Carlyle chief points to financing 'responsibility'

The co-chief executive of the US buyout giant says the country's 'high-yield' market has become a 'low-yield' market

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.

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