Global Credit platform, Carlyle's infrastructure group, which now has more than $4 billion of assets under management across six different focus areas, has launched a renewable energy strategy, according to a transcript of the firm’s fourth quarter earnings call.
The firm said the focus for 2020 is to develop its infrastructure credit business.
Glenn Youngkin, co-CEO, said during the call, “First, we remain focused on growing our platform. We have several sources of near-term and long-term growth. We expect global credit to generate improved financial results, both revenues and earnings, in 2020 and thereafter. We have made significant investments over the past few years, and we should see solid FRE contribution, as AUM and revenues grow. We will continue to scale our next-generation funds. For example, this year includes, among others, substantial fundraising targets for several AlpInvest and aviation funds, helping drive the Investment Solutions and Glob
