The Carlyle Group Announces Fourth Quarter and Full Year 2016 Financial Results
February 08 2017 - 6:30AM
Global alternative asset manager The Carlyle Group L.P. (NASDAQ:CG)
today reported its unaudited results for the fourth quarter and
full year ended December 31, 2016.
Carlyle Co-CEO David M. Rubenstein said, “Our
core business performed well in 2016, but obviously we are
disappointed with the losses in our hedge fund business. We are
focused on raising $100 billion in new capital over several years,
scaling our global credit business, and performing well for our
fund and unitholder investors.”
Carlyle Co-CEO William E. Conway, Jr. said, “We
concluded an active 2016 with strong performance in the principal
operating metrics of our economic model. We deployed a record
amount of capital in 2016, and returned a record $30 billion to our
carry fund investors. Our investment performance remained strong,
as carry funds appreciated 12% during 2016, and 5% during the
fourth quarter.”
U.S. GAAP results for Q4 2016 and 2016 included
income before provision for income taxes of $12 million and $45
million, and net income (loss) attributable to common unitholders
through The Carlyle Group L.P. of $(9) million and $6 million, or
net income (loss) per common unit of $(0.16) and $(0.08), on a
diluted basis. Total balance sheet assets were $10 billion as
of December 31, 2016.
In addition to this release, Carlyle issued a full detailed
presentation of its fourth quarter and full year 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
$0.16 per common unit to holders of record at the close of business
on February 21, 2017, payable on February 28, 2017. For full year
2016, the Board of Directors declared $1.55 in aggregate
distributions to common unitholders.
Conference Call
Carlyle will host a conference call at 8:30 a.m. EST on
Wednesday, February 8, 2017, to announce its fourth quarter and
full year 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 $158 billion of assets under
management across 281 investment vehicles as of December 31,
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 1,600 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,
contingencies, our distribution policy, 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 most recent Annual Report on
Form 10-K, 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 |
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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 |
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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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