Carlyle Group surges 11% after big results


The party continues in private equity, with Carlyle Group (CGpopping 11% premarket after economic net income in Q4 nearly doubled consensus forecasts. Behind the beat are big gains in the carrying value of fund holdings and the harvesting of profits on a number of asset sales.

$6.3B in carry fund realized proceeds in Q4 brought the total to the year for $17.4B. 6% carry fund portfolio appreciation in Q4 brought the total for the year to 20%.

$3.8B in new capital was raised in Q4, bringing the year's total to $22B. $2.2B was put to work during the quarter, $8.2B for the year.

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Comments (2)
  • Coalfan
    , contributor
    Comments (114) | Send Message
     
    Interest rates need to rise for this party to end. Soon
    19 Feb 2014, 08:46 AM Reply Like
  • StopPrintinMoney
    , contributor
    Comments (301) | Send Message
     
    what party?
    19 Feb 2014, 11:53 AM Reply Like
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