The Carlyle Group Lp ( (CG) ) has released its Q3 earnings. Here is a breakdown of the information The Carlyle Group Lp presented to its investors.
The Carlyle Group Inc. is a global investment firm specializing in private capital deployment across sectors such as Global Private Equity, Global Credit, and Global Investment Solutions, with $447 billion in assets under management as of September 2024.
In its third quarter of 2024, The Carlyle Group announced robust financial results, highlighting significant growth in both revenue and performance metrics, driven by strategic actions and increased investment activity. The firm reported income before taxes of $789 million with a strong margin of 29.9%, and notable increases in accrued performance allocations.
Key performance metrics for the quarter included a record increase in Fee Related Earnings and a 30% rise in net accrued performance revenues. Carlyle’s strategic moves over the past eighteen months have been instrumental in achieving these results, positioning the firm advantageously in the evolving market landscape.
Looking ahead, Carlyle is poised for continued growth and opportunity capture, as stated by CEO Harvey M. Schwartz, who emphasized the firm’s momentum and strategic positioning for delivering long-term returns for clients and shareholders.
