The Carlyle Group Announces Preliminary Fourth Quarter 2012 Fund Valuations
WASHINGTON -- January 8, 2013
Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today
released preliminary performance metrics for its carry funds^1 during the
fourth quarter of 2012.
The Carlyle Group preliminary carry fund valuations increased 4% during the
fourth quarter of 2012. Over the past twelve months, our carry fund portfolio
increased 14%. In comparison, the MSCI All Country World Index^2 (ACWI)
increased 3% during the quarter ending December 31, 2012 and has risen 14%
over the past 12 months.
The Carlyle Group Carry Fund Valuations 4Q 2012 2012
Overall Carry Fund Appreciation 4% 14%
Corporate Private Equity 5% 16%
Buyout 5% 17%
Growth Capital 6% 12%
Real Assets 1% 9%
Real Estate 1% 13%
Energy 1% 7%
Global Market Strategies 5% 23%
Note: Appreciation / (Depreciation) represents unrealized gain / (losses) for
the period on a total return basis before fees and expenses. The percentage of
return is calculated as: ending remaining investment fair market value plus
net investment outflow (sales proceeds minus net purchases) minus beginning
remaining investment fair market value divided by beginning remaining
investment fair market value. Fund only, does not include co-investment. The
Global Market Strategies segment includes carry funds only and does not
include structured credit funds and hedge funds.
The information set forth above provides preliminary estimates and are subject
to quarterly review procedures and final reconciliations and adjustments.
Actual fund valuations may differ from the estimates reflected in the
information set forth above, and such differences may be material. We
undertake no obligation to publicly update or review previously reported
preliminary performance metrics for our carry funds. While
appreciation/(depreciation) in our carry funds is one of the many drivers of
performance fees, there are several other factors that impact this type of
revenue and these figures should not be construed as an indication of
performance fees, or of any other component of our revenues or expenses, for
any period. The preliminary carry fund performance metrics reflected in this
release are not indicative of the performance of The Carlyle Group L.P. and
are also not necessarily indicative of the future performance of any
particular fund. An investment in The Carlyle Group L.P. is not an investment
in any of our funds.
This release does not constitute an offer for any Carlyle fund.
^1 Our “carry funds” refer to those investment funds that we advise, including
the buyout funds, growth capital funds, real asset funds and distressed debt
and mezzanine funds (but excluding our structured credit funds, hedge funds
and fund of funds vehicles), where we receive a special residual allocation of
income, which we refer to as a carried interest, in the event that specified
investment returns are achieved by the fund. We currently do not receive a
carried interest in existing NGP Energy Capital Management advised funds.
^2 Source: Factset. Index values based on US Dollars.
The Carlyle Group L.P.
Public Market Investor Relations:
Managing Director, Head of Public Market Investor Relations
Managing Director, Director of Global Communications
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