Carlyle's second-quarter earnings double

http://ift.tt/eA8V8J While two U.S. buyout funds accounted for more than half of all of Carlyle's performance fees in the quarter, the Washington, D.C.-based private equity firm said its third European buyout fund was now also a contributor. "Europe and Japan are both priced at about 20 percent lower than the United States. Yet private equity dominates its income, accounting for 32 percent of assets under management but 65 percent of its earnings in the quarter. Carlyle's private equity fund portfolio appreciated by 5 percent in the quarter, in line with rival KKR & Co LP's (KKR.N) funds, but less than the private equity portfolio of Blackstone Group LP (BX.N), which rose by 8.4 percent.



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