(Graphic: Business Wire)

Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG), today reported its unaudited second quarter 2012 results.

David M. Rubenstein, Co-Chief Executive Officer of Carlyle, said, “Our firm, portfolio and funds are in very good shape, despite a quarter marked by significant volatility in global equity markets and continued uncertainty in Europe. Distributable earnings, the metric that we believe best represents the results of our long term approach to value creation, was $785 million over the last twelve months, a 39% increase over the prior LTM period of $567 million. 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.”

William E. Conway, Jr., Co-Chief Executive Officer of Carlyle, said, “Carlyle deployed $1.4 billion across our portfolio in the second quarter, and since the beginning of July we have agreed to invest a minimum of $1.6 billion in new transactions that are expected to close in coming quarters. We have made some of our best investments during uncertain times, and our recent investments reflect the choice opportunities we see today as well as our long-term investment horizon. Additionally, we realized $3 billion in proceeds from 32 carry funds for our fund investors, a strong pace that reflects our diverse global platform.”

U.S. GAAP results for the second quarter of 2012 included income before provision for income taxes of $186 million and a net loss attributable to The Carlyle Group L.P. of ($10) million, or a loss of ($0.26) per common unit. For the second quarter of 2011, Carlyle was still a private partnership, and income before provision for income taxes was $317 million and net income attributable to Carlyle Holdings was $372 million. Total revenue was $248 million, compared with $756 million in the second quarter 2011. Pro forma net loss per common unit was ($0.39) for the second quarter 2012. Total balance sheet assets were $29.6 billion as of June 30, 2012 compared with $24.7 billion as of December 31, 2011.

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