At Trade With Beta , we discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial and ask any question in our chat room full of sophisticated traders and investors.Recently, OXLC cut its dividends , and we are afraid this will happen to its peers. We think Carlyle Credit Income Fund ( CCIF ) and OFS Credit Company Inc ( OCCI ) are atArbitrage Trader, aka Denislav Iliev has been day trading for 15+ years and leads a team of 40 analysts. They identify misp ...

The Carlyle Group (NasdaqGS:CG) Q4 2025 Earnings call February 06, 2026 08:30 AM ET Company ParticipantsAlex Bloistein - Managing DirectorBrian McKenna - Director of Equity ResearchDaniel Harris - Head of Investor RelationsGlenn Schorr - Managing DirectorHarvey Schwartz - CEOJustin Plouffe - CFOMark Jenkins - Head of Global CreditMark Paolini - Investment Bank AssociateMichael Cyprys - Managing DirectorPatrick Davitt - PartnerSteven Chubak - Managing DirectorConference Call ParticipantsBen Budish - Equity R ...

The Carlyle Group (NasdaqGS:CG) Q4 2025 Earnings call February 06, 2026 08:30 AM ET Company ParticipantsAlex Bloistein - Managing DirectorBrian McKenna - Director of Equity ResearchDaniel Harris - Head of Investor RelationsGlenn Schorr - Managing DirectorHarvey Schwartz - CEOJustin Plouffe - CFOMark Jenkins - Head of Global CreditMark Paolini - Investment Bank AssociateMichael Cyprys - Managing DirectorPatrick Davitt - PartnerSteven Chubak - Managing DirectorConference Call ParticipantsBen Budish - Equity R ...

Financial Data and Key Metrics Changes - 2025 was a record year for the company, with fee-related earnings (FRE) up 12% year-over-year, reaching a margin of 47% [4][15] - Total inflows amounted to $54 billion, significantly exceeding the original target of $40 billion, and representing a 32% increase year-over-year [4][16] - Distributable earnings (DE) for 2025 were $1.7 billion, or $4.02 per share, an 11% increase from the previous year [13][15] - Total fee revenues reached a record $2.6 billion for the full year, reflecting a 10% organic growth rate [15] Business Line Data and Key Metrics Changes - Carlyle AlpInvest generated a record $274 million of FRE for the year, up nearly 60% [17] - Global Credit delivered a record $402 million of FRE for 2025, up 21% from the prior year [18] - Global private equity realized over $18 billion of proceeds in 2025, the highest level in the past three years [19] Market Data and Key Metrics Changes - The company was the number 1 private equity sponsor globally by IPO proceeds, generating approximately $10 billion of IPO issuance over the past two years [5][6] - The IPO of Medline raised more than $7 billion, marking it as the largest sponsor-backed IPO of all time [6] - Direct lending had a record quarter of originations, with CLO inflows of $7 billion in 2025, up almost 20% from the prior year [9][10] Company Strategy and Development Direction - The company continues to focus on investment performance, disciplined capital allocation, and delivering long-term value for global investors and shareholders [11] - Strategic investments have been made in global wealth, insurance solutions, and asset-backed finance, with significant opportunities for continued growth [15] - The company plans to host a shareholder update to share multi-year financial targets and insights into its strategic direction [12] Management's Comments on Operating Environment and Future Outlook - Despite recent market volatility, management remains optimistic about the economic engine, citing strong January data indicating good GDP growth and EBITDA generation [25][26] - The company expects continued growth supported by a diversified fundraising pipeline and improving capital markets conditions [20] - Management acknowledges the complexity of the macro environment but believes it is generally constructive for deployment and realization activity [20] Other Important Information - The company returned a record $1.2 billion of capital to shareholders through dividends and share buybacks during 2025 [19] - The balance sheet remains strong, with $2 billion in cash and over $3 billion in investments [19] Q&A Session Summary Question: Thoughts on sustainability of monetization momentum into 2026 - Management is cautious about extrapolating recent market volatility but notes that January data looks promising for GDP growth and margins [25][26] Question: State of play in direct lending and credit - Management feels well-positioned in direct lending and has added key leaders to enhance origination and integration across private credit strategies [32][34] Question: Expectations for management fee growth in 2026 - Management will provide more details in the upcoming shareholder update but emphasizes the diversification in business mix driving success [52][78] Question: Outlook for CLOs in 2026 - The CLO business has performed well, and management expects another active year, although it may not reach the record levels of the past two years [83] Question: Steps to enhance originations in the credit business - The company has built a strong origination team and achieved record originations in 2025, with plans to continue leveraging its capabilities [88][90]

Carlyle Reports Fourth Quarter and Full-Year 2025 Financial Results FEBRUARY 6, 2026 Carlyle Reports Fourth Quarter and Full-Year 2025 Financial Results WASHINGTON, DC AND NEW YORK, NY – February 6, 2026 – The Carlyle Group Inc. (NASDAQ: CG) today reported its unaudited results for the fourth quarter and full- year ended December 31, 2025. U.S. GAAP Results For Q4 2025 and FY 2025, U.S GAAP results included income before provision for income taxes of $462 million and $1.2 billion, respectively, and a margin ...

