Private equity investors will play an important role in the historic bailout just announced by congressional leaders, and there’s money to be made, according to David M. Rubenstein, co-founder of the Carlyle Group.
The Carlyle Group is one of the wealthiest and most successful private-equity firms in the world, with around $80 billion under management, $40 billion of which is in cash that is ready to be deployed, according to an article in the Washington Post online.
Rubenstein was quoted as saying “Private equity has a lot of experience buying assets at distressed prices and we expect to see a lot of attractively priced assets. It’s good that private-equity firms are in good shape and have the resources to buy some of these assets and help the system.”
Carlyle is looking to hire Wall Street private equity specialists and other financial professionals who have been orphaned by the recent turmoil, to help the firm pursue opportunities generated by the bailout and with other distressed financial properties. According to Rubenstein, Carlyle will “be on the hunt for the next 18 months” for qualified professionals looking for jobs in private equity.
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