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The firm's co-chief executive is optimistic dealmaking will return this year, with 2024 potentially marking a 'sweet spot year' for returns, he told attendees at PEI Group’s NEXUS 2024 summit.
Speaking at PEI Group's NEXUS 2024 summit, the Carlyle co-founder said his firm could have done a better job developing its non-institutional offering in the past.
A blue sphere sitting at the top of a growing graph
Chief executive Harvey Schwartz identified the firm's wealth business as one of its key strategic objectives for 2024.
Paper currencies, courtesy of Getty Images.
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fundraising
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Firms are extending timelines and moderating targets as they navigate a difficult fundraising environment.
Businessman working with electronic money on a tablet.
Technology-related sales platforms will play a role in the wealth unit's scale-up, according to wealth management chief Raj Dhanda.
'I’m personally spending a fair amount of time in this space,' Carlyle CEO Harvey Schwartz said. 'It’s a big initiative for me.'
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