The Carlyle Group's assets under management totaled $202.6 billion as of Sept. 30, down 0.5% from three months earlier but up 10% from a year earlier, said the alternative investment firm's third-quarter earnings report released Wednesday.
U.S. net income under generally accepted accounting principles was $25.4 million for the third quarter, compared with $20 million in the second quarter and $2.3 million in the third quarter of 2013.
Management fees were $307.4 million in the third quarter, down 3% from the second quarter but up 19% from the year-earlier quarter. Realized performance fees were $176.9 million, down 57% from the second quarter but up 63% from the same period last year.
During the third quarter, Carlyle generated realized proceeds in its funds that produced carried interest of $4.5 billion from 146 investments in 38 funds. Carlyle invested $3.7 billion from these funds in 108 new or follow-on investments from 33 funds.