I’m kidding, of course. As you may have heard, Carlyle is considering buying a stake in a hedge fund manager and is in talks with multiple firms, in addition to looking to raise “two new debt funds and a $1 billion pool to buy small companies.” The units would be overseen by Mitch Petrick, who joined the firm in March from Morgan Stanley. Presumably, there are at least a few people who are amped about Petrick’s potential stewardship, while others are, how to put this, less than thrilled.
“Petrick was in charge of institutional trading at Morgan Stanley. MS’s sales & trading operation lost substantial ground relative to Goldman on this guy’s watch (when he came on they were neck and neck). He was responsible for them taking a billion dollar loss on Revel Casino. Petrick approved all of the bridge loans MS got impaled on in 2007-2009. Every single one of them. Txu. Fdc. Het. You name it. So Revel showed his expertise as an investor and his LBO record speaks for itself. Carlyle probably hired him because he sold his former firm out to them and their horrible deals that decimated shareholder value. This Carlyle fund is going to be Old Lane the third. Zoe Cruz’s Voras is Old Lane the second.”
is zoe cruz really that bad?
This prole has no idea what he’s talking about.
-Bush Sr, Bush Jr, 4,000 Saudi Princes, 8,000 former Goldman partners, 50 Masonic Grand Masters, 20 ex-Lockheed CEOs, 10 former intelligence chiefs, 80 possibly double-agent Taliban, 3 exiled Russian billionaires, 137 mercenaries formerly employed by Thather’s son, Rubin’s maid, the CIA guy who invented AIDS, and whoever that WASP asshole who invented Purple Drank
Plus everyone there has a CFA
Where’s Plang when we need him?
Stick to your bread and butter (Govt sweetheart deals and LBOs) Carlyle
UBS sucks
I stayed at the Carlyle once. It was a nice hotel.
My grandmother calls it purple drank. Real slang is texas oil.
Btw I’m starting a JV with #1 Stunna. Call me about the AAA tranche for the CMBS deal we are doing for some real estate named cnbcworldheadquarters.com
-Paul Wall aka WASP inventor
You’re in deep shit, son.