Investing
Carlyle dismantling US consumer investing team – Bloomberg News
© Reuters.
(Reuters) – Private equity firm Carlyle Group (NASDAQ:) is dismantling its U.S. consumer, media and retail investing team as it shifts focus to sectors such as healthcare and technology, Bloomberg News reported on Monday, citing people familiar with the matter.
Four dealmakers focused on the sectors the company is pulling back from were asked to leave in the past week, according to the report.
This comes months after Carlyle hired Harvey Schwartz, a former Goldman Sachs executive, as its CEO.
Schwartz has been looking to cut back on expenses to improve the company’s stock price, the Bloomberg report said.
Carlyle did not immediately respond to Reuters’ request for a comment.
The reorganization would result in job changes or eliminations for about a dozen staff, the report said, adding the company would continue chasing such investments in Europe and Asia.
The company will also focus on government services, industrials and financial services, the report added.
Read the full article here
Elon Musk Is Set to Announce Tesla Robotaxis—What to Expect
Oldest Children Like Bezos, Musk Have 2 Leadership Qualities
4 Ways to Prepare for Venture Capital Funding
4 Marketing Triggers to Set Up Now to Supercharge Your New Year
Social Security cost-of-living adjustment will be 2.5% in 2025, less than prior year
Mark Zuckerberg Is Now Second Richest Person in the World
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
How to Be Unapologetically You and Why It Matters
With AI Magicx, It’s Like Getting an Entire Creative Team in One Money-Saving AI Tool
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles6 days agoMark Zuckerberg Is Now Second Richest Person in the World
-
Investing6 days agoNvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles7 days agoHow to Be Unapologetically You and Why It Matters
-
Side Hustles7 days agoWith AI Magicx, It’s Like Getting an Entire Creative Team in One Money-Saving AI Tool
-
Side Hustles6 days agoMeta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing4 days agoHurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Passive Income7 days agoHow AI-Driven Personalization Is Transforming the Retail Industry
-
Investing6 days agoBCA says investors should fade the real estate rally By Investing.com