The Carlyle Group (CG), one of the world's leading private equity firms, saw revenue climb 60 percent and net profit (adjusting for non-controlling interests) increase 61 percent, according to a Tuesday filing with the SEC. For the nine months ended September 30, 2011, net income attributable to the firm was $918.1 million. Assets under management were down slightly at $148 billion.
The Carlyle Group filed for an IPO in September and announced yesterday that it plans to list on the NASDAQ under the symbol CG. Last year, it backed six companies that went public, and their performance has been split. On the positive side, Dunkin' Brands Group (DNKN) is trading up 34%, Kinder Morgan (KMI) 11%, and Nielsen Holdings (NLSN) 29%, while Wesco Aircraft Holdings (WAIR) at -12%, Freescale Semiconductor (FSL) at -28%, and BankUnited (BKU) at -13% are down. Another leading private equity manager, Apollo Global Management (APO), is trading down 27.4% since its offering last March, largely due to concerns of a slowing capital markets cycle.
