WASHINGTON, May 01, 2019 (GLOBE NEWSWIRE) -- Global investment firm The Carlyle Group L.P. (NASDAQ: CG) today reported its unaudited results for the first quarter ended March 31, 2019.

U.S. GAAP results for Q1 2019 included income before provision for income taxes of $470 million, an increase of 275% from Q1 2018, and net income attributable to The Carlyle Group L.P. common unitholders of $137 million, or net income per common unit of $1.18, on a diluted basis. U.S. GAAP results for the twelve months ended March 31, 2019 included income before provision for income taxes of $705 million and net income attributable to The Carlyle Group L.P. common unitholders of $196 million. Total balance sheet assets were $12 billion as of March 31, 2019.

Carlyle Co-CEOs Kewsong Lee and Glenn Youngkin said, “Carlyle’s strong momentum continues with first quarter Fee Related Earnings up more than 250% from a year ago and solid investment performance driving Net Accrued Performance Revenues above $1.8 billion. In addition, we are pleased with the progress of our growth initiatives as Fee-earning AUM increased by 27% to a record $160 billion over the last twelve months.”

In addition to this release, Carlyle issued a full detailed presentation of its first quarter 2019 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 $0.19 per common unit to holders of record at the close of business on May 13, 2019, payable on May 21, 2019.

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, 2019, payable on June 17, 2019.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $222 billion of assets under management as of March 31, 2019, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,725 people in 33 offices across six continents.