equity-owned urgent care provider Summit Health in a deal valued at $9 billion. Amazon agreed in July to buy primary care provider One Medical for $3.49 billion, while CVS inked a deal in September to acquire Signify Health for $8 billion.

☆ Private-Equity Giants Are Latest Targets of SEC’s Record-Keeping Probes
▼ + stars: | 2022-11-09 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

The SEC rule to preserve most employee communications risks being violated if employees discuss business over prohibited mobile apps. WASHINGTON—Wall Street’s private-equity giants are the latest companies to face regulatory investigations over deal makers’ use of banned communication channels. Apollo Global Management Inc., KKR & Co. Inc., and Carlyle Group Inc. disclosed Tuesday that they face investigations over whether their employees used messaging apps such as WhatsApp to do business. They are the most prominent asset-management firms so far to reveal their exposure to a regulatory sweep that examines compliance with record-keeping rules.

☆ Carlyle agrees to pay ex-CEO Lee $3.3 mln as severance payment
▼ + stars: | 2022-11-09 | by ( Chibuike Oguh | ) www.reuters.com time to read: +1 min

In August, Lee abruptly stepped down as Carlyle CEO after its board, controlled by the group's founders, unexpectedly declined to renew his contract, which was set to expire at the year's end. Carlyle said it will pay Lee $1.405 million as base salary and bonus as well as $1.95 million as stock dividends as a part of the separation agreement that terminates at the end of this year. The Washington, D.C.-based firm also agreed that most of Lee's restricted stock options would be allowed to vest between November and February next year. As Carlyle CEO, Lee earned a total compensation of $43.3 million in 2021, consisting of a $5.5 million cash bonus, $36 million in stock awards, $275,000 as base salary, and $437,245 as carried interest. William Conway, a Carlyle co-founder and board member, was named as the firm's interim CEO following Lee's departure.

☆ Private equity firm TPG reports 60% drop in earnings as asset sales plummet
▼ + stars: | 2022-11-09 | by ( Chibuike Oguh | ) www.reuters.com time to read: +3 min

SummarySummary Companies Fee-related earnings beat estimatesTPG's stock rises nearly 8%NEW YORK, Nov 9 (Reuters) - Private equity firm TPG Inc (TPG.O) said on Wednesday its after-tax quarterly distributable earnings fell more than 60% due to a plunge in asset sales across its private equity, growth, real estate and impact businesses. However, TPG's fee-related earnings, a closely watched measure that captures income from management fees, was flat at $121 million. "What we're seeing is that investors don't care so much about performance fees but about fee-related earnings and its growth trajectory," said BMO Capital Markets analyst Rufus Hone. "Fee-related earnings is predictable; every dollar of fee-related earnings is worth $2 of performance fees," Hone added. During the quarter, TPG said its private equity funds appreciated by 2.3%, growth funds rose by 3.8% and impact funds were up 2.9%, though real estate funds depreciated by 0.4%.

☆ Meet 5 of Goldman Sachs' newest partners, including a top fintech dealmaker and a structured trader from Honduras whose 3 brothers also work on Wall Street
▼ + stars: | 2022-11-09 | by ( Dakin Campbell | Alex Morrell | Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

It also includes a star fintech banker and leading voice on the Black experience on Wall Street. Here are 5 top names who will help shape the Wall Street of tomorrow. In the 12 years that he's been at Goldman, Watkins has helped Goldman advise on some of the technology industry's biggest transactions. He has also been a leading voice in discussing the Black experience on Wall Street. After graduating in 2010, he went to work for the Global Electronic Trading Co., known on Wall Street as GETCO.

☆ The Fed, earnings, jobs and China: How we think about this week's deluge of data
▼ + stars: | 2022-11-04 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

It is very premature, in my view, to think about or be talking about pausing our rate hikes. The news sent those stocks reliant on China for growth — Starbucks, Estee Lauder and Wynn Resorts, among many others — higher. Or bad news could just be bad news if weak data signals a recession ahead. And good news could be good news: for example, if China reopens and U.S. companies exposed to the region see a boost in demand. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Carlyle's David Rubenstein on how to invest now
▼ + stars: | 2022-10-31 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

It may have been drawn up under England's King John, but these days it belongs to David M. Rubenstein. To learn how Rubenstein amassed those kind of resources, look no further than his new book, “How To Invest: Masters on the Craft." At that time, there was not a whole lot of investing going on, with his father working a blue-collar existence for the Post Office, living paycheck-to-paycheck. Nevertheless, Rubenstein seems to have done alright, with a net worth currently estimated by Forbes at $3.2 billion. RUBENSTEIN'S ADVICE TO INVESTORS BIG AND SMALLWhen it comes to philanthropy, Rubenstein takes a surprisingly hands-on approach – no foundation, no staff, just him.

