Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Carlyle Group’s Carry Funds Gained 3% in Second Quarter

July 8 (Bloomberg) -- Carlyle Group LP, the world’s second-biggest private-equity firm, said the funds from which it can collect a slice of profits appreciated 3 percent in the second quarter and 9 percent in the year’s first half.

Carry funds that invest in buyouts gained 5 percent in the quarter and 15 percent in 2013, Washington-based Carlyle said today in an e-mailed statement. The Standard & Poor’s 500 Index of large U.S. companies rose 2.4 percent and the MSCI All-Country World Index fell 1.2 percent in the quarter.

The firm, which oversaw $176 billion across 114 funds and 76 funds-of-funds as of March 31, is set to report full earnings for the second quarter next month. Carlyle held its initial public offering last year and has disclosed preliminary fund performance before its scheduled earnings reports to allow stockholders to see the figures when its fund investors typically do.

Most of Carlyle’s strategies posted gains for the quarter. Carry funds in Carlyle’s real estate unit were unchanged and those investing in energy declined 3 percent. The firm’s Global Market Strategies funds appreciated 8 percent. GMS carry funds, which invest in distressed companies and lend to middle-sized companies as well as energy and power projects, advanced 22 percent over the past year.

To contact the reporter on this story: Devin Banerjee in New York at dbanerjee2@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.