The Carlyle Group Announces First Quarter 2015 Financial Results

• $148 million of Distributable Earnings on a pre-tax basis for Q1 2015 and $938 million over the last twelve months; $0.43 per common unit on a post-tax basis in Q1 2015
• Economic Net Income of $273 million on a pre-tax basis and $0.80 per Adjusted Unit on a post-tax basis, supported by 6% carry fund portfolio appreciation in Q1 2015
• Excluding the impact of a French tax judgment in Q1 2015, Distributable Earnings and Economic Net Income would have been $228 million and $307 million, respectively, or $0.67 of Distributable Earning per common unit and $0.91 of ENI per Adjusted Unit
• $4.4 billion in net new capital raised in Q1 2015 and $23.2 billion raised over the last twelve months
• $4.6 billion in realized proceeds in Q1 2015 and $21.2 billion realized over the last twelve months
• $1.5 billion in equity invested in Q1 2015 and $10.1 billion invested over the last twelve months
• Declared a quarterly distribution of $0.33 per common unit for Q1 2015
• U.S. GAAP net income attributable to The Carlyle Group L.P. of $40 million, or $0.54 per common unit on a diluted basis, for Q1 2015

Washington, DC – Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today reported its unaudited results for the first quarter ended March 31, 2015.

Carlyle Co-CEO David M. Rubenstein said, “We continue to see an accelerating level of investor interest in our products and a majority of our funds in the market are hitting or exceeding their fundraising target sizes. In addition, the metrics that drive Carlyle's long term financial performance remain strong, including fund performance, capital formation, and asset realizations. While an adverse French tax judgment negatively impacted our results in the first quarter, we are off to a good start in 2015.”

Click here to read the full first quarter 2015 earnings release.

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