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The Carlyle Group
The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and private credit. It is one of the largest mega-funds in the world. In 2015, Carlyle was the world's largest private equity firm by capital raised over the previous five years, according to the PEI 300 index, though by 2020, it had slipped into second place. Founded in 1987 in Washington, D.C., by William E. Conway Jr., Stephen L. Norris, David Rubenstein, Daniel A. D'Aniello and Greg Rosenbaum, the company has nearly 1,850 employees in 26 offices on six continents . On May 3, 2012, Carlyle completed a million initial public offering and began trading on the NASDAQ stock exchange. History Founding and early history Carlyle was founded in 1987 as an investment banking boutique by five partners with backgrounds in finance and government: W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Management
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings or equipment) and to intangible assets (such as human capital, intellectual property, goodwill or financial assets). Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks, and performance attributes). The term is commonly used in the financial sector to describe people and companies who manage investments on behalf of others. Those include, for example, investment managers that manage the assets of a pension fund. It is also increasingly used in both the business world and public infrastructure sectors to ensure a coordinated approach to the optimization of costs, risks, service/performance, and sustainability. IS ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marriott Corporation
Marriott Corporation was a hospitality company that operated from 1927 until 1993, founded by J. Willard Marriott and Frank J. Kimball as Hot Shoppes, Inc. In 1957, Marriott Corporation opened its first hotel in Arlington County, Virginia, Arlington County, Virginia, United States as the Twin Bridges Motor Hotel (demolished 1990). Marriott Corporation's first international property was opened in Acapulco, Acapulco, Mexico, in 1969. Hot Shoppes became Marriott Corporation in 1967, which subsequently split into Marriott International, Inc. and Host Marriott Corporation in 1993. History J. Willard Marriott, who had moved away with his business partner Hugh Colton and his wife Alice from Utah to Washington, D.C., in 1927, where he operated a curbside food stand selling A&W Root Beer in the Columbia Heights, Washington, D.C., Columbia Heights neighborhood of Washington at 14th Street (Washington, D.C.), 14th Street and Park Road NW. He would later rename the food stand The Hot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carter Administration
Jimmy Carter's tenure as the 39th president of the United States began with his inauguration on January 20, 1977, and ended on January 20, 1981. A Democrat from Georgia, Carter took office after defeating incumbent Republican President Gerald Ford in the 1976 election. His presidency ended following his defeat in the 1980 election by Republican Ronald Reagan. Carter took office during a period of "stagflation," as the economy experienced a combination of high inflation and slow economic growth. His budgetary policies centered on taming inflation by reducing deficits and government spending. Responding to energy concerns that had persisted through much of the 1970s, his administration enacted a national energy policy designed for long-term energy conservation and the development of alternative resources. In the short term the country was beset by an energy crisis in 1979 which was overlapped by a recession in 1980. Carter sought reforms to the country's welfare, health ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Carlyle
Thomas Carlyle (4 December 17955 February 1881) was a Scottish essayist, historian and philosopher. A leading writer of the Victorian era, he exerted a profound influence on 19th-century art, literature and philosophy. Born in Ecclefechan, Dumfriesshire, Carlyle attended the University of Edinburgh where he excelled in mathematics, inventing the Carlyle circle. After finishing the arts course, he prepared to become a minister in the Burgher Church while working as a schoolmaster. He quit these and several other endeavours before settling on literature, writing for the ''Edinburgh Encyclopædia'' and working as a translator. He found initial success as a disseminator of German literature, then little-known to English readers, through his translations, his ''Life of'' ''Friedrich Schiller'' (1825), and his review essays for various journals. His first major work was a novel entitled ''Sartor Resartus'' (1833–34). After relocating to London, he became famous with his ''French Rev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York (state), New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban area, urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carlyle Hotel
The Carlyle Hotel, known formally as The Carlyle, A Rosewood Hotel, is a combination luxury apartment hotel located at 35 East 76th Street on the northeast corner of Madison Avenue and East 76th Street, on the Upper East Side of New York City. Opened in 1930, the hotel was designed in Art Deco style and was named after Scottish essayist Thomas Carlyle. Owned since 2001 by Rosewood Hotels & Resorts, the Carlyle is a cooperative with 190 rental rooms and suites, and 60 privately owned residences. Out of the Depression The Carlyle was built by Moses Ginsberg, maternal grandfather of Rona Jaffe. Designed by architects Sylvan Bien and Harry M. Prince, it opened as an apartment hotel, with apartments costing up to $1 million a year. Apartment hotels had become increasingly popular since World War I. As the economy boomed and skyscrapers rose, New York was transforming so quickly that owning a townhouse began to fall out of fashion. The new thirty-five floor hotel "was to be a masterpi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Washington Post
''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large national audience. Daily broadsheet editions are printed for D.C., Maryland, and Virginia. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. Financier Eugene Meyer purchased it out of bankruptcy in 1933 and revived its health and reputation, work continued by his successors Katharine and Phil Graham (Meyer's daughter and son-in-law), who bought out several rival publications. The ''Post'' 1971 printing of the Pentagon Papers helped spur opposition to the Vietnam War. Subsequently, in the best-known episode in the newspaper's history, reporters Bob Woodward and Carl Bernstein led the American press's investigation into what became known as the Watergate scandal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic trade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PEI 50
Below is a list of notable private-equity firms. Largest private-equity firms by PE capital raised Each year Private Equity International publishes the PEI 300, a ranking of the largest private-equity firms by how much capital they have raised for private-equity investment in the last five years: List of investment banking private-equity groups ^ Defunct banking institution Notable private-equity firms Americas * 3G Capital * ABS Capital * Accel-KKR * Advent International * AEA Investors * American Securities * Angelo, Gordon & Co. * Apollo Management * Ares Management * Arlington Capital Partners * Auldbrass Partners * Avenue Capital Group * Avista Capital Partners * Bain Capital * BDT Capital Partners * Berkshire Partners * Blackstone Group * Blum Capital * Brentwood Associates * Brockway Moran & Partners * Brookfield * Bruckmann, Rosser, Sherrill & Co. * Brynwood Partners * Brysam Global Partners * Caisse de dépôt et placement du Québec * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Credit
Private credit is an asset defined by non-bank lending where the debt is not issued or traded on the public markets. ''Private credit'' can also be referred to as "direct lending" or " private lending". It is a subset of "alternative credit". The private credit market has shifted away from banks in recent decades. In 1994, U.S. bank underwriting covered over 70 percent of middle market loans. By 2020, U.S. banks issued/held around 10 percent of middle market loans. Direct lending market expanded rapidly in the wake of the 2008 financial crises when the SEC tightened restrictions and capital requirements on public banks. As banks decreased their lending activity, nonbank lenders took their place to address the continued demand for debt financing from corporate borrowers. The direct lending market expanded rapidly in the wake of the 2008 financial crises when the SEC tightened restrictions and capital requirements on public banks. As banks decreased their lending activity, nonb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
