Carlyle to Accelerate IPO Activity, Targets Up to $5 Billion in Exits by 2025
Deal News | Mar 03, 2025 | EIN
Carlyle Group, a prominent private equity firm based in Washington, is preparing to expedite IPOs of its portfolio companies in anticipation of an upturn in U.S. dealmaking. The firm aims to divest $4 billion to $5 billion this year through public offerings or investment sales, aligning with its 2024 exit figures. Despite sluggish start to U.S. mergers due to trade concerns, Carlyle remains optimistic about a resurgence in activity, spurred by market clarity over interest rates and a stable inflation rate. Most of Carlyle's businesses, being service-oriented, are shielded from potential tariff impacts. The group's recent financials showed a slight profit miss, but strong past performance of its U.S. buyout funds bolsters its confidence in the strategy going forward.
Sectors
- Private Equity
- Mergers and Acquisitions
- Stock Market
Geography
- United States – The article discusses the U.S. market conditions and plan of Carlyle Group's activities primarily within the U.S.
Industry
- Private Equity – The article focuses on Carlyle Group, a major player in the private equity industry, discussing its strategies and performance.
- Mergers and Acquisitions – Carlyle's plans involve mergers, acquisitions, and IPOs as part of their portfolio exit strategy.
- Stock Market – Carlyle's exit strategy through IPOs is directly related to stock market activity and valuations.
Financials
- 4 to 5 billion USD – Projected exit amount via IPOs or sales of investments for the year.
- 209.6 million USD – Carlyle's global private equity business distributable earnings for the quarter ended December 31.
- 15% and 21% – Performance growth of Carlyle's two most recent U.S. buyout funds last year.
- 276.1 million USD – Carlyle's private equity distributable earnings one year earlier.
- 441.7 billion USD – Global M&A volumes so far this year.
- 523.4 billion USD – Global M&A volumes during the same period a year ago.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Carlyle Group | Private Equity Firm | Company | A leading global private equity firm based in Washington, focusing on investing and managing a variety of asset classes. |
| Brian Bernasek | Co-Head of Americas Private Equity at Carlyle | Person | Responsible for overseeing Carlyle's private equity investments in the Americas. |
| Steve Wise | Co-Head of Americas Private Equity at Carlyle | Person | Shares responsibilities with Brian Bernasek for Carlyle's private equity initiatives in the Americas. |