The Carlyle Group Announces Fourth Quarter and Full Year 2013 Financial Results

• $401 million of Distributable Earnings on a pre-tax basis in Q4 2013, or $1.18 per common unit on a post-tax basis

• Full year 2013 Distributable Earnings of $840 million, 22% higher than 2012, and $2.50 in post-tax Distributable Earnings per common unit

• Declared quarterly distribution of $1.40 per common unit for Q4 2013 for an aggregate distribution of $1.88 for 2013

• $6.3 billion in carry fund realized proceeds in Q4 2013, with $17.4 billion realized in 2013

• $3.8 billion in new capital raised in Q4 2013 and $22.0 billion raised in 2013

• $2.2 billion in carry fund equity invested in Q4 2013 and $8.2 billion invested in 2013

• 6% carry fund portfolio appreciation in Q4 2013 and 20% carry fund portfolio appreciation in 2013

• U.S. GAAP net income attributable to The Carlyle Group L.P. of $71 million and $104 million, or $1.17 and $2.05 per common unit on a diluted basis, for Q4 2013 and 2013, respectively

Washington, DC – Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today reported its results for the full year and fourth quarter ended December 31, 2013.

Carlyle Co-CEO David M. Rubenstein said, “Carlyle experienced a strong year in 2013 across virtually every metric. We benefitted from an accelerating fundraising environment, we built out our Natural Resources platform and Solutions business, and we attracted industry leading management talent to the firm. Our fund and financial performance over the past year demonstrates the advantage of our long term focus, which benefits both our fund investors and unitholders.”

Click here to read the full fourth quarter and full year 2013 earnings release.