Reports Q3 revenue $2.6B, consensus $921.66M. Reports total AUM $447B. Carlyle (CG) CEO Harvey M. Schwartz said, “Carlyle’s record third quarter results reflect the impact of strategic actions we have taken over the past eighteen months. These actions, combined with a pick-up in investment activity across our platform, helped generate one of the best quarters of performance in the firm’s history, including record quarterly Fee Related Earnings and FRE margin, and a nearly 30% quarterly increase in our net accrued performance revenues. With this momentum, we are well-positioned to capture new opportunities in an evolving market and continue delivering strong returns and long-term growth for our clients and shareholders.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CG:
- Wall Street institutions loan over $11B to ‘neocloud’ companies, WSJ says
- Is CG a Buy, Before Earnings?
- Carlyle pulls out of bidding for Thyssenkrupp defense unit, FT reports
- CorroHealth enters agreements for investment from Patient Square Capital
- Carlyle price target raised to $47 from $45 at Evercore ISI