On the back of a sharp jump in fourth quarter earnings, Carlyle Group said it will raise both debt and equity, a move that reflects both the favourable market conditions for financing and the private equity firm’s intention to expand.

Carlyle said it intends to issue additional 30-year senior notes, targeting another $200 million, on the top of the $400 million raised from a similar issuance in March of last year. The move will bring Carlyle's debt to $1.142 billion.