Carlyle Group Lowers Investment Minimum to 50K

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jahol000
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Joined: Fri Aug 27, 2010 3:00 pm

Carlyle Group Lowers Investment Minimum to 50K

Postby jahol000 » Wed Mar 13, 2013 11:42 am

The Carlyle Group, along with KKR and Blackstone, are making their private fund investment prowess available to the little guy. Carlyle's new funds will allow investors with as little as $50K to join the moneyed elites. Per the WSJ, Carlyle will impose its standard "money management" fees of 1.5%/year and 20% of profits. PLUS, Central Park Group will charge an additional fee of 1.8% to "manage the fund" and pay brokers to sell it to investors. Combined that's an annual fee of 3.3%, plus 20% of any profits. Excuse me if I don't sign up.

NYBoglehead
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Re: Carlyle Group Lowers Investment Minimum to 50K

Postby NYBoglehead » Wed Mar 13, 2013 12:02 pm

Yeah no kidding. These guys are unbelievable. $50k? No thanks. Wouldn't do it for $500.

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Random Musings
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Location: Pennsylvania

Re: Carlyle Group Lowers Investment Minimum to 50K

Postby Random Musings » Wed Mar 13, 2013 12:06 pm

Wonder if these are "new" funds or their random seed funds that "have" a good track record (while quietly disposing of the never-to-be-heard-of failures).

In Wall Street, they believe in the adage that a sucker is born every other second.....

RM
I figure the odds be fifty-fifty I just might have something to say. FZ

grok87
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Re: Carlyle Group Lowers Investment Minimum to 50K

Postby grok87 » Wed Mar 13, 2013 1:39 pm

also discussed here.
viewtopic.php?f=10&t=112773
grok, CFA | Danon delenda est

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InvestorNewb
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Re: Carlyle Group Lowers Investment Minimum to 50K

Postby InvestorNewb » Wed Mar 13, 2013 1:42 pm

What were their annual returns like in the last 10 years?
My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCE [Canada] (largest to smallest)

Scooter57
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Joined: Thu Jan 24, 2013 9:20 am

Re: Carlyle Group Lowers Investment Minimum to 50K

Postby Scooter57 » Wed Mar 13, 2013 3:40 pm

I read somewhere that they are doing this because they haven't done well recently, so they are getting desperate for victms--I mean customers.

I wonder how big a commission they are offering brokers and/or advisors to push this glorious opportunity wealthier victims have learned to avoid.

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midareff
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Re: Carlyle Group Lowers Investment Minimum to 50K

Postby midareff » Wed Mar 13, 2013 4:03 pm

NYBoglehead wrote:Yeah no kidding. These guys are unbelievable. $50k? No thanks. Wouldn't do it for $500.


might be fun to give them $50 and make them send you statements.

grok87
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Re: Carlyle Group Lowers Investment Minimum to 50K

Postby grok87 » Thu Mar 14, 2013 10:27 pm

Scooter57 wrote:I read somewhere that they are doing this because they haven't done well recently, so they are getting desperate for victms--I mean customers.

I wonder how big a commission they are offering brokers and/or advisors to push this glorious opportunity wealthier victims have learned to avoid.

if you flip over to the other thread you will see both issues discussed.
they are getting desperate for customers because their best customers, defined benefit pension plans, are disappearing...

the commission is 1.8% i think-
grok, CFA | Danon delenda est

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LH
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Re: Carlyle Group Lowers Investment Minimum to 50K

Postby LH » Fri Mar 15, 2013 1:03 am

My local craps table has lowered the minimum from 5 dollars to 1 dollar.

ResNullius
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Re: Carlyle Group Lowers Investment Minimum to 50K

Postby ResNullius » Fri Mar 15, 2013 12:05 pm

They must need a large pool of suckers.


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