Carlyle Group Unveils Q4 and Full Year 2012 Profit Declarations
The Carlyle Group, a global investment firm, has recently announced its financial results for the fourth quarter of 2012. Here's a summary of the key highlights:
Economic Net Income (ENI) and Fee-Related Earnings
The Economic Net Income (ENI) for Q4 2012 stood at $182 million, marking a significant increase from the same quarter in 2011. This growth was primarily driven by a 4% appreciation in Carlyle's carry fund portfolio, as well as an increase in fee-related earnings.
Fee-related earnings for Q4 2012 were $55 million, a substantial rise from $14 million in Q4 2011. This increase was due to an increase in fee-earning assets under management, lower general and administrative expenses, and $18 million in proceeds from an insurance settlement.
U.S. GAAP Net Income and Distributable Earnings
The U.S. GAAP net income attributable to The Carlyle Group L.P. was $12 million for Q4 2012, equating to $0.25 per common unit on a fully diluted basis. The company also announced Distributable Earnings of $0.49 per common unit in Q4 2012 and $1.39 per common unit since its IPO in May 2012.
Portfolio Performance
Carlyle's public carry fund portfolio increased by 4% during Q4 2012, while the private carry fund portfolio increased by 3%. However, the specific companies that The Carlyle Group acquired in the fourth quarter of 2012 were not disclosed in the available information.
Capital Raising and Investment
In 2012, The Carlyle Group raised $14.0 billion in new capital, more than double the 2011 level. This includes $4.6 billion raised in Q4 2012. The firm also invested $7.9 billion in carry fund equity throughout the year, with $3.3 billion invested in Q4 2012.
Total Assets Under Management
As of Q4 2012, The Carlyle Group's total assets under management (AUM) stood at $170.2 billion, representing a 16% increase in 2012. The firm's AUM is distributed across Corporate Private Equity ($53.3 billion), Global Market Strategies ($1.8 billion), Real Assets ($9.9 billion), and Fund of Funds Solutions ($14.5 billion).
Distributions to Common Unitholders
Carlyle intends to distribute $0.16 per full quarter to common unitholders for each of the first three quarters of the calendar year, with a year-end catch-up distribution. A quarterly distribution of $0.85 per common unit was declared for Q4 2012, with aggregate distributions of $1.12 per common unit for the year 2012.
Realized Net Performance Fees and Realized Investment Income
Realized Net Performance Fees for Q4 2012 were $127 million, a decrease from $216 million in Q4 2011. Realized Investment Income for Q4 2012 was $6 million.
Acquisitions
Equity interests in NGP Energy Capital Management and Vermillion Asset Management were acquired during Q4 2012. In 2012, the Carlyle Group realized $18.7 billion in carry fund realizations and more than $36 billion over the past two years.
The Board of Directors declared a quarterly distribution of $0.85 per common unit to holders of record at the close of business on March 4, 2013, payable on March 13, 2013.
This news article provides an overview of The Carlyle Group's Q4 2012 financial results. For more detailed information, it is recommended to refer to the company's official reports and statements.
Read also:
- Trade Disputes Escalate: Trump Imposes Tariffs, India Retaliates; threatened boycott ranges from McDonald's, Coca-Cola to iPhones
- Aquatech purchases Koch's Direct Lithium Extraction business, merging Li-ProTM DLE technology into the PEARLTM Technology Platform.
- Nepal's Journey: Evolution from Street Life to Political Power
- Li Auto faces scrutiny after crash test involving i8 model and a truck manufacturer sparks controversy
