Wednesday, 23 July 2014
Last updated 5 hours ago
Aug 8 2012 | 12:37pm ET
The Carlyle Group said the second quarter was its best for fundraising in four years as it announced a 29% increase in distributable earnings.
The private equity giant took in $3.9 billion during the three months from April to June. Washington, D.C.-based Carlyle added that it was on track to raise $10 billion for its latest fund.
"The nearly $4 billion in new capital we raised this quarter reflects the expected pick-up in fundraising as our sixth U.S. buyout fund began to close on new commitments," co-CEO David Rubenstein said.
The firm said it invested $1.4 billion during the second quarter. But while distributable earnings rose to $115 million, a 2% decline in the value of Carlyle's private equity portfolio sent the firm to a $57 million net loss on the quarter, compared to a $237 million profit in the year-earlier period.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…