CG - An Update On Carlyle Group After Outperformance And M&A

2024-06-21 14:30:02 ET

Summary

• Despite no longer being considered a cheap investment, CG stock remains a favorable buy with a price target of $52/share, offering long-term returns and potential upside.
• Carlyle Group has shown consistent outperformance compared to the overall market, with record fee-related earnings and strong financial results.
• Recent M&A activities, including the acquisition of Mediterranean assets, indicate potential for growth and expansion into new markets.

Dear readers/followers,

In this article, I'll update my thesis on The Carlyle Group Inc. (CG), a business I have covered in the past. During my past coverage of Carlyle, I have mostly been able to outperform the overall mean - so too was I able to outperform since the last time I wrote about the business. The last time I covered the company was over a year ago at this point, and my stake in the company is unfortunately small in size. You can find the last article on the company here. ...

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