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Carlyle Funds Rose 5% in Second Quarter Outpacing Market

Carlyle Group LP (CG), the world’s second-biggest manager of alternatives to stocks and bonds, said the funds from which it can collect a slice of profits appreciated 5 percent in the second quarter and 11 percent in the first half of the year.

Carry funds that invest in buyouts gained 5 percent in the quarter and 13 percent through June, Washington-based Carlyle said today in a statement. The Standard & Poor’s 500 Index (SPX) of large U.S. companies rose 4.7 percent in the quarter, and the MSCI All-Country World Index increased 4.3 percent.

Carlyle, which oversees $199 billion across 120 funds and 133 funds-of-funds, is set to report full earnings for the second quarter next month. The firm held its initial public offering in 2012 and has disclosed preliminary fund performance before its scheduled earnings reports to allow stockholders to see the figures when its fund investors typically do.

All of Carlyle’s carry-fund strategies posted gains for the quarter. Funds in Carlyle’s real estate unit rose 4 percent and those investing in energy appreciated 2 percent. The firm’s Global Market Strategies funds, which invest in distressed companies and lend to mid-size businesses as well as energy and power projects, appreciated 12 percent in the quarter and 16 percent in the first half.

Blackstone Group LP (BX), the largest alternative-asset manager, is set to report second-quarter results on July 17.

To contact the reporters on this story: Devin Banerjee in New York at dbanerjee2@bloomberg.net; Meghan Morris in New York at mmorris109@bloomberg.net

To contact the editors responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net Josh Friedman, Mary Romano

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