Carlyle's AUM up 16% in 2012
By Arleen Jacobius | February 21, 2013 4:27 pm
Carlyle Group's total assets under management totaled $170.2 billion as of Dec. 31, up 16% from a year earlier, according to the alternative investment firm's quarterly earnings report Thursday.
Carlyle attributes much of the increase to the acquisitions of equity interests in NGP Energy Capital Management and Vermillion Asset Management, which added a combined $14.4 billion in assets, new capital commitments of more than $3.5 billion, market appreciation of about $2.9 billion and the impact of foreign-exchange rates of about $640 million.
This was offset by a $383 million reduction in the par value of collateralized loan obligation collateral and $8 billion in net distributions.
Carlyle's private equity assets increased 4% to $53.3 billion as of Dec. 31. Global market strategies, which include CLOs and hedge funds, increased 33% to $32.5 billion and real assets grew 31% to $40.2 billion, and fund-of-funds assets were up 8% to $44.1 billion.
Net income measured using generally accepted accounting principles doubled to $2.4 billion for the year ended Dec. 31 vs. year-end 2011. GAAP net income attributed to the public unit holders through Carlyle Group was $20.3 million for the year ended Dec. 31.