Key Facts
• August 6, 2025: Carlyle Group announced Q2 results with 25.6% profit growth.
• Distributable earnings: $431 million ($0.91 per share), up from $343.2 million ($0.78 per share).
• Fee-related earnings rose 18.4% to $323.3 million; fund management fees increased 16%.
• Transaction and portfolio advisory fees surged 66%.
• Total assets under management grew 7% to $465 billion.
• Subsidiary AlpInvest’s growth contributed to secondary private equity fund performance.
• Secondary market remains active despite high interest rates and geopolitical risks.
• CEO Harvey Schwartz noted accelerated market activity.
• New capital raised: $13.4 billion; investments executed: $14.6 billion.
• Remaining investment capacity at quarter-end: $89 billion.
Summary
Carlyle Group reported a 25.6% year-over-year profit increase in Q2 2025, driven by higher fee revenue and asset growth. Distributable earnings reached $431 million, with fee-related earnings up 18.4% and transaction advisory fees surging 66%. Total assets under management rose 7% to $465 billion, supported by subsidiary AlpInvest’s performance in secondary private equity funds. Despite challenges like high interest rates and geopolitical risks, the secondary market remained active. CEO Harvey Schwartz highlighted accelerated market activity. Carlyle raised $13.4 billion in new capital, executed $14.6 billion in investments, and ended the quarter with $89 billion in investment capacity.
