The Carlyle Group Announces Fourth Quarter and Full Year 2014 Financial Results

• Distributable Earnings of $973 million for 2014 were 16% higher than 2013, and $2.78 per common unit on a post-tax basis; Distributable Earnings of $311 million in Q4 2014, and $0.91 per common unit on a post-tax basis

• $4.8 billion in new capital raised in Q4 2014 and $24.2 billion raised in 2014, up from $22.0 billion in 2013
• $5.6 billion in realized proceeds in Q4 2014 and $19.7 billion realized in 2014, up from $17.4 billion in 2013
• $1.6 billion in equity invested in Q4 2014 and $9.8 billion invested in 2014, up from $8.2 billion invested in 2013
• Declared a quarterly distribution of $1.61 per common unit for Q4 2014 for an aggregate distribution of $2.09 per common unit for 2014
• Economic Net Income of $181 million and $962 million on a pre-tax basis, or $0.56 and $2.68 per Adjusted Unit on a post-tax basis, for Q4 2014 and 2014, respectively

• U.S. GAAP net income attributable to The Carlyle Group L.P. of $16 million and $86 million, or $0.23 and $1.23 per common unit on a diluted basis, for Q4 2014 and 2014, respectively

Washington, DC – Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today reported its unaudited results for the full year and fourth quarter ended December 31, 2014.

Carlyle Co-CEO David M. Rubenstein said, “This was our best year as a public company. Carlyle generated our highest level of Distributable Earnings since going public. We are pleased to be able to pay a full year distribution of $2.09 to Carlyle common unitholders for 2014. Beginning with the first quarter of 2015, we are adjusting our distribution policy and will distribute approximately 75% of our post-tax Distributable Earnings on a quarterly basis instead of through a year-end true up.”

Click here to read the full fourth quarter and full year 2014 earnings release.