The Ledger
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Ballou: Carlyle Escaped ManorCare Wrongful Death Suit Through Fund Shell Structure
“When the family of that resident sued for wrongful death, Carlisle was able to get the case against it dismissed, saying that it was not the technical owner of the nursing home chain, but rather merely advised a series of funds whose limited partners through s…”
Biscardi: Mid-tier funds are struggling to raise capital in the Middle East
“The funds at the top of the game are still, I think, doing really well there, but they've been there for 20 years. KKR, Blackstone, Carlisle. The next tier down, if you're a twenty billion dollar fund, a fifty billion dollar fund, and you don't have the same b…”
Rubenstein: Carlyle pioneered the multi-product platform model in private equity
“If Carlisle was innovative in anything, it was probably the idea that we would try to create a fidelity or a T. Rowe price of private equity, which is to say, We wouldn't have one buyout fund every four years. We'd have a buyout fund, and then after we raised …”
Fund Managers' Purported 'Trade Secrets' Are Already Known to Competitors
“It is amazing to me how often managers say, oh, I can't tell you that because that is a trade secret or that's our secret. It is not a secret from anyone. All of your competitors know it. Let's say that Apollo told me that. I could call Carlisle and they'd be …”
Public PE firms face intense pressure to prioritize fee-related earnings
“I think there's certainly more pressure to change the business model once you go public. And I think we've seen that with Carlisle, we've seen that with Blackstone, a greater focus on fee-related earnings, on growing the number of strategies.”