An economic recovery in the U.S. is likely to be more challenging than in China, according to Kewsong Lee, co-chief executive officer of Carlyle Group Inc. The Carlyle Group | 172,788 followers on LinkedIn. Mr. Lee joined Carlyle in 2013 as Deputy Chief Investment Officer for Corporate Private Equity and in 2016 he assumed the additional role of leading the Global Credit segment. 10:14 Wed, Dec 11 2019 10:59 AM EST Carlyle Group said its co-chief executive Glenn Youngkin will step down, leaving Kewsong Lee in sole charge of one of the worldâs largest private-equity firms. A Division of NBCUniversal. LinkedIn . ; Billionaire NYC hedge fund CEO Daniel Loeb spent $20 ⦠The following is the unofficial transcript of a CNBC EXCLUSIVE interview with The Carlyle Group Co-CEO Kewsong Lee and CNBC's Wilfred Frost which aired ⦠Carlyle CEO Kewsong Lee, along with Chief Financial Officer Curt Buser and Head of Public Market Investor Relations Daniel Harris, will review the results during the call. Kewsong Lee Photographer: Christopher Goodney/Bloomberg Carlyle Group Inc. has established a $4.1 billion credit line that ties borrowing costs to ⦠CEO Kewsong Lee says there was a 'huge cross sell' between AlpInvest and the rest of Carlyle, with more than 40% of LPs invested in both. Carlyle is a global investment firm with $246 billion of assets under management. The buyout firm has structured the revolver for its Americas corporate private equity funds, with pricing of the debt depending on whether they meet a previously set target of 30% diverse directors on their boards within two years of ownership. This week Carlyle Co-CEOs Kewsong Lee and Glenn Youngkin shared the following message with our people around the world 2020-028 Dear Global Colleagues â We remain grateful for all that you are doing to navigate through these extraordinary times. We want to hear from you. âAt Carlyle, women leaders manage more than half of our assets under management, and it has helped us perform better at every level,â said Carlyle CEO Kewsong Lee. Before it's here, it's on the Bloomberg Terminal. Read more about The Carlyle Group to Announce Second Quarter 2020 Financial Results and Host Investor Conference Call; The Carlyle Group Co ⦠Carlyle Group Inc. has established a $4.1 billion credit line that ties borrowing costs to how well its portfolio companies achieve board diversity goals. He is the chairman of Carlyle's Executive Group, and was elected to the board of directors effective January 1, 2018. But inside the firm, Kewsong Lee ⦠Read more about Glenn Youngkin to Retire as Co-CEO after 25 years; Kewsong Lee Named Sole CEO of The Carlyle Group ; The Carlyle Group to Announce Second Quarter 2020 Financial Results and Host Investor Conference Call . Effective Jan. 1, Kewsong Lee and Glenn A. Youngkin will become co-CEOs of ⦠Carlyle CEO Kewsong Lee is laser-focused on growing in credit, and these 14 people are helping lead the charge. Kewsong Lee currently serves as co-chief executive officer of Carlyle, and will assume the role of chief executive officer effective September 30, 2020. The Carlyle Group's lending division has been a major focus of the firm's CEO Kewsong Lee. Bank of America Corp. is leading Carlyle’s facility, which is backed by a consortium of global financial institutions, according to the statement. News Release. The firm has about $246 billion of assets under management as of Dec. 31. Helicopter Money Shouldn’t Be Ruled Out, Riksbank Official S... ECB’s Yield Watch, Hungary Rates, Powell Pressure: Eco Day. Carlyle will release financial results for the fourth quarter and full year of 2020 on Thursday, February 4, 2021 and host a conference call at 8:30 a.m. EST. All Rights Reserved. âWe are proud to be included in the 2021 Bloomberg Gender-Equality Index (GEI), and as we continue to heighten and refine our efforts, we will be transparent through measurement and disclosure to help drive sustainable ⦠Stimulus Froth, Yield Watch, Hard-Line Stances at WTO: Eco D... Petrobras Craters, Real Falls in Brazil’s Worst Rout in Mont... Tech Drags Nasdaq 100 to Three-Week Low; Oil Jumps: Markets... Revolver structured for its Americas private equity funds, Debt price tied to previously set target of 30% diversity, Photographer: Christopher Goodney/Bloomberg. The firm said Wednesday its research over the past three years indicates that its portfolio companies with two or more diverse board members have seen average earnings growth of 12% greater per year versus those lacking diversity. William has 2 jobs listed on their profile. Kewsong Lee, chief executive officer of The Carlyle Group, last month told a California State Teachersâ Retirement System committee he hoped for a âchange in tonalityâ in the