Carlyle Carry Fund Valuations Rise 5 Percent In Q2

(RTTNews) - Private equity giant Carlyle Group L.P. (CG) said Monday that its preliminary carry fund valuations increased 5 percent during the second quarter of 2014.

Carlyle's carry funds are the investment funds that the company advises. These include the buyout funds, growth capital funds, real asset funds, infrastructure funds, certain energy funds, and distressed debt and mezzanine funds, where the company receives a special residual allocation of income.

However, it excludes the company's structured credit funds, hedge funds, fund of funds vehicles, and the NGP funds.

Carlyle said its overall carry fund valuations rose 5 percent during the second quarter and 11 percent for the year-to-date six-month period. Over the past twelve months, the company's carry fund portfolio increased 20 percent.

In comparison, the MSCI All Country World Index or ACWI increased 4 percent during the second quarter ending June 30, 2014 and increased 21 percent over the past 12 months.

Carlyle's Corporate private equity carry funds increased 5 percent during the second quarter and rose 13 percent in the six-month year-to-date period.

Within corporate private equity, Carlyle's buyout funds rose 5 percent during the second quarter and 13 percent for the year-to-date period. Meanwhile, Growth Capital funds increased 13 percent in the quarter and 14 percent for the year-to-date period.

Carlyle's real assets carry fund valuations increased 3 percent in the second quarter and 5 percent in the six-month period. Within this segment, funds in Carlyle's real estate unit rose 4 percent in the quarter, while funds investing in energy rose 2 percent. For the year-to-date period, real estate funds grew 6 percent and energy funds increased 4 percent.

Carlyle's Global Market Strategies funds grew 12 percent in the quarter and increased 16 percent in the year-to-date period.

CG closed Monday's trading at $35.12, up $0.17 or 0.49 percent on a volume of 283,748 shares. In after-hours, the stock declined $0.04 or 0.11 percent to $35.08.