☆ First on CNN: Senate Democrat warns Fed it’s ‘foolish’ to keep lifting interest rates
▼ + stars: | 2022-10-27 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

But the concern is the Fed is doing too much too soon,” Hickenlooper wrote in a letter on Thursday to Fed Chairman Jerome Powell. In a bid to get inflation under control, the Fed has raised interest rates more rapidly than at any point since the early 1980s under legendary Fed chairman Paul Volcker. “I write to urge the Federal Reserve to pause and seriously consider the negative consequences of again raising interest rates,” Hickenlooper wrote, adding that families have been stung by surging borrowing costs for homes and cars. “Will raising interest rates lead to more oil, lower prices of oil, more food, lower prices of food? Former President Donald Trump repeatedly slammed Powell — his handpicked Fed chairman — for raising interest rates and shrinking the Fed’s balance sheet.

☆ Activist Investor Calls for Overhaul of Korean Tobacco Giant KT&G
▼ + stars: | 2022-10-26 | by ( Dave Sebastian | ) www.wsj.com time to read: 1 min

Flashlight Capital wants KT&G to separate its ginseng unit from its tobacco business. Workers sort ginseng in Wonju, South Korea, last year. An investment firm founded by a former Carlyle Group executive has acquired a minority stake in a South Korean tobacco conglomerate and is calling for a business overhaul and the spinoff of its ginseng business, according to a letter viewed by The Wall Street Journal. Sanghyun Lee , who served as Carlyle head of Korea from 2011 to 2019, now runs Flashlight Capital Partners Pte. It has built a roughly 1% stake in KT&G according to people familiar with the matter.

☆ They were on the run from the Taliban, abandoned by their US allies — until a Wall Street banker decided to smuggle them out of Afghanistan
▼ + stars: | 2022-10-23 | by ( Nina Burleigh | ) www.businessinsider.com time to read: +29 min

His daughter worked for the US-backed government in Kabul, prosecuting the Taliban and their followers for acts of violence against women. The war in Afghanistan effectively began on 9/11, with the attacks on Wall Street and the Pentagon. Last summer, when the Taliban overran Kabul, Calbos was in Greece visiting his father. "I see kind of a mirror image to mine in his history and his family," Calbos says. With the clock ticking on the family's temporary visas, Calbos scrambled to arrange a flight out of Pakistan.

☆ Green hydrogen corridor aims to harness Spanish sunshine and decarbonize Europe's industrial north
▼ + stars: | 2022-10-12 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

"The co-operation is part of Rotterdam's ambition to supply Northwest Europe with 4.6 million tonnes of green hydrogen by 2030," it went on to add. "We are therefore setting up multiple trade lanes for green hydrogen, together with exporting countries and private businesses all over the world," he added. If the electricity used in this process comes from a renewable source such as wind or solar then some call it "green" or "renewable" hydrogen. Tuesday's announcement said Cepsa was aiming to "lead green hydrogen production in Spain and Portugal by 2030 with a production capacity of 2GW." It added that it would develop a 7 GW portfolio of renewable energy projects — including solar and wind — to produce the renewable energy required for green hydrogen generation.

☆ Exclusive: Carlyle prepares sale of Gabon oil firm Assala Energy - sources
▼ + stars: | 2022-10-12 | by ( Ron Bousso | Patrick Werr | ) www.reuters.com time to read: +2 min

SummarySummary Companies Carlyle hopes to raise over $1 billion from sale -sourcesAssala acquired in 2017 with Shell deal in GabonLONDON, Oct 11 (Reuters) - Private equity fund Carlyle Group (CG.O) is preparing to launch the sale of its Gabon-focused oil and gas producer Assala Energy, hoping to raise over $1 billion amid high global energy prices, industry sources said. Carlyle International Energy Partners, the fund's energy arm, first invested in Assala in 2017 when it acquired Shell's (SHEL.L) operations in Gabon for $628 million. Soaring oil and gas prices over the past year offer a favourable backdrop for energy companies to sell assets, although the long-term outlook for fossil fuel prices remains uncertain as economies shift to low-carbon energy. Carlyle's other investments include North Sea-focused Neptune Energy and European refiner Varo Energy. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ron Bousso Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Inflation has yet to peak, CFOs say, and recession is already here or soon to hit
▼ + stars: | 2022-09-29 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

