The Carlyle Group Announces Preliminary Second Quarter 2013 Fund Valuations
July 08 2013 - 5:06PM
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 2013.
The Carlyle Group preliminary carry fund valuations increased 3%
during the second quarter of 2013. Over the past twelve months,
Carlyle’s carry fund portfolio increased 16%. In comparison, the
MSCI All Country World Index2 (ACWI) decreased 1% during the
quarter ending June 30, 2013 and has risen 14% over the past 12
months.
The Carlyle Group
Carry Fund Valuations 2Q 2013
YTD 2013 LTM Overall
Carry Fund Appreciation 3% 9% 16%
Corporate Private Equity 5% 14% 24%
Buyout 5% 15% 25% Growth Capital 2% 4% 11%
Real
Assets (2%) 1% 2% Real Estate 0% 1% 7%
Energy (3%) 1% 0%
Global Market Strategies
8% 16% 22%
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 Carlyle’s “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 Carlyle’s carry funds. While
appreciation/(depreciation) in Carlyle’s 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 Carlyle’s 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 Carlyle’s funds.
This release does not constitute an offer for any Carlyle
fund.
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