Carlyle says software represents 6% of total assets
Reuters
Feb 06
Carlyle says software represents 6% of total assets
NEW YORK, Feb 6 (Reuters) - Software represents around 6% of Carlyle's assets under management, executives said on Friday, responding to market concerns around potential disruption in the sector from artificial intelligence.
CEO Harvey Schwarz told analysts on a conference call he was "reluctant to extrapolate the last week's volatility into something that becomes longer-stretched".
Asked specifically about collateralized loan obligations, which bundle loans and repackage them as bonds, Chief Financial Officer Justin Plouffe said, "our software exposure is right on top of the index, we are not overweight or underweight."
(Reporting by Isla Binnie in New York and Pritam Biswas in Bengaluru)
((isla.binnie@thomsonreuters.com))
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