2019-035

The Carlyle Group Announces First Quarter 2019 Financial Results

  • U.S. GAAP results included net income attributable to The Carlyle Group L.P. common unitholders of $137 million, or $1.18 per common unit on a diluted basis, for Q1 2019
  • Distributable Earnings of $101 million on a pre-tax basis for Q1 2019 and $0.25 per common unit on a post-tax basis in Q1 2019
  • Declared a quarterly distribution of $0.19 per common unit for Q1 2019
  • Assets Under Management of $221.5 billion as of Q1 2019, up 10% over the last twelve months
  • Net accrued performance revenues of $1.8 billion as of Q1 2019, up 2% over the last twelve months
  • $4.7 billion in realized proceeds in Q1 2019 and $23.1 billion realized over the last twelve months
  • $3.4 billion of invested capital in Q1 2019 and $21.8 billion invested over the last twelve months
  • $6.9 billion in capital raised in Q1 2019 and $32.3 billion raised over the last twelve months

Washington, DC – Global investment firm The Carlyle Group L.P. (NASDAQ: CG) today reported its unaudited results for the first quarter ended March 31, 2019.

U.S. GAAP results for Q1 2019 included income before provision for income taxes of $470 million, an increase of 275% from Q1 2018, and net income attributable to The Carlyle Group L.P. common unitholders of $137 million, or net income per common unit of $1.18, on a diluted basis.  U.S. GAAP results for the twelve months ended March 31, 2019 included income before provision for income taxes of $705 million and net income attributable to The Carlyle Group L.P. common unitholders of $196 million.  Total balance sheet assets were $12 billion as of March 31, 2019.

Carlyle Co-CEOs Kewsong Lee and Glenn Youngkin said, “Carlyle’s strong momentum continues with first quarter Fee Related Earnings up more than 250% from a year ago and solid investment performance driving Net Accrued Performance Revenues above $1.8 billion. In addition, we are pleased with the progress of our growth initiatives as Fee-earning AUM increased by 27% to a record $160 billion over the last twelve months.”

Click here to read the full first quarter 2019 earnings release.

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