The CNBC CFO Council survey is a sample of the current outlook among top financial officers. More than a quarter of the CFOs say inflation is the biggest external risk factor facing their businesses. With persistent inflation, CFOs have shifted their view regarding the timing of a recession as a result of the Fed's rate hikes. Nineteen percent of CFOs now say they expect a recession in the fourth quarter of this year, up from 13% in Q2. The CNBC survey finds companies still in hiring mode, with 57% of CFOs saying they expect to add to headcount in the next year.

☆ Watch live: Virginia Gov. Glenn Youngkin interviewed at CNBC's Delivering Alpha conference
▼ + stars: | 2022-09-28 | by ( Emma Kinery | ) www.cnbc.com time to read: 1 min

Virginia Republican Gov. Glenn Youngkin sits down with CNBC Senior Congressional Correspondent Ylan Mui at CNBC's Delivering Alpha conference Wednesday. Youngkin previously was the co-chief executive officer of The Carlyle Group, one of the world's most influential private equity firms, where he worked for 25 years before retiring. As governor, Youngkin has declared Virginia "open for business" and sought to attract companies to the state, but has also faced backlash for his controversial culture-war stances. Virginia is ranked third in CNBC's America's Top States for Business in 2022 after holding the top spot for the previous two consecutive years.

☆ Private equity funds approach Italy's Serie A to explore media rights deal -sources
▼ + stars: | 2022-09-28 | by ( Elvira Pollina | ) www.reuters.com time to read: +2 min

The approach by the four private equity firms comes after Serie A last year failed to reach a media rights deal worth 1.7 billion euros ($1.7 billion) with a group of funds led by CVC Capital Partners due to opposition from some of its clubs, including Juventus (JUVE.MI) and Lazio (LAZI.MI). The sources, who declined to be named because talks are confidential, said representatives for Apax, Carlyle and Three Hills met with Serie A top executives earlier this week. One of the sources said the three funds, which are working with Italian law firm Zoppini, could present a joint preliminary proposal in the next few days. Searchlight representatives held a separate meeting with Serie A chiefs, the sources said, adding the fund is also considering submitting a formal expression of interest. The funds' interest was briefly discussed at a closed-door meeting the 20 Serie A clubs held in Milan on Wednesday, the sources said, adding Serie A would share with the clubs any proposal from the private equity investors.

☆ Waiting for market bottom is a mistake and investors should buy now, David Rubenstein says
▼ + stars: | 2022-09-28 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Investors looking to scoop up deals and position themselves for long-term growth should act now instead of waiting for stocks to bottom, David Rubenstein said Wednesday. "People shouldn't be afraid of going in and buying things now," The Carlyle Group co-founder said during CNBC's Delivering Alpha Investor Summit in New York City. He also noted that investors should start buying now rather than try to time the market bottom. Still, for investors that want to take advantage of the market, she recommends active management. "You have to find active [management] and you have to go into thematic areas where you can generate some returns," she said.

☆ Virginia Gov. Youngkin predicts GOP midterm wins could help ease recession fears
▼ + stars: | 2022-09-28 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

Virginia Governor Glenn Youngkin predicts that Republican gains in the 2022 midterms could help curb recession fears. Youngkin, a Republican, said Americans generally think his party will take back the House and that he's "cautiously optimistic" they will also retake the Senate as well. Youngkin has declared Virginia "open for business" and sought to attract companies to the state. Youngkin predicted that Republican gains in the 2022 midterms could boost the economy in the same way that, he says, former President Donald Trump's 2016 win did. When Donald Trump won all of the sudden optimism went back into the market and we avoided a recession."

☆ WATCH: Billionaire investor David Rubenstein breaks down the key qualities of the greatest money managers he's interviewed — and the most important things you should consider before buying index funds
▼ + stars: | 2022-09-27 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

David Rubenstein says defying conventional wisdom is a top trait of great investors. Average investors should stick to index funds or bond index funds that track the market. Rubenstein shared the top three traits of a great investor, the first of which is the ability to defy conventional wisdom. Finally, these great investors embody an intellectual curiosity that exceeds the average person's. When it comes to advise for someone who isn't a professional investor or doesn't have time for in-depth research, Rubenstein recommends sticking to index funds or bond index funds that track the market.

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