The Carlyle Group Announces First Quarter 2017 Financial Results
May 03 2017 - 6:30AM
Global alternative asset manager The Carlyle Group L.P. (NASDAQ:CG)
today reported its unaudited results for the first quarter ended
March 31, 2017.
Carlyle Co-CEO David M. Rubenstein said,
“Carlyle produced its second strongest value creation quarter since
going public five years ago. Our portfolio performed well in
virtually every sector and every region, appreciating by 6% and
leading to a 34% increase in our net accrued carry in the first
quarter. The long term strength of the underlying portfolio
supports our goal to raise $100 billion in new capital by the end
of 2019.”
Carlyle Co-CEO William E. Conway, Jr. said, “We deployed capital
at a strong pace in the first quarter, with $4.4 billion of capital
invested despite a difficult environment. We believe we are
well positioned to continue this strong pace. We have already
announced substantial new investments and almost $4 billion of
exits that we expect to close in the coming quarters.”
U.S. GAAP results for Q1 2017 included income
before provision for income taxes of $328 million, and net income
attributable to the common unitholders through The Carlyle Group
L.P. of $83 million, or net income per common unit of $0.90, on a
diluted basis. U.S. GAAP results for the twelve months ended
March 31, 2017 included income before provision for income
taxes of $358 million and net income attributable to The Carlyle
Group L.P. of $81 million. Total balance sheet assets were
$10 billion as of March 31, 2017.
In addition to this release, Carlyle issued a full detailed
presentation of its first quarter 2017 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 $0.10 per common unit to holders of record at the
close of business on May 15, 2017, payable on May 22, 2017.
Conference Call
Carlyle will host a conference call at 8:30 a.m. EDT on
Wednesday, May 3, 2017, to announce its first quarter 2017
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 $162 billion of assets under
management across 287 investment vehicles as of March 31,
2017. 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 1,550 people in 31 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. Such forward-looking statements are
subject to various risks, uncertainties and assumptions.
Accordingly, there are or will be important factors that could
cause actual outcomes or results to differ materially from those
indicated in these statements including, but not limited to, those
described under the section entitled “Risk Factors” in our Annual
Report on Form 10-K for the year ended December 31, 2016 filed
with the SEC on February 16, 2017, 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: |
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Public Market
Investor Relations |
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Media |
Daniel Harris |
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Jordan DeJarnette |
Phone: +1 (212)
813-4527 |
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Phone: +1 (202)
729-5025 |
daniel.harris@carlyle.com |
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jordan.dejarnette@carlyle.com |
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Web:
www.carlyle.com |
Videos:
www.youtube.com/onecarlyle |
Tweets:
www.twitter.com/onecarlyle |
Podcasts:
www.carlyle.com/about-carlyle/market-commentary |
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