Carlyle Group (CG) Raises $20B for Private Equity Secondaries Fund

 

• Carlyle Group's AlpInvest successfully raises $20 billion for its global private equity secondaries initiative.
• Analysts project an average one-year target price of $67.90 for Carlyle Group, indicating a potential upside.

Carlyle Group (CG, Financial) has made a significant stride with its division, Carlyle AlpInvest, successfully securing an impressive $20 billion for its global private equity secondaries initiative. The standout achievement is the AlpInvest Secondaries Fund VIII, which reached its hard cap with $15 billion. This includes $3.2 billion in co-investments and an additional $2 billion dedicated to private wealth investments, reflecting strong investor confidence and strategic growth initiatives.

Delving into the forecasted price targets from 16 analysts, The Carlyle Group Inc (CG, Financial) is expected to achieve an average target price of $67.90 over the next year. The high estimate stands at $83.00, while the low is $44.11. This average target presents a potential upside of 5.10% from the current stock price of $64.60, offering a glimpse of promising returns for investors. For more in-depth estimate data, visit the The Carlyle Group Inc (CG) Forecast page.

The consensus among 18 brokerage firms provides The Carlyle Group Inc (CG, Financial) with an average brokerage recommendation of 2.4, signifying an "Outperform" status. The recommendation scale ranges from 1 to 5, where 1 is Strong Buy and 5 is Sell, highlighting general optimism towards the stock's performance.

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