Gillian Tan, Columnist

Carlyle's Big Ambitions

Bolstering its credit arm will ensure the firm isn't overly reliant on its core private equity business.

October 26, 2016 at 8:10 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

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Carlyle Group is crashing the credit party, and that should please shareholders.

In announcing third-quarter results Wednesday, the Washington-based investment firm all but waved the white flag when referring to its dwindling hedge-fund unit, and said its global market strategies group will focus instead on expanding its debt business. The move is positive as it ensures Carlyle remains diversified and doesn't become super-reliant on its larger private equity unit, which can drive unpredictable swings in earnings.