WASHINGTON, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today reported its unaudited results for the second quarter ended June 30, 2018.
Carlyle Co-CEOs Kewsong Lee and Glenn Youngkin said, “Carlyle’s momentum continued in the second quarter, with strong fund performance, fundraising and realization activity. We are making progress in growing Fee Related Earnings, with further room to accelerate. In addition, we are excited about our new partnership with AIG and DSA Reinsurance, where our 19.9% investment stake will drive new investment mandates across our firm.”
U.S. GAAP results for Q2 2018 included income before provision for income taxes of $253 million, and net income attributable to The Carlyle Group L.P. common unitholders of $64 million, or net income per common unit of $0.56, on a diluted basis. U.S. GAAP results for the twelve months ended June 30, 2018 included income before provision for income taxes of $939 million and net income attributable to The Carlyle Group L.P. common unitholders of $195 million. Total balance sheet assets were $13 billion as of June 30, 2018.
In addition to this release, Carlyle issued a full detailed presentation of its second 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 $0.22 per common unit to holders of record at the close of business on August 13, 2018, payable on August 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 September 1, 2018, payable on September 17, 2018.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $210 billion of assets under management across 335 investment vehicles as of June 30, 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 1,625 people in 31 offices across six continents.