relationship between the US and China under president Joe Biden. He is on the Board of Directors at The Carlyle Group LP, Aeolus Re Ltd., Consolidated Precision Products Corp., Lincoln Center Theatre, Total Safety US, Inc. and Choate Rosemary Hall. Kewsong Lee, co-chief executive officer of Carlyle Group LP. Last year, Alliance Residential sold a 130,000-unit portfolio to Greystar for $200 million. Kewsong Lee Kewsong Lee is the Chief Executive Officer of Carlyle, Chairman of the Executive Group, and was elected to the Board of Directors effective January 1, 2018. Rem has 5 jobs listed on their profile. From 2011-2016, Adam worked at The Carlyle Group as aide to William Conway (Founder and co-Executive Chairman), Edward Mathias (former Board Member) and Kewsong Lee ⦠Carlyle Group Inc. posted gains across its fund segments last quarter, as the alternative-asset manager kept finding investment opportunities in a pandemic weighing on the economy. The money would then be repaid once capital is called from the funds’ investors, a Carlyle representative said. The credit team has nearly doubled its assets under management over the past four years. Kewsong Lee, co-CEO of The Carlyle Group, joins CNBC's Wilfred Frost to discuss the firm's strategy, private equity market valuations and more. View William Leeâs profile on LinkedIn, the world's largest professional community. Carlyle Group on Oct. 25 unveiled a series a series of executive changes. Twitter Facebook LinkedIn Instagram. Vedanta Considers Bond Sale Ahead of Open Offer for India Un... Hong Kong’s Record Budget Deficit Limits Room for Stimulus. Never Mind Yield Curves, What’s Negative Convexity? Carlyle also plans to host its first Investor Day since becoming a corporation on Tuesday, February 23, 2021 during which CEO Kewsong Lee and the senior leadership team will discuss the firmâs strategic plan to accelerate growth. Lee has been married to his wife Zita Ezpeleta for over 25 years, and they have two adult children. Mr. Lee joined Carlyle in 2013 as Deputy Chief Investment Officer for Corporate Private Equity and in 2016 he assumed the additional role of leading the Global Credit segment. 02:39 Wed, Dec 11 2019 3:47 PM EST In July, it said it wanted 30% diversity on boards of companies controlled by its private equity group by 2023. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. To register in advance click He earned his AB in applied mathematics in economics at Harvard College and his MBA from Harvard Business School. Kewsong Lee, co-CEO of The Carlyle Group, discusses the battle between Taylor Swift and Big Machine Records over the rights to her music. Kewsong Lee, who has worked as co-CEO with Youngkin, will become Carlyleâs CEO. Wed, 17 February 2021. Pfizer-BioNTech Shot Stops Covid Spread, Israeli Study Shows, Bitcoin Declines After Musk Hints That Prices Are Excessive, Lucid Motors Is Said to Near Deal to List Via Klein’s SPAC, Facebook Ends Australia News Blackout After Law Compromise, Elon Musk’s Bitcoin Tweet Hurts Tesla’s Own Bet in Currency. Kewsong Lee is the Chief Executive Officer of Carlyle, Chairman of the Executive Group, and was elected to the Board of Directors effective January 1, 2018. Kewsong Lee currently serves as co-chief executive officer of Carlyle, and will assume the role of chief executive officer effective September 30, 2020. Mr. Kewsong Lee is Co-Chief Executive Officer at The Carlyle Group LP. It has $223bn of assets under management with investments across a suite of industries, including healthcare, energy and real estate. Lee served as the lead director of Arch Capital Group from 2009 to 2017, and has served on numerous corporate boards including, among others, Transdigm and Aramark. Have a confidential tip for our reporters? Got a confidential news tip? Get this delivered to your inbox, and more info about our products and services. “We are improving outcomes with an innovative financing vehicle for our corporate private equity funds that directly supports the firm’s ongoing commitment to increasing board diversity,” Carlyle’s Chief Executive Officer Kewsong Lee said. Carlyleâs expansion over the years has seen it become one of the largest and most recognisable global investment houses. Send to . Carlyle Announces Largest ESG-Linked Credit Facility in the US at $4.1 Billion and First-Ever Exclusively Tied to Board Diversity . Google plus . Kewsong Lee and Glenn Youngkin of Carlyle Group LP are ushering in private equityâs second generation. Carlyle Earnings Climb on Strong Growth in U.S., Asia Third-quarter profit totaled $295.5 million, up from $92.2 million a year earlier Kewsong Lee, CEO of Carlyle Group, in New York in 2018.
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