Carlyle reported stronger-than-expected second-quarter earnings, supported by higher fee-related income, increased transaction activity and a rebound in investment realisations as private equity exit markets continued to improve, according to a report by Reuters.
The alternative asset manager posted distributable earnings of $1.07 per share for the quarter, up 18% year-on-year and ahead of analyst expectations of $0.91 per share.
Fee-related earnings, a key measure of recurring profitability, ro...
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