The Carlyle Group Announces Preliminary Second Quarter 2014 Carry Fund Valuations
July 07 2014 - 4:10PM
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 2014.
The Carlyle Group preliminary carry fund valuations increased 5%
during the second quarter of 2014. Over the past twelve months,
Carlyle's carry fund portfolio increased 20%. In comparison, the
MSCI All Country World Index2 (ACWI) increased 4% during the
quarter ending June 30, 2014 and has risen 21% over the past 12
months.
The Carlyle Group Carry Fund
Valuations |
2Q 2014 |
YTD |
LTM |
|
|
|
|
Overall Carry Fund
Appreciation |
5% |
11% |
20% |
|
|
|
|
Corporate Private
Equity |
5% |
13% |
29% |
Buyout |
5% |
13% |
27% |
Growth Capital |
13% |
14% |
44% |
|
|
|
|
Real Assets |
3% |
5% |
5% |
Real Estate |
4% |
6% |
11% |
Energy |
2% |
4% |
0% |
|
|
|
|
Global Market
Strategies |
12% |
16% |
29% |
|
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, infrastructure funds, certain energy funds, and
distressed debt and mezzanine funds (but excluding our structured
credit funds, hedge funds, fund of funds vehicles and the NGP
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.
CONTACT: Public Market Investor Relations
Daniel Harris
Managing Director, Head of Public Market Investor Relations
Phone: 212-813-4527
Daniel.harris@carlyle.com
Media
Elizabeth Gill
Phone: 202-729-5385
Elizabeth.gill@carlyle.com
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