Carlyle Q2 Net Losses Narrow to $3.3 Mln

The Carlyle Group reported Wednesday that second quarter net losses narrowed to $3.3 million for the time period ended June 30. This compares to $10.3 million in losses for the same time period in 2012. Economic net income was $156 million versus a $57 million loss in Q2 2012. Pre-tax Distributable Earnings rose 41% to $163 million. The Washington D.C.-based buyout shop said it generated net realized proceeds of $3.9 billion during the quarter, while dry powder was $49 billion, including $20.1 billion in corporate private equity, $17.9 billion in global solutions and $9.2 billion in real assets. Total assets under management for the firm also increased 16% to $180.4 billion, Carlyle said.

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