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Exhibit 99.1
Carlyle Reports Third Quarter 2024 Financial Results
Washington, D.C. and New York, November 7, 2024 – Global investment firm The Carlyle Group Inc.
(NASDAQ: CG) today reported its unaudited results for the third quarter ended September 30, 2024. The full
detailed presentation of Carlyle’s third quarter 2024 results can be viewed at ir.carlyle.com.
U.S. GAAP results for Q3 2024 included income before provision for income taxes of $789 million and a margin on
income before provision for income taxes of 29.9%. Accrued performance allocations, net of accrued giveback
obligations, of $7.2 billion as of September 30, 2024 increased 27% from June 30, 2024.
Carlyle Chief Executive Officer Harvey M. Schwartz said, “Carlyle’s record third quarter results reflect the impact
of strategic actions we have taken over the past eighteen months. These actions, combined with a pick-up in
investment activity across our platform, helped generate one of the best quarters of performance in the firm’s
history, including record quarterly Fee Related Earnings and FRE margin, and a nearly 30% quarterly increase in
our net accrued performance revenues. With this momentum, we are well-positioned to capture new opportunities in
an evolving market and continue delivering strong returns and long-term growth for our clients and shareholders.”
Dividend
The Board of Directors has declared a quarterly dividend of $0.35 per common share to holders of record at the
close of business on November 18, 2024, payable on November 25, 2024.
Conference Call
Carlyle will host a conference call at 8:30 a.m. EST on Thursday, November 7, 2024, to announce its third quarter
2024 financial results. The conference call will be available via public webcast from the Events & Presentations
section of ir.carlyle.com and a replay will also be available on our website soon after the call’s completion.
About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across
three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $447 billion
of assets under management as of September 30, 2024, Carlyle’s purpose is to invest wisely and create value on
behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more
than 2,300 people in 29 offices across four continents. Further information is available at www.carlyle.com. Follow
Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.
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Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements
include, but are not limited to, statements related to our expectations, estimates, beliefs, projections, future plans and
strategies, anticipated events or trends, and similar expressions and statements that are not historical facts, including
our expectations regarding the performance of our business, our financial results, our liquidity and capital resources,
contingencies, and our dividend policy. You can identify these forward-looking statements by the use of words such
as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,”
“predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable
words. Such forward-looking statements are subject to various risks, uncertainties, and assumptions. Accordingly,
there are or will be important factors that could cause actual outcomes or results to differ materially from those
indicated in these statements including, but not limited to, those described in this press release and under the section
entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the
U.S. Securities and Exchange Commission (“SEC”) on February 22, 2024, as such factors may be updated from
time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These
factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements
that are included in this press release and in our other periodic filings with the SEC. We undertake no obligation to
publicly update or review any forward-looking statements, whether as a result of new information, future
developments, or otherwise, except as required by applicable law.
This press release does not constitute an offer for any Carlyle fund.
Contacts:
Public Market Investor Relations | Media | |||
Daniel Harris | Brittany Berliner | OR | Kristen Ashton | |
Phone: +1 (212) 813-4527 | Phone: +1 (212) 813-4839 | Phone: +1 (212) 813-4763 | ||
daniel.harris@carlyle.com | brittany.berliner@carlyle.com | kristen.ashton@carlyle.com | ||