Carlyle slides 4.7% on slowed dealmaking pace

Economic net income of $322M or $0.85 per share compares to $394M or $1.02 per share a year ago.

Dealmaking slows, with $3.1B in asset sales in Q1 vs. $4.1B a year ago, and $1.1B in new investments vs. $2.5B a year ago. Warning of froth in global credit, CFO William Conway, says he doesn't find it healthy or sustainable. Q2, however, may look better, as Carlyle (CG -4.7%) has been fairly active, but the Q1 books closed before the deals did.

Previously: The Carlyle Group misses by $0.16, beats on revenue

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