KKR Eyes $20B New North America Fund In Tough Market: Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
0mins
Should l Buy CG?
Source: Benzinga
- KKR's Fundraising Efforts: KKR is targeting $20 billion from investors for its North America private equity fund, aiming for a high teens net IRR and planning to deploy 20% to 25% of its capital annually.
- Comparison with Other Funds: KKR's previous North American fund achieved a net IRR of 20.5%, while Carlyle Group Inc's 2018 fund reported 8% and Bain Capital's 2017 fund reported 17.1%.
- Investor Confidence Test: KKR's fundraising will test investor confidence in its recent performance in regional buyouts.
- Employee Ownership Program: KKR has committed to offering equity to rank-and-file employees of its portfolio companies in North America, leading to higher revenue, improved productivity, and lower turnover.
- Stock Performance: KKR stock has gained over 105% in the last 12 months, with exposure available through specific ETFs.
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Analyst Views on CG
Wall Street analysts forecast CG stock price to rise
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 51.660
Low
53.00
Averages
67.91
High
83.00
Current: 51.660
Low
53.00
Averages
67.91
High
83.00
About CG
The Carlyle Group Inc. is a global investment company. The Company's segments include Global Private Equity, Global Credit and Carlyle AlpInvest. The Global Private Equity segment advises the Company's buyout, growth, real estate, infrastructure, and natural resources funds. The segment also includes the NGP Carry Funds advised by NGP Energy Capital Management (NGP). The Global Credit segment advises funds and vehicles that pursue investment strategies including insurance solutions, liquid credit, opportunistic credit, direct lending, asset-backed finance, aviation finance, infrastructure credit, cross-platform credit products, and global capital markets. The Carlyle AlpInvest segment advises global private equity programs that pursue secondary purchases and financing of existing portfolios, managed co-investment programs, and primary fund investments. The Carlyle AlpInvest segment helps investors meet their objectives through tailored portfolio construction and investment selection.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Positive Market Reaction: In pre-market trading, Carlyle Group shares were priced at $51.55, up 0.04%, reflecting a positive market response to the buyback announcement, which may further drive stock price appreciation.
- Strategic Implications: This buyback program not only reflects confidence in the company's financial health but also has the potential to attract more investor attention, thereby strengthening the firm's position in a competitive investment landscape.
See More
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- Earnings Growth Expectations: The firm anticipates fee-related earnings exceeding $1.9 billion by 2028, up from $1.2 billion in 2025, reflecting ongoing optimization in management fees and investment returns.
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