The Carlyle Group Announces Third Quarter 2014 Financial Results

• $159 million of Distributable Earnings on a pre-tax basis in Q3 2014 and $1.1 billion over the last twelve months; $0.44 per common unit on a post-tax basis in Q3 2014 and $1.88 per common unit for the first three quarters of 2014
• Economic Net Income of $166 million on a pre-tax basis and $0.55 per Adjusted Unit on a post-tax basis, supported by 3% carry fund portfolio appreciation in Q3 2014
• $6.5 billion in new capital raised in Q3 2014 and $23.2 billion raised over the last twelve months
• $4.5 billion in realized proceeds in Q3 2014 and $20.4 billion realized over the last twelve months
• $3.7 billion in equity invested in Q3 2014 and $10.4 billion invested over the last twelve months
• Declared quarterly distribution of $0.16 per common unit for Q3 2014 for an aggregate distribution of $0.48 per common unit for the first three quarters of 2014
• U.S. GAAP net income attributable to The Carlyle Group L.P. of $25 million, or $0.35 per common unit on a diluted basis, in Q3 2014

Washington, DC – Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today reported its unaudited results for the third quarter of 2014, which ended on September 30, 2014.

Carlyle Co-CEO David M. Rubenstein said, “Carlyle continued to produce good financial results for unitholders and strong performance for our fund investors during the third quarter.  An increasing number of investors are entrusting their assets to Carlyle funds based in part on our history of navigating uncertain markets across multiple investment strategies.”

Click here to read the full third quarter 2014 earnings release.