Carlyle Funds Lose In Q2

Jul 10 2012 | 11:57am ET

The Carlyle Group has suffered another first as a publicly-listed company: the release of bad news.

The private equity giant, which went public in May, said its carry funds—those that it advises, excluding its hedge and structured credit funds—fell 2% in value during the second quarter. That, in spite of the fact that the firm's global market strategies business, including its distressed and mezzanine investments, grew by 3% over the past three months.

Energy investments were the biggest culprits, losing 5%. Buyout funds dropped 2%. Real-estate investments rose 1%.

The carry funds remain up 8% on the year and the global market strategies funds 15%.

Carlyle will report its full second-quarter results next month.

Carlyle's carry funds account for $88.5 billion of its $159 billion in assets under management.


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