Billionaire private equity guru David Rubenstein, co-CEO and co-founder of The Carlyle Group (CG) doesn't expect rising interest rates to negatively impact his private equity deals.
Carlyle's deals don't take on as much debt as they used to. Rubinstein pointed to a 50%/50% split between debt and equity in terms of deal financing vs. 90%-95% debt many years ago.
Meanwhile, Rubenstein thinks a renomination of Janet Yellen as Federal Reserve Chair would be good for the markets.
"I think she has done an excellent job," he said.
Yellen's term expires in February 2018. President Trump is expected to make a decision in the coming weeks.
Trump has also reportedly spoken to former Fed Governor Kevin Warsh and current Fed Governor Jerome Powell about the position.
Watch our entire interview with David Rubenstein:
More From TheStreet: