Carlyle reassures investors over software concerns

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Carlyle reassures investors over software concerns

privateequitywire

4 months ago

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Carlyle has reported full-year profit, seeking to reassure investors over potential disruption to the technology sector from AI, stating its software exposure sits at around 6% of the portfolio, according to a report by Reuters.
CFO Justin Plouffe said the firm was “not overweight or underweight” in software on a call with analysts. Distributable earnings increased 13.7% year on year to $436m, or $1.01 per share, supported by stronger performance in the private equity platform alongside gains in...

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