The Carlyle Group Announces Preliminary Third Quarter 2013 Fund Valuations
The Carlyle Group Carry Fund Valuations | 3Q 2013 | YTD 2013 | LTM | ||||||
Overall Carry Fund Appreciation | 4% | 13% | 17% | ||||||
Corporate Private Equity | 5% | 20% | 25% | ||||||
Buyout | 5% | 20% | 25% | ||||||
Growth Capital | 7% | 11% | 17% | ||||||
Real Assets | 1% | 2% | 3% | ||||||
Real Estate | 3% | 4% | 5% | ||||||
Energy | 0% | 1% | 2% | ||||||
Global Market Strategies | 2% | 18% | 20% | ||||||
Note: Appreciation / (Depreciation) represents unrealized gain /
(losses) for the period on a total return basis before fees and
expenses. The percentage of return is calculated as: ending remaining
investment fair market value plus net investment outflow (sales proceeds
minus net purchases) minus beginning remaining investment fair market
value divided by beginning remaining investment fair market value. Fund
only, does not include co-investment. The Global Market Strategies
segment includes carry funds only and does not include structured credit
funds and hedge funds.
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1 Carlyle's "carry funds" refer to those investment funds
that we advise, including the buyout funds, growth capital funds, real
asset funds and distressed debt and mezzanine funds (but excluding our
structured credit funds, hedge funds, fund of funds vehicles and the NGP
management fee funds), where we receive a special residual allocation of
income, which we refer to as a carried interest, in the event that
specified investment returns are achieved by the fund.
2
Source: Factset. Index values based on US Dollars.
The information set forth above provides preliminary estimates and are
subject to quarterly review procedures and final reconciliations and
adjustments. Actual fund valuations may differ from the estimates
reflected in the information set forth above, and such differences may
be material. We undertake no obligation to publicly update or review
previously reported preliminary performance metrics for Carlyle's carry
funds. While appreciation/(depreciation) in Carlyle's carry funds is one
of the many drivers of performance fees, there are several other factors
that impact this type of revenue and these figures should not be
construed as an indication of performance fees, or of any other
component of Carlyle's revenues or expenses, for any period. The
preliminary carry fund performance metrics reflected in this release are
not indicative of the performance of
This release does not constitute an offer for any Carlyle fund.
Public Market Investor Relations
Managing Director, Head of Public Market
Investor Relations
Daniel.harris@carlyle.com
or
Media
Elizabeth.gill@carlyle.com
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