The Carlyle Group Announces Fourth Quarter and Full Year 2014 Financial Results
February 11 2015 - 6:30AM
Global alternative asset manager The Carlyle Group L.P. (Nasdaq:CG)
today reported its unaudited results for the full year and fourth
quarter, ended December 31, 2014.
Carlyle Co-CEO David M. Rubenstein said, "This was our best year
as a public company. Carlyle generated our highest level of
Distributable Earnings since going public. We are pleased to be
able to pay a full year distribution of $2.09 to Carlyle common
unitholders for 2014. Beginning with the first quarter of 2015, we
are adjusting our distribution policy and will distribute
approximately 75% of our post-tax Distributable Earnings on a
quarterly basis instead of through a year-end true up."
Carlyle Co-CEO William E. Conway, Jr. said, "The past year was
exceptional for realizations and returning capital to our limited
partners. With our major funds reloaded, we are well positioned to
take advantage of market volatility, particularly in the energy
sector. Perhaps our best performing large buyout fund was in
Europe, where our third European fund appreciated 9% for the
quarter and 46% for the year."
In addition to this release, Carlyle issued a full detailed
presentation of its fourth quarter and full year 2014 results,
which can be viewed on the investor relations section of our
website at ir.carlyle.com.
Distribution
The Board of Directors has declared a quarterly distribution of
$1.61 per common unit to holders of record at the close of business
on February 23, 2015, payable on March 6, 2015.
Conference Call
Carlyle will host a conference call at 8:30 a.m. EST on
Wednesday, February 11, 2015 to announce its fourth quarter and
full year 2014 financial results.
The call may be accessed by dialing +1 (800) 850-2903 (U.S.) or
+1 (253) 237-1169 (international) and referencing "The Carlyle
Group Financial Results Call." The conference call will be
webcast simultaneously via a link on Carlyle's investor relations
website at ir.carlyle.com and an archived replay of the webcast
also will be available on the website soon after the live call.
About The Carlyle Group
The Carlyle Group (Nasdaq:CG) is a global alternative asset
manager with $194 billion of assets under management across 128
funds and 142 fund of funds vehicles as of December 31, 2014.
Carlyle's purpose is to invest wisely and create value on behalf of
its investors, many of whom are public pensions. Carlyle invests
across four segments – Corporate Private Equity, Real Assets,
Global Market Strategies and Investment Solutions – in Africa,
Asia, Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries, including:
aerospace, defense & government services, consumer &
retail, energy, financial services, healthcare, industrial, real
estate, technology & business services, telecommunications
& media and transportation. The Carlyle Group employs more than
1,650 people in 40 offices across six continents.
Forward Looking Statements
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements include, but are not limited to, statements related to
our expectations regarding the performance of our business, our
financial results, our liquidity and capital resources and other
non-historical statements. You can identify these forward-looking
statements by the use of words such as "outlook," "believes,"
"expects," "potential," "continues," "may," "will," "should,"
"seeks," "approximately," "predicts," "intends," "plans,"
"estimates," "anticipates" or the negative version of these words
or other comparable words. These statements are subject to risks,
uncertainties and assumptions, including those described under the
section entitled "Risk Factors" in our Annual Report on Form 10-K
for the year ended December 31, 2013 filed with the SEC on February
27, 2014, as such factors may be updated from time to time in our
periodic filings with the SEC, which are accessible on the SEC's
website at www.sec.gov. These factors should not be construed as
exhaustive and should be read in conjunction with the other
cautionary statements that are included in this release and in our
filings with the SEC. We undertake no obligation to publicly update
or review any forward-looking statements, whether as a result of
new information, future developments or otherwise, except as
required by applicable law.
This release does not constitute an offer for any Carlyle fund.
Web: www.carlyle.com Videos: www.youtube.com/onecarlyle Tweets:
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www.carlyle.com/about-carlyle/market-commentary
CONTACT: Public Market Investor Relations
Daniel Harris
Phone: +1 (212) 813-4527
daniel.harris@carlyle.com
Media
Elizabeth Gill
Phone: +1 (202) 729-5385
elizabeth.gill@carlyle.com
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