Private equity firms have a ‘fair amount of dry powder,’ Carlyle Group co-founder says


The co-founder of one of the biggest players in private equity said the industry is in “reasonably good shape” and there will be opportunities to buy companies in the coming months. 

David Rubenstein, a co-founder of the Carlyle Group, said on CNBC’s “Closing Bell” that his firm and other private equity companies are waiting on the right opportunities as the economic impact of the pandemic puts stress on companies around the world. 

“We have a fair amount dry powder, as do the other large private equity firms. We see a lot of opportunities,” Rubenstein said. “But we don’t think that,

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Greenland’s ice sheet melts by record amount


A Ph.D. student at the University of Washington looks at a meltwater stream on the Glacial Ice Sheet, Greenland.

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Greenland’s ice sheet experienced record melting last year that was driven by hotter temperatures and more frequent atmospheric circulation patterns triggered by climate change, scientists have confirmed.

The stark findings show that researchers could also be underestimating future melting by about half, as most models that project future ice loss do not account for impacts from changing atmospheric circulation patterns, according to the study led by Marco Tedesco, a researcher at Columbia University’s Lamont-Doherty Earth Observatory. 

Greenland’s ice sheet

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