01:24 PM EST, 01/15/2026 (MT Newswires) -- Carlyle Group ( CG ) has seen "exponential" growth in wealth business, Bloomberg reported Thursday, citing Shane Clifford, global head of wealth at Carlyle.

The wealth business's growth puts it on track to account for 20% of capital flows for the asset manager, the report quoted Clifford as saying in an interview with Bloomberg Television.

The report also said Carlyle's wealth business has nearly doubled since Harvey Schwartz became chief executive officer in 2023.

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