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Gillian Tan

Carlyle's Plan Is Right on Track

A strong second-quarter showing signals a path to an improved valuation.
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As new parents can confirm, a lot can happen in nine months.

For Carlyle Group LP, it has been that long since the firm declared a goal of raising $100 billion within four years, an ambition that -- at the time -- I wrote was realistic. The Washington-based firm's second-quarter results released Wednesday have me feeling comfortable about my prediction.