Private Equity

Carlyle Group swings to loss

Private equity firm joins the likes of Apollo Global Management and KKR in announcing a plan to buy back its stock

Carlyle Group swung to a loss in the fourth quarter, partly because of a litigation reserve, and joined other private equity firms in planning to buy back its stock.

The Washington, DC, firm reported a loss on February 10 of $2.9 million, or 4 cents a share, compared with a profit of $16.3 million, or 23 cents a share, for the same period a year earlier.

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