Saturday, 10 October 2015
Last updated 16 hours ago
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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…