Carlyle Group's assets under management totaled $192.8 billion as of June 30, primarily unchanged from three months previous, when the alternative money manager reported $192.7 billion, its earnings report showed.
Assets under management were down 4.9% from a year earlier.
The second-quarter gains of $4.5 billion due to new capital commitments, $2.8 billion from market appreciation and $2.2 billion in foreign-exchange increases were offset by $8.9 billion in net distributions and $700 million in net redemptions.
The company reported $130 billion in fee-earning AUM as of June 30, also relatively flat from the previous quarter's $129.4 billion, and down 10.7% from a year earlier.
Net income under U.S. generally accepted accounting principles was $31 million for the second quarter, down from $40 million in the first quarter and up from $20 million in the second quarter of 2014.
Carlyle's net accrued performance fees totaled $1.6 billion for the second quarter, $1.4 billion of which came from corporate private equity. Real assets accounted for $110 million. Within that, real estate accounted for $146 million, natural resources $18 million, offset by a loss of $54 million in legacy energy funds managed with Riverstone Holdings.