Carlyle Group, the private equity firm, this week warned a group of its investors that they were unlikely to see returns on their money soon. In a message that underlined the swift change in fortunes of private equity groups since the credit crunch, Co-founder Bill Conway said investors should expect few new deals, adding that asset prices did not reflect grim economic realities globally. Carlyle noted that it was valuing its investment in ailing semiconductor company Freescale at 50 cents on the dollar and HD Supply at 65 cents on the dollar.

This entry was posted by Sam Jones on Wednesday, November 5th, 2008 at 5:27 and is filed under Capital markets. Tagged with bill conway, carlyle. Edit this entry.