The Carlyle Group Announces Second Quarter 2016 Financial Results
July 27 2016 - 6:30AM
Global alternative asset manager The Carlyle Group L.P. (NASDAQ:CG)
today reported its unaudited results for the second quarter ended
June 30, 2016.
Carlyle Co-CEO David M. Rubenstein said,
“Carlyle performed well on all metrics in the quarter, with $5.0
billion in gross new fund commitments, 5% appreciation across our
carry fund portfolio, $5.3 billion in realized proceeds for our
fund investors and a healthy $0.63 per common unit distribution for
unitholders. Our firm is well positioned to take advantage of
market opportunities wherever and whenever they may arise.”
Carlyle Co-CEO William E. Conway, Jr. said, “Our
diverse and experienced investment teams continue to find
attractive new opportunities to deploy investor capital, and we
have invested $12.7 billion in equity over the last twelve months.
While this is a challenging time to invest given low or negative
interest rates around the world alongside slowing growth, I am
confident our investment teams will continue to find good
opportunities.”
U.S. GAAP results for Q2 2016 included income
before provision for income taxes of $68 million, and net income
attributable to the common unitholders through The Carlyle Group
L.P. of $6 million, or net income per common unit of $0.07, on a
diluted basis. U.S. GAAP results for the twelve months ended
June 30, 2016 included loss before provision for income taxes
of $604 million and net loss attributable to The Carlyle Group L.P.
of $74 million. Total balance sheet assets were $10 billion
as of June 30, 2016.
In addition to this release, Carlyle issued a
full detailed presentation of its second quarter 2016 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 $0.63 per common unit to holders of record at the
close of business on August 15, 2016, payable on August 24,
2016.
Conference Call
Carlyle will host a conference call at 8:30 a.m.
EDT on Wednesday, July 27, 2016, to announce its second quarter
2016 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 $176 billion of assets under
management across 127 funds and 164 fund of funds vehicles as of
June 30, 2016. 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 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, 2015 filed with the
SEC on February 24, 2016, 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 |
|
Media |
Daniel Harris |
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Elizabeth
Gill |
Phone: +1 (212)
813-4527 |
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Phone: +1
(202) 729-5385 |
daniel.harris@carlyle.com |
|
elizabeth.gill@carlyle.com |
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Web:
www.carlyle.com |
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Videos:
www.youtube.com/onecarlyle |
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Tweets:
www.twitter.com/onecarlyle |
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Podcasts:
www.carlyle.com/about-carlyle/market-commentary |
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