Really?
May 26, 2021
The energy funds of private equity firm (click here) The Carlyle Group have underperformed the Pitchbook private equity benchmark, and its NGP funds all posted negative returns as of 4Q2020. Carlyle’s extensive exposure to oil and gas assets resulted in losses in 1Q20. For example, Chesapeake Energy filed for bankruptcy shortly after Carlyle dumped its stake after losing most of its value.
