Carlyle Reports Second Quarter 2024 Financial Results

Global investment firm The Carlyle Group Inc. reported its unaudited results for the second quarter ended June 30, 2024.

U.S. GAAP results for the three and six months ended June 30, 2024 included income before provision for income taxes of $219 million and $340 million, respectively, and an income before provision for income tax margin of 20.5% and 19.3%, respectively. Total balance sheet assets were $22 billion as of June 30, 2024.

Carlyle Chief Executive Officer Harvey M. Schwartz said, “The first half of 2024 reflects strong momentum across our business, with activity accelerating with improved market sentiment. This momentum is reflected in our results, where we generated record Fee Related Earnings, record FRE margins, record assets under management, and strong fundraising for the first half of 2024. We have made significant progress compared to where we were just one year ago and as the environment continues to improve, Carlyle, and our stakeholders, are well-positioned to benefit.”

Dividend

The Board of Directors has declared a quarterly dividend of $0.35 per common share to holders of record at the close of business on August 16, 2024, payable on August 26, 2024.

For full results click here.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $325 billion of assets under management as of March 31, 2022, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs nearly 1,900 people in 26 offices across five continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.

Contact:

Daniel Harris – Public Market Investor Relations – daniel.harris@carlyle.com – (212) 813-4527

Source: The Carlyle Group, Inc.