Carlyle Group to Launch Wealth Channel-Focused Private Equity Fund

In a recent announcement during the firm's fourth quarter and full-year 2023 results, Carlyle Group's CEO Harvey Schwartz unveiled plans for a forthcoming private-equity-focused offering tailored for the wealth channel. While specifics regarding the product were not disclosed, Schwartz highlighted the firm's success in accumulating $50 billion in inflows from the wealth channel since its inception, indicating ongoing growth in the strategy.

This new offering follows the introduction of Carlyle's PE secondaries fund, the Carlyle AlpInvest Private Markets Fund (CAPM), which became available to individual high-net-worth investors in January of the previous year. CAPM provides access to the same core investment strategies offered to institutional investors, enabling individuals to participate in all investments made by Carlyle subsidiary AlpInvest with a minimum investment of $50,000.

Unlike traditional private equity structures, CAPM doesn't involve capital calls, allowing investors immediate exposure to a diversified PE portfolio through secondaries transactions and direct equity co-investments. Focused on the US buyout market, CAPM boasts a liquidity feature and achieved a net asset value of $311.6 million as of December 31, 2023, delivering total returns of 17.5 percent since inception. Alongside CAPM, Carlyle Tactical Private Credit Fund, its retail credit fund, has been active in the market since June 2018, underscoring Carlyle's commitment to providing innovative investment solutions for a diverse range of investors.