Carlyle Group reported assets under management of $198.9 billion as of March 31, a 5.3% increase from three months earlier and a 12.8% gain from a year ago, according to the alternative investment management firm's earnings report released Wednesday.
U.S. GAAP net income was $24.6 million in the first quarter, down from $71 million in the fourth quarter and down from $33.8 million in the first quarter of 2013.
Carlyle has raised $22.8 billion in the year ended March 31, including $5.5 billion in the most recent quarter. Realized proceeds for investors totaled $16.3 billion in the year ended March 31, including $3.1 billion in the first quarter of 2014.
