Carlyle Group's assets under management totaled $216.5 billion as of Dec. 31, up 2% from three months earlier and up 11% from 12 months earlier, the alternatives investment firm said Wednesday.
Carlyle in its earnings release attributed the increase over the year to a combination of $33.1 billion in fundraising and fund appreciation, partially offset by $24 billion in distributions to fund investors.
Carlyle's private equity AUM was $80.8 billion as of Dec. 31, down 1% from Sept. 30 but up 11% from Dec. 31, 2017. Carlyle's AUM for investment solutions — composed of customized portfolios and its co-investment/secondaries subsidiaries for private equity and real estate — was $45.7 billion, a 3% decline from three months earlier and a 1% decrease from a year earlier. Real assets AUM totaled $45.6 billion, down 1% from the end of the previous quarter but up 6% from the end of the year-ago quarter. Global credit strategies had $44.4 billion in AUM, increasing 19% from Sept. 30 and up 33% from a year earlier.