Harvey Schwartz Highlights Importance of Private Market Assets

Carlyle Group's CEO, Harvey Schwartz, has highlighted the growing significance of private market assets, claiming that they have never been more critical. Speaking during a conference call, Schwartz pointed out the cautious yet strategic approach being taken by most clients in leveraging available opportunities.

According to Schwartz, while the vast majority of their clientele maintains an opportunistic stance, they are equally cautious, deploying capital judiciously in today's market climate. This indicates a market trend towards thoughtful investments amidst uncertainty.

The CEO also remarked that discussions around mergers and acquisitions are premature, suggesting a careful consideration of the current economic environment before engaging in such activities.

(With inputs from agencies.)