NEW YORK (TheStreet) -- Shares of Carlyle Group LP (CG - Get Report) are up 1.05% to $34.75 after the alternative asset management firm said its second quarter earnings doubled from a year ago as one of its European buyout funds started paying performance fees, highlighting the growth potential of its private equity business in Europe, Reuters reports.
While two U.S. buyout funds accounted for more than half of all of Carlyle's performance fees in the quarter, the firm said its third European buyout fund was now also a contributor.
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