Friday, 4 September 2015
Last updated 1 hour 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…