Carlyle GMS funds grow 10% in Q4

The growth does not include CLO and hedge fund strategies managed under the Global Market Strategies platform. 

Carry funds within The Carlyle Group’s Global Market Strategies (GMS) segment appreciated in value by 10 percent during the fourth quarter, according to preliminary results released by the firm Wednesday.

The results include funds managed by Carlyle’s global distressed and corporate opportunities team, its energy mezzanine team and its mezzanine partners team, a spokesperson told Private Debt Investor. Hedge fund and CLO strategies managed under the GMS platform were not included in the results.

GMS carry funds appreciated in value by 28 percent over the last 12 months, according to the report.

The GMS platform had approximately $35.4 billion under management as of the end of the third quarter, according to an earnings report. Through Q3, the firm had raised $5.2 billion for the GMS platform this year.

Carlyle collects carry on vehicles managed by its buyout, growth capital, energy, real estate and Global Market Strategies teams. Overall, the firm’s carry funds appreciated by 6 percent during the fourth quarter and 20 percent over the last 12 months.