MUMBAI: Fundraising for private equity (PE) firms is likely to slow down in the short term as investors, also know as limited partners (LP), may adopt a cautious approach due to the disruptions caused by the covid-19 pandemic, US private equity major Carlyle's co-chief executive officer (CEO) Kewsong Lee said in an investor call. "Fundraising in aggregate will likely slow down in the short term as investors try to understand the current environment and their own specific needs," said Lee Carlyle on Thursday announced its results for the March quarter of calendar year 2020.
The firm said its assets under management (AUM) declined 2% year-on-year to $217 billion. "LPs are assessing the impact on their portfolios and evaluating the
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