Everyone knows that private equity firms are very good at stuffing debt in the companies they buy out. Now they go to the extreme, they have stuffed their own company, Carlyle, with debt. Why? The debt will be used to pay the partner’s dividend. Carlyle in a few months will go for an IPO, and the new shareholders will be stuck with the new debt that cashed out the partners. Very smart, isn’t it? All I have to say is: good luck for you that invest in private equity funds.