Carlyle: Keep calm about carry; Apollo fund climbs out of clawback

The CFOs of the two private equity giants addressed issues around carried interest that arose in first-quarter results.

Isobel Markham and Carmela Mendoza give us rundowns of second-quarter results from Apollo Global Management and Carlyle Group. Carlyle CFO Curt Buser addressed expectations for carried interest in the second half, and beyond into 2021, saying “patience is the right word”.

Apollo CFO Martin Kelly also outlined the clawback situation across funds, and for its $18.38 billion Fund VIII, in particular.

Insights on that and much more from the PEI crew in the links above.

Email prepared by Graham Bippart