Carlyle held a conference call with its investors "to demonstrate that we understand what is happening and we are taking good care of our portfolio. We are looking for choice investment opportunities in the midst of this market tumult," according to WaPo.
The firm's co-founders, Bill Conway, Dan D'Aniello and David Rubenstein were all on the call.
The big plays are going to be in the banking sector:
While there may be fewer deals, Carlyle is trolling the bruised financial sector, looking for bargain-basement prices, according to Carlyle insiders who declined to speak for the record because they are not authorized. Carlyle made a relatively smallish deal last July in Boston Private Financial Holdings, Inc.
Look for more, and bigger deals by Carlyle in the financial sector.
