Carlyle CEO Says Credit on ‘Worry List,’ But Sees Resilience

Carlyle Group Inc.’s Harvey Schwartz said recent volatility in credit markets is on his “worry list” as the firm’s chief executive officer, but so far he sees nothing that suggests conditions are deteriorating.

Looking at Carlyle’s portfolio companies, “data suggests that companies are growing, employment is steady, inflation is a little sticky, but there’s nothing in the immediate horizon that suggests that things are crumbling,” Schwartz said in an Oct. 19 interview on Bloomberg Television. “Having said that, late cycle, it should be on a worry list.”