The Carlyle Group Announces Third Quarter 2015 Financial Results
October 28 2015 - 6:30AM
Global alternative asset manager The Carlyle Group L.P. (NASDAQ:CG)
today reported its unaudited results for the third quarter ended
September 30, 2015.
Carlyle Co-CEO David M. Rubenstein said,
“Carlyle's diverse platform produced strong cash flows during the
third quarter despite global market declines. Our fund investors
continued to entrust us with significant new capital as long term
performance remains strong and our investment capabilities continue
to expand. Third quarter Economic Net Income was largely driven by
portfolio valuations on the final day of September, and since then
global markets and valuations have moved higher. Our core business
trends remain unaffected by these short term movements.”
Carlyle Co-CEO William E. Conway, Jr. said, “The
fundamentals of our business are healthy and our portfolio is in
good shape. We recently announced a number of attractive new
investments and exits which should close in the coming few
quarters, positioning us to deploy capital at a level in line with
our historic pace and generating attractive levels of Distributable
Earnings for our unitholders.”
U.S. GAAP results for Q3 2015 included loss
before provision for income taxes of $(529) million, and net loss
attributable to the common unitholders through The Carlyle Group
L.P. of $(84) million, or net loss per common unit of $(1.11), on a
diluted basis. Total balance sheet assets were $33 billion as of
September 30, 2015.
In addition to this release, Carlyle issued a full detailed
presentation of its third quarter 2015 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 $0.56 per common unit to holders of record at the
close of business on November 16, 2015, payable on November 24,
2015.
Conference Call
Carlyle will host a conference call at 8:30 a.m. EDT on
Wednesday, October 28, 2015 to announce its third quarter 2015
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 $188 billion of assets under
management across 126 funds and 160 fund of funds vehicles as of
September 30, 2015. 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 1,700+ people in 35 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, 2014 filed with the SEC on
February 26, 2015, 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.
Contacts:
Public Market Investor Relations
Daniel Harris
Phone: +1 (212) 813-4527
daniel.harris@carlyle.com
Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary
Media
Elizabeth Gill
Phone: +1 (202) 729-5385
elizabeth.gill@carlyle.com
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