WASHINGTON--(EON: Enhanced Online News)--Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today released preliminary performance metrics for its carry funds1 during the third quarter of 2013.
The Carlyle Group preliminary carry fund valuations increased 4% during the third quarter of 2013. Over the past twelve months, Carlyle’s carry fund portfolio increased 17%. In comparison, the MSCI All Country World Index2 (ACWI) increased 8% during the quarter ending September 30, 2013 and has risen 16% over the past 12 months.
|The Carlyle Group Carry Fund Valuations||3Q 2013||YTD 2013||LTM|
|Overall Carry Fund Appreciation||4%||13%||17%|
|Corporate Private Equity||5%||20%||25%|
|Global Market Strategies||2%||18%||20%|
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.
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.