The Carlyle Group Announces Preliminary Second Quarter 2013 Fund Valuations

Mon Jul 8, 2013 5:06pm EDT

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The Carlyle Group Announces Preliminary Second Quarter 2013 Fund Valuations

Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today released preliminary performance metrics for its carry funds1 during the second quarter of 2013.

The Carlyle Group preliminary carry fund valuations increased 3% during the second quarter of 2013. Over the past twelve months, Carlyle’s carry fund portfolio increased 16%. In comparison, the MSCI All Country World Index2 (ACWI) decreased 1% during the quarter ending June 30, 2013 and has risen 14% over the past 12 months.

           
The Carlyle Group Carry Fund Valuations     2Q 2013     YTD 2013     LTM
 
Overall Carry Fund Appreciation 3% 9% 16%
 
Corporate Private Equity 5% 14% 24%
Buyout 5% 15% 25%
Growth Capital 2% 4% 11%
 
Real Assets (2%) 1% 2%
Real Estate 0% 1% 7%
Energy (3%) 1% 0%
 
Global Market Strategies     8%     16%     22%
 
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.
 

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1 Carlyle’s “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, fund of funds vehicles and the NGP management fee funds), 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.

 

2 Source: Factset. Index values based on US Dollars.

 

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 Carlyle’s carry funds. While appreciation/(depreciation) in Carlyle’s 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 Carlyle’s 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 Carlyle’s funds.

This release does not constitute an offer for any Carlyle fund.

The Carlyle Group L.P.
Public Market Investor Relations
Daniel Harris, 212-813-4527
Managing Director, Head of Public Market Investor Relations
Daniel.harris@carlyle.com
or
Media
Elizabeth Gill, 202-729-5385
Elizabeth.gill@carlyle.com

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