WASHINGTON, May 01, 2018 (GLOBE NEWSWIRE) -- Global alternative asset manager The Carlyle Group L.P. (NASDAQ:CG)
today reported its unaudited results for the first quarter ended March 31, 2018.
Carlyle Co-CEOs Kewsong Lee and Glenn Youngkin said, “Carlyle is off to a strong start in 2018. We are
benefiting from robust fundraising activity that is driving increased scale in our fund platforms and we remain on track to
generate significantly higher Fee Related Earnings by the fourth quarter of 2018. Fund performance remains solid with first quarter
carry fund appreciation of 3% substantially exceeding volatile public markets.”
U.S. GAAP results for Q1 2018 included income before provision for income taxes of $126 million, and net income
attributable to The Carlyle Group L.P. common unitholders of $34 million, or net income per common unit of $0.30, on a diluted
basis. U.S. GAAP results for the twelve months ended March 31, 2018 included income before provision for income taxes of
$930 million and net income attributable to The Carlyle Group L.P. common unitholders of $189 million. Total balance sheet
assets were $13 billion as of March 31, 2018.
In addition to this release, Carlyle issued a full detailed presentation of its first quarter 2018 results, which can be viewed
on the investor relations section of our website at ir.carlyle.com.
Distributions
The Board of Directors has declared a quarterly distribution of $0.27 per common unit to holders of record at
the close of business on May 11, 2018, payable on May 17, 2018.
The Board of Directors has declared a quarterly distribution of $0.367188 per preferred unit to preferred
unitholders of record at the close of business on June 1, 2018, payable on June 15, 2018.
Conference Call
Carlyle will host a conference call at 8:30 a.m. EDT on Tuesday, May 1, 2018, to announce its first quarter
2018 financial results. The call may be accessed by dialing +1 (800) 850-2903 (U.S.) or +1 (253) 237-1169 (international)
and referencing “The Carlyle Group Financial Results Call.” The conference call will be webcast simultaneously via a link on
Carlyle’s investor relations website at ir.carlyle.com and an archived replay of the webcast also will be available on the website
soon after the live call.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $201 billion of assets under
management across 324 investment vehicles as of March 31, 2018. Carlyle’s purpose is to invest wisely and create value on
behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real
Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer &
retail, energy, financial services, healthcare, industrial, real estate, technology & business services,
telecommunications & media and transportation. The Carlyle Group employs more than 1,575 people in 31 offices across six
continents.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited
to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and
capital resources, contingencies, our distribution policy, and other non-historical statements. You can identify these
forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,”
“should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these
words or other comparable words. Such forward-looking statements are subject to various risks, uncertainties and assumptions.
Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those
indicated in these statements including, but not limited to, those described under the section entitled “Risk Factors” in our
Annual Report on Form 10-K for the year ended December 31, 2017 filed with the SEC on February 15, 2018, as such factors
may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov.
These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are
included in this release and in our filings with the SEC. We undertake no obligation to publicly update or review any
forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by
applicable law.
This release does not constitute an offer for any Carlyle fund.
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