The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 14 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Carlyle, Hg Capital, and SoftBank Used NAV Loans for Distributions
“Carlyle, HG Capital, and SoftBank reportedly used NAV loans to distribute capital this year.”
Rubenstein: Carlyle stock performed better after founders stepped back
“Our stock price has done much better under this way than when Bill and I were running it”
Rubenstein: Blackstone, Carlyle, KKR, Apollo make 95% of profits in developed markets
“In the end, if you look at the large firms that we're now talking about, and I'll use the four big ones, Blackstone, Carlyle, KKR, and Apollo. They make 95% of their money in the developed markets. I'm counting China and India, I suppose, is developed for this…”
Khajuria: Blackstone and Carlyle are the big tech equivalents of finance
“You need to, as somebody with a retirement account, know about Blackstone, Cardile, etc. You should, because these are kind of the equivalent of those big tech names that I talked about. It's big finance, or it's what I call, you know, mainstream active asset …”
Stavros: Top PE firms each control up to one million employees
“Or in a more concentrated way, could you convince Blackstone, Carlyle, TPG, Apollo, Aries, Warburg, Pincus, Bain, a handful of companies which each control half a million, million employees.”
Giannini: Top PE firms succeed with small, shared decision-making teams
“When you look at KKR, there's two people. When you look at Carlyle, there's three people. When you look at some of the great firms, That have done really well in our industry. It is not one person and it's not 15 people. So I think you have to have this group …”
Blackstone, Carlyle, and KKR reoriented their businesses around the wealth channel
“There are Many well-known institutional alternative asset managers who have now really reoriented their entire businesses around the wealth channel and the high net worth channel. Blackstone, of course, being one, Carlyle being another, KKR, but it's not limit…”
Rubenstein: Blackstone, KKR, and Apollo lacked global footprints when Carlyle expanded
“Blackstone, KKR, and Apollo really hadn't built international businesses, honestly, at that time, as we were beginning to do it.”
Rubenstein: Carlyle could have been more profitable with a cutthroat culture
“We could have made more money and been more profitable had we been more cutthroat in hindsight.”
Rubenstein: Carlyle sold Amazon at IPO and passed on Facebook and Netscape
“Well, the mistakes that I made and not pursuing Mark Zuckerberg when he was at Harvard, when my now son-in-law was prepared to introduce me to him, or when we kind of sold our stake in Amazon at the IPO. And then also a young man showed up in our office one ti…”
Rubenstein: Carlyle Group launched with four co-founders and $5M
“We had four of us at the beginning. The person from Marriott, his name was Steve Norris, joined us. Then we went out, and he recruited, with my help, another guy from Marriott, Dan Daniello, and then we recruited Bill Conway, who was then the CFO of MCI. Those…”
Rubenstein: Family office enables higher-risk investments than Carlyle allows
“I decided I would do it for a couple of reasons. One, I can diversify. Carlisle doesn't invest in every area. Two, I could be more involved in some ways by taking bigger risk if it's my money. I don't have a fiduciary responsibility to outsiders. So I could ta…”
Rubenstein: Carlyle traded at lower valuation than Blackstone due to fee neglect
“When Carlisle first went public, we were well known, but we weren't as highly valued as Blackstone because we had not focused on fees that much.”
Wolfe: Carlyle Co-Founder Bill Conway Seeded Lux Capital and Its Management Company
“Bill Conway, who was one of the founders of Carlisle, and he's not really bullish on venture. I mean, Carlisle is, you know, one of the greatest private equity and buy-off funds, But he doesn't love venture capital, but there was something, whether it was the …”