This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

(Graphic: Business Wire)

Global alternative asset manager The Carlyle Group L.P. (NASDAQ:CG) today reported its unaudited results for the third quarter of 2013, which ended on September 30, 2013.

Carlyle Co-CEO David M. Rubenstein said, “We continue to see strong interest from fund investors for Carlyle products, and our overall pace of fundraising is the highest since 2007. Carlyle has produced $1.33 per common unit in Distributable Earnings year to date and announced distributions to unitholders of $0.48, positioning unitholders for a solid year end distribution. We continue to innovate and add high quality strategic assets to Carlyle, and we look forward to taking a deep dive into all of Carlyle’s businesses at our first Investor Day on November 11th.”

Carlyle Co-CEO William E. Conway, Jr. said, “Our carry funds performed well in the quarter, posting 4% appreciation across the entire platform, with specific strength in Corporate Private Equity which is now up 25% over the past year. We have generated realized proceeds of nearly $18 billion for our fund investors over the past twelve months, and we currently have additional portfolio companies in the pipeline which we expect to go public over the next two quarters. Our investing acumen and fund performance has driven Carlyle’s net accrued carry balance up 34% year to date to $1.6 billion.”

U.S. GAAP results for Q3 2013 included loss before provision for income taxes of ($8.6) million and net income attributable to the common unitholders through The Carlyle Group L.P. of $2.3 million, or net income per common unit of $0.04 on a diluted basis. Total balance sheet assets were $33.9 billion as of September 30, 2013.

Third Quarter Distribution

The Board of Directors has declared a quarterly distribution of $0.16 per common unit to holders of record at the close of business on November 18, 2013, payable on November 27, 2013.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,351.38 +293.03 1.82%
S&P 500 1,948.86 +35.01 1.83%
NASDAQ 4,749.9790 +113.8740 2.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs