The co-chief executive officer of the Carlyle Group believes the buyout firm has a "responsibility" to take advantage of an attractive financing environment in the US, where the said "high-yield market has become a low-yield market".

Carlyle published its figures for the third-quarter yesterday and on a call accompanying the results, co-CEO William Conway said: "We have a responsibility to take advantage of attractive financing while it is being offered but we also have a responsibility to make sure we are positioned correctly as we know it will not go on for ever.