News Release

The Carlyle Group Announces Third Quarter 2016 Financial Results

2016-070

Declared a quarterly distribution of $0.50 per common unit for Q3 2016

$6.6 billion in realized proceeds in Q3 2016 and $19.1 billion realized over the last twelve months

$1.6 billion in equity invested in Q3 2016 and $12.5 billion invested over the last twelve months

$3.2 billion in gross new capital raised and $1.8 billion raised on a net basis after redemptions in Q3 2016; $14.4 billion in gross new capital raised and $8.2 billion on a net basis after redemptions over the last twelve months

U.S. GAAP net income (loss) attributable to The Carlyle Group L.P. of $1 million, or $(0.02) per common unit on a diluted basis, for Q3 2016 and $11 million over the last twelve months

$228 million of Distributable Earnings on a pre-tax basis for Q3 2016 and $789 million over the last twelve months; $0.66 per common unit on a post-tax basis in Q3 2016

Economic Net Income of $54 million on a pre-tax basis and $0.21 per Adjusted Unit on a post-tax basis in Q3 2016, driven by 3% carry fund portfolio appreciation

Washington, DC – Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today reported its unaudited results for the third quarter ended September 30, 2016.

Carlyle Co-CEO David M. Rubenstein said, “Carlyle again delivered a strong distribution for our unitholders of $0.50 per common unit for the third quarter. We continue to generate substantial realized proceeds, with $6.6 billion in the third quarter and more than $19 billion over the last twelve months. We are also at the beginning of what should be a significant, multi-year fundraising cycle for the firm due to continued capital deployment and the strong performance of our largest fund families.”

Click here to read the full third quarter 2016 earnings release.

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