The Carlyle Group Announces First Quarter 2014 Financial Results

• $183 million of Distributable Earnings on a pre-tax basis in Q1 2014 and $852 million over last twelve months; $0.52 per common unit on a post-tax basis


• Net accrued performance fee balance of $2.0 billion up 36% over Q1 2013, or $6.16 per Adjusted Unit, and gross accrued performance fee balance of $3.8 billion


• $5.5 billion in new capital raised in Q1 2014 and $22.8 billion raised over the last twelve months


• $3.1 billion in realized proceeds in Q1 2014 and $16.3 billion realized over the last twelve months


• $1.1 billion in equity invested in Q1 2014 and another $3.1 billion committed, and $6.8 billion invested over the last twelve months


• 6% carry fund portfolio appreciation in Q1 2014, driving Economic Net Income of $322 million on a pre-tax basis and $0.85 per Adjusted Unit on a post-tax basis


• U.S. GAAP net income attributable to The Carlyle Group L.P. of $25 million, or $0.41 per common unit on a diluted basis, in Q1 2014

Washington, DC – Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today reported its unaudited results for the first quarter of 2014, which ended on March 31, 2014.

Carlyle Co-CEO David M. Rubenstein said, “Carlyle had a solid start to 2014, which has resulted in our last twelve month Distributable Earnings increasing 25% over the prior twelve month period to more than $850 million. Fundraising, fund performance, and investing activity are all running at strong levels. As new top talent joins our seasoned leadership team and we launch new fund strategies and make targeted acquisitions, Carlyle continues to meet the increasingly complex demands of our global investor base.”

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