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Carlyle Returns $19B to Investors, Boasts 150% Earnings Jump in New IPO Filing


The Carlyle Group returned $19 billion to investors last year and reported a 152 percent year-on-year leap earnings, according to Reuters.

"In 2011, Carlyle distributed about $19 billion to its fund investors, up from $8 billion in 2010. As of the end of 2011, its buyout, credit and real estate funds collectively had about $22 billion in capital not yet committed - so-called dry powder. Economic net income, an accounting measure of the firm's profitability that takes into account the mark-to-market valuation of its assets, dropped from $1 billion in 2010 to $833.1 million in 2011 on choppy financial markets.

But stripped of paper profits and losses, 2011 earnings were much stronger. Distributable earnings came in at $864.4 million, more than twice the distributable earnings of $342.5 million in 2010. Most of that increase was a result of gains in its buyout business, although its capital markets unit also contributed," said Reuters.

The disclosures were made in a new filing Thursday.

The Washington D.C. private equity giant filed IPO paperwork last year.

In the new filing, "Carlyle said it would bring in seven members to its board of directors, including five independent members, to join the firm's three founders: William Conway, Daniel D'Aniello and David Rubenstein. These include Travelers Companies Inc Chief Executive Jay Fishman, retired Marriott International Inc (MAR.N) Vice Chairman William Shaw and Lawton Fitt, a director of Thomson Reuters Corp (TRI.TO), the parent company of Reuters News.

Independent directors will receive a retainer of $175,000, of which $125,000 will be payable in cash and $50,000 payable in the form of an annual deferred restricted share award, as well as $200,000 of deferred restricted shares under the firm's equity incentive plan," said Reuters.

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