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Carlyle earned an economic net income (ENI) of $89 million
before taxes, down 68 percent compared with a year earlier but
still beating market expectations.
That translated into 18 cents of ENI per share after taxes,
compared with analyst forecasts for 12 cents per share.
ENI is a crucial performance measure for U.S. private equity
firms as it accounts for unrealized gains or losses in
investments.
Known for multi-billion-dollar corporate takeovers that were all
the rage before the 2008 global financial crisis, the U.S.
private equity industry has had a slow start this year as
investor aversion to risk reduced financing for buyouts.
(Reporting by Koh Gui Qing Editing by W Simon)
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