Carlyle Group's Mixed Q3: Record Q3 Fee-Related Earnings, Revenue Miss & More

The Carlyle Group Inc. (NASDAQ:CG) reported the third quarter adjusted EPS of $0.95, beating the consensus of $0.90, and revenues of $895.0 million missed the consensus of $921.7 million.

Net Accrued Performance Revenues were $2.8 billion, up 28% quarter-over-quarter, and up 17% from fourth-quarter 2023, primarily led by appreciation across the portfolio.

Realized Net Performance Revenues were $91 million, led by exit activity in the third Europe technology fund, the fourth Asia buyout fund, the third Japan buyout fund, and the eighth U.S. real estate fund.

Apart from this, Fee-related earnings rose 36% year over year to $278 million in the quarter. Total Assets Under Management ...