WASHINGTON, May 01, 2018 (GLOBE NEWSWIRE) -- Global alternative asset manager The Carlyle Group L.P. (NASDAQ:CG) today reported its unaudited results for the first quarter ended March 31, 2018.
Carlyle Co-CEOs Kewsong Lee and Glenn Youngkin said, “Carlyle is off to a strong start in 2018. We are benefiting from robust fundraising activity that is driving increased scale in our fund platforms and we remain on track to generate significantly higher Fee Related Earnings by the fourth quarter of 2018. Fund performance remains solid with first quarter carry fund appreciation of 3% substantially exceeding volatile public markets.”
U.S. GAAP results for Q1 2018 included income before provision for income taxes of $126 million, and net income attributable to The Carlyle Group L.P. common unitholders of $34 million, or net income per common unit of $0.30, on a diluted basis. U.S. GAAP results for the twelve months ended March 31, 2018 included income before provision for income taxes of $930 million and net income attributable to The Carlyle Group L.P. common unitholders of $189 million. Total balance sheet assets were $13 billion as of March 31, 2018.
In addition to this release, Carlyle issued a full detailed presentation of its first quarter 2018 results, which can be viewed on the investor relations section of our website at ir.carlyle.com.
Distributions
The Board of Directors has declared a quarterly distribution of $0.27 per common unit to holders of record at the close of business on May 11, 2018, payable on May 17, 2018.
The Board of Directors has declared a quarterly distribution of $0.367188 per preferred unit to preferred unitholders of record at the close of business on June 1, 2018, payable on June 15, 2018.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $201 billion of assets under management across 324 investment vehicles as of March 31, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,575 people in 31 offices across six continents.
