Carlyle Group’s assets up 11% in 2013

Carlyle Group's assets under management rose to $188.8 billion as of Dec. 31, up 2% from three months earlier and up 11% from a year earlier, according to the alternative investment firm's financial results released Wednesday.

U.S. GAAP net income was $71 million for the fourth quarter, up from $12 million in the fourth quarter of 2012, and $104 million for the year ended Dec. 31, up from $20.3 million at year-end 2012.

Carlyle raised $22 billion in 2013, including $3.8 billion in the fourth quarter. Realized proceeds for investors totaled $17.4 billion in 2013, including $6.3 billion in the fourth quarter.