Carlyle’s buyout funds grow 5% in third quarter

The value of Carlyle’s buyout funds increased by 12% since the beginning of 2012. Its buyout funds grew by 5% in the third quarter while growth capital valuations were unchanged.

The Carlyle Group’s carry funds increased performance in the third quarter, despite experiencing some drag from its energy funds.

The listed firm’s overall carry fund valuation jumped 3 percent in the third quarter after declining in the second quarter. So far this year, Carlyle’s carry fund valuation has risen by 11 percent. Its buyout funds grew by 5 percent in the third quarter and increased its overall private equity fund valuation by 12 percent since the beginning of 2012.

Growth capital and energy were Carlyle’s weakest performing asset groups. Growth capital valuations were unchanged in the third quarter. Since the beginning of 2012, its value increased by 6 percent. In the third quarter, Carlyle’s energy funds depreciated 3 percent, although those funds’ performance improved slightly compared to the 5 percent decrease in the second quarter. 

Carlyle did not disclose the funds that are included in the preliminary third quarter fund valuations. The firm declined to comment on the statement.

Carlyle is investing from a number of funds, including its $2.55 billion Asia Partners III, its $164 million Asia Venture Partners II, its €5.35 billion European Partners II and its €530 million Europe Technology Partners II. 

The firm has been very active in recent months. In June Carlyle acquired Light Force, an Italian fashion group, using its Carlyle European Partners III fund. In July 2012, Carlyle acquired industrial pump and compressor manufacturer Hamilton Sundstrand Industrial, together with BC Partners for $3.46 billion. In August, the firm agreed to buy DuPont Performance Coatings for $4.9 billion in cash. Carlyle also bought a 30 percent stake in a Turkish hosiery company in September, using its MENA-focused $500 million growth capital and buyout 2008 vintage.