Carlyle Funds Rise 4% in Quarter as Most Strategies GainDevin Banerjee
Carlyle Group LP, the world’s second-biggest manager of alternative assets such as private equity and real estate, said the funds from which it can collect a slice of profits appreciated 4 percent in the third quarter and 13 percent this year through September.
Carry funds that invest in buyouts gained 5 percent in the quarter and 20 percent in 2013, Washington-based Carlyle said today in a statement. The Standard & Poor’s 500 Index of large U.S. companies rose 4.7 percent in the quarter, and the MSCI All-Country World Index increased 7.4 percent.
Carlyle, which oversees $180 billion across 118 funds and 81 funds-of-funds, is set to report full earnings for the third quarter on Nov. 8. The firm 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 rose 3 percent and those investing in energy were unchanged.
The firm’s Global Market Strategies funds, which invest in distressed companies and lend to mid-sized companies as well as energy and power projects, appreciated 2 percent in the quarter and 18 percent in 2013.
Blackstone Group LP, the largest alternative-asset manager, is set to report third-quarter results on Oct. 17.