The Carlyle Group Announces Preliminary Second Quarter 2012 Fund Valuations
July 09 2012 - 4:30PM
Business Wire
Global alternative asset manager The Carlyle Group L.P. (NASDAQ:
CG) today released preliminary performance metrics for its carry
funds1 during the second quarter of 2012.
The Carlyle Group preliminary carry fund valuations declined 2%
during the second quarter of 2012. Over the past twelve months, our
carry portfolio increased 9%. In comparison, the MSCI All Country
World Index2 (ACWI) declined 6% during the quarter ending June 30,
2012 and declined 9% over the past 12 months.
The Carlyle Group Carry Fund
Valuations
2Q 2012
YTD 2012 LTM Overall Carry
Fund Appreciation (2%) 8% 9%
Corporate Private Equity (2%) 7% 7%
Buyout (2%) 7% 8% Growth Capital 0% 5% (2%)
Real
Assets (3%) 8% 11% Real Estate 1% 6% 7%
Energy (5%) 9% 13%
Global Market Strategies
3% 15%
8%
Note: Appreciation / (Depreciation) represents unrealized gain /
(losses) for the period on a total return basis before fees and
expenses. The percentage of return is calculated as: ending
remaining investment fair market value plus net investment outflow
(sales proceeds minus net purchases) minus beginning remaining
investment fair market value divided by beginning remaining
investment fair market value. Fund only, does not include
co-investment. The Global Market Strategies segment includes carry
funds only and does not include structured credit funds and hedge
funds.
The information set forth above provides preliminary estimates
and are subject to quarterly review procedures and final
reconciliations and adjustments. Actual fund valuations may differ
from the estimates reflected in the information set forth above,
and such differences may be material. We undertake no obligation to
publicly update or review previously reported preliminary
performance metrics for our carry funds. While
appreciation/(depreciation) in our carry funds is one of the many
drivers of performance fees, there are several other factors that
impact this type of revenue and these figures should not be
construed as an indication of performance fees, or of any other
component of our revenues or expenses, for any period. The
preliminary carry fund performance metrics reflected in this
release are not indicative of the performance of The Carlyle Group
L.P. and are also not necessarily indicative of the future
performance of any particular fund. An investment in The Carlyle
Group L.P. is not an investment in any of our funds.
This release does not constitute an offer for any Carlyle
fund.
1 Our “carry funds” refer to those investment funds that we
advise, including the buyout funds, growth capital funds, real
asset funds and distressed debt and mezzanine funds (but excluding
our structured credit funds, hedge funds and fund of funds
vehicles), where we receive a special residual allocation of
income, which we refer to as a carried interest, in the event that
specified investment returns are achieved by the fund.
2 Source: Factset. Index values based on US Dollars.
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