Finance
Carlyle’s Schwartz Met 2024 Goals. What He Does Next Will Define Him.
- Firm meets goals for profit margins and fee-related earnings
- Private equity unit weighed on profit in fourth quarter
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Carlyle Group Inc. Chief Executive Officer Harvey Schwartz capped his second year in the top job hitting goals he set for 2024.
Still, fourth-quarter profit narrowly missed estimates after the firm’s private equity earnings slipped. And Carlyle tempered expectations about how much in new money it could raise in the coming year.