Carlyle Group's assets under management totaled $221.5 billion as of March 31, up 2.3% from three months earlier and up 9% from 12 months earlier, the alternatives investment firm said Wednesday.
Carlyle in its earnings release said the year-over-year increase in AUM was driven by a combination of $32.3 billion in fundraising and $10.8 billion in fund appreciation, partially offset by $23.1 billion in distributions to fund investors.
Carlyle's corporate private equity assets under management totaled $84.3 billion as of March 31, up 4.2% from Dec. 31 and up 11% from a year earlier.
Real assets AUM totaled $46.2 billion, a 1.3% increase from Dec. 31 and a 5% increase from March 31, 2017. Global credit strategies had $45.6 billion in AUM, up 2.6% from three months earlier and up 34.9% from a year earlier.
Assets under management for investment solutions — composed of customized portfolios and its co-investment/secondaries subsidiaries for private equity and real estate — totaled $45.4 billion, a 0.7% drop from three months earlier and a 6.8% decrease from a year earlier.