Carlyle Group swings to first-quarter loss as revenue falls
Updated
Updated · The Wall Street Journal · May 7
Carlyle Group swings to first-quarter loss as revenue falls
2 articles · Updated · The Wall Street Journal · May 7
The private-equity firm posted a $132.2 million loss, or 37 cents a share, as revenue dropped to $254 million from $973.1 million a year earlier.
A $616.7 million investment loss reversed last year's $159.8 million investment income, while distributable earnings fell 28% to $327 million, missing analyst expectations.
Assets under management rose 5% to $475 billion, but private credit AUM slipped from the prior quarter as outflows outweighed $3.9 billion of inflows amid valuation concerns.
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