The Carlyle Group Announces Second Quarter 2012 Earnings Results

·         Strong pace of realizations continues with $3.0 billion in realized proceeds generated for fund investors in 2Q 2012

 ·         Distributable Earnings of $115 million, up 29% year over year

·         $0.32 per common unit in pro forma Distributable Earnings in 2Q 2012

·         Declare first quarterly distribution of $0.11 per unit to common unit holders

·         $3.9 billion in funds raised in 2Q and $6.0 billion raised year to date

·         $1.4 billion in equity invested in 2Q with new deal acceleration in July

·         U.S. GAAP net loss attributable to The Carlyle Group L.P. of ($10) million, or a loss of ($0.26) per common unit; ($14) million net loss on a pro forma basis, or a loss of ($0.39) per common unit

Washington, DC – Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG), today reported its unaudited second quarter 2012 results.

David M. Rubenstein, Co-Chief Executive Officer of Carlyle, said, “Our firm, portfolio and funds are in very good shape, despite a quarter marked by significant volatility in global equity markets and continued uncertainty in Europe. Distributable earnings, the metric that we believe best represents the results of our long term approach to value creation, was $785 million over the last twelve months, a 39% increase over the prior LTM period of $567 million. The nearly $4 billion in new capital we raised this quarter reflects the expected pick-up in fundraising as our sixth U.S. buyout fund began to close on new commitments.”

Click here to read the full second quarter 2012 earnings release.