The Carlyle Group Announces Preliminary First Quarter 2014 Carry Fund Valuations
April 07 2014 - 4:05PM
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 2014.
The Carlyle Group preliminary carry fund valuations increased 6%
during the first quarter of 2014. Over the past twelve months,
Carlyle’s carry fund portfolio increased 18%. In comparison, the
MSCI All Country World Index2 (ACWI) increased 1% during the
quarter ending March 31, 2014 and has risen 15% over the past 12
months.
The Carlyle Group Carry Fund
Valuations 1Q 2014
LTM
Overall Carry Fund Appreciation 6% 18%
Corporate Private Equity 8% 28% Buyout
8% 27% Growth Capital 0% 32%
Real Assets 2%
0% Real Estate 2% 7% Energy 1% (4%)
Global Market
Strategies 3% 24%
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 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.
__________________
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,
NGP management fee funds and the NGP carry funds).2 Source:
Factset. Index values based on US Dollars.
The Carlyle Group L.P.Public Market Investor
RelationsDaniel HarrisManaging Director, Head of Public Market
Investor
Relations212-813-4527Daniel.harris@carlyle.comorMediaElizabeth
Gill202-729-5385Elizabeth.gill@carlyle.com
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