Reuters - Carlyle Returns to Q3 Profit as Assets Recover
Carlyle Group LP reported on Thursday a third-quarter profit, as the value of its assets increased and it cashed out on some of its private equity investments, returning money to its investors. Carlyle reported third-quarter economic net income, a measure of its profitability, of $219 million, compared with a loss of $191 million a year before. Assets under management were $157.4 billion at the end of September, up 0.8 percent from the end of June, while fee-earning assets under management were $115.1 billion.
8 November 2012•1 min read
