The Carlyle Group Announces Preliminary First Quarter 2013 Fund Valuations
April 08 2013 - 5:33PM
Business Wire
Global alternative asset manager The Carlyle Group L.P. (NASDAQ:
CG) today released preliminary performance metrics for its carry
funds1 during the first quarter of 2013.
The Carlyle Group preliminary carry fund valuations increased 7%
during the first quarter of 2013. Over the past twelve months, our
carry fund portfolio increased 11%. In comparison, the MSCI All
Country World Index2 (ACWI) increased 6% during the quarter ending
March 31, 2013 and has risen 8% over the past 12 months.
The Carlyle Group Carry Fund Valuations
1Q 2013 LTM Overall Carry Fund
Appreciation 7% 11% Corporate Private
Equity 9% 16% Buyout 9% 16% Growth Capital 2% 9%
Real Assets 3% 1% Real Estate 1% 8%
Energy 4% (3%)
Global Market Strategies
9% 20% 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.
______________________________
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, fund
of funds vehicles and the NGP management fee funds), 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.
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.
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