Financial Performance - Carlyle reported Q4 2025 net income attributable to common stockholders of $358 million, translating to $0.96 per diluted share, and full-year net income of $809 million, or $2.18 per diluted share[15]. - Total revenues for Q4 2025 reached $1.9 billion, a significant increase from $1.03 billion in Q4 2024, while full-year revenues were $4.78 billion, down from $5.43 billion in FY 2024[15]. - Distributable Earnings ("DE") were $436 million for Q4 2025, or $1.01 per common share, and $1.7 billion, or $4.02 per common share for FY 2025[21]. - Fee Related Earnings ("FRE") of $290 million for Q4 2025, up 1% year-over-year, and $1.2 billion for FY 2025, up 12% from FY 2024[34]. - Total segment revenues for FY 2025 were $3,901.5 million, compared to $3,655.4 million in FY 2024, reflecting a growth of 6.7%[84]. - Distributable earnings for FY 2025 were $1,691.2 million, up from $1,525.5 million in FY 2024[84]. - Net income attributable to The Carlyle Group Inc. for FY'25 is projected to be $1,020.4 million, a recovery from a loss of $608.4 million in FY'24[136]. Revenue Sources - Fund management fees increased to $606.8 million in Q4 2025, up from $597.4 million in Q4 2024, and full-year fees rose to $2.40 billion from $2.19 billion[15]. - Incentive fees for Q4 2025 were $55.4 million, compared to $37.3 million in Q4 2024, with full-year incentive fees increasing to $190.5 million from $133.5 million[15]. - Total investment income for FY'25 is projected at $1,341.7 million, compared to $2,254.4 million in FY'24, showing a decrease of 40.5%[136]. Assets Under Management - Carlyle's assets under management stood at $477 billion as of December 31, 2025, reflecting strong investor confidence and disciplined execution of strategy[7]. - Total Assets Under Management reached $477 billion, an 8% increase year-over-year, with Fee-earning Assets Under Management at $337 billion, up 11% year-over-year[22]. - Performance Fee Eligible AUM increased by 3% to $236 billion, primarily due to inflows in Alplnvest funds and an 8% appreciation across the carry fund portfolio[47]. - Total AUM for Global Private Equity was flat at $164 billion as of December 31, 2025, with inflows of $1.3 billion offset by realizations[67]. - Total AUM reached $211 billion as of December 31, 2025, a 1% increase from the prior quarter, driven by inflows of $5.4 billion and market activity[73]. Expenses and Compensation - Total expenses for Q4 2025 were $1.38 billion, up from $800.7 million in Q4 2024, with significant increases in cash-based and equity-based compensation[15]. - The total compensation and benefits for FY'25 are projected to be $2,206.2 million, a decrease from $2,704.9 million in FY'24, reflecting a reduction of approximately 18.4%[136]. - Equity-based compensation expenses for FY'25 are expected to be $376.6 million, a decrease from $476.5 million in FY'24, reflecting a reduction of approximately 21%[123]. Shareholder Returns - The company declared a quarterly dividend of $0.35 per common share, payable on February 20, 2026[4]. - The dividend per common share for FY 2025 was $1.40, with a consistent quarterly dividend of $0.35[116]. - The total cost of shares repurchased and retired during the period was $686.5 million[117]. Market Outlook and Strategy - Carlyle anticipates entering 2026 with strong momentum and a focus on long-term value creation for investors and portfolio companies[6]. - The company has indicated plans for market expansion and new product development, although specific details were not disclosed in the earnings call[126]. - Future outlook includes continued market expansion and potential acquisitions to drive growth[157]. Performance Metrics - The gross multiple on invested capital (MOIC) for various funds ranged from 1.1x to 2.9x, indicating strong performance across different vintages[112]. - The Net Internal Rate of Return (Net IRR) represents an annualized return on Limited Partner invested capital after the impact of all management fees and expenses, with certain funds potentially generating accrued performance revenues below the preferred return hurdle[171]. - The estimated effective tax rate for distributable earnings was 13.9% for FY 2025, influenced by tax deductions from restricted stock units[116].

Investors interested in Financial - Investment Management stocks are likely familiar with Invesco (IVZ) and Carlyle Group (CG) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stoc ...

At least two companies including Chevron are vying for Lukoil's global assets despite the Russian energy company's initial agreement last week to sell the portfolio to U.S. private equity firm Carlyle... ...

Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Carlyle Commodities Corp. (CSE: CCC) (FSE: BJ4) ("Carlyle") is pleased to announce that, as a result of strong investor demand, it has further upsized its previously announced non-brokered private placement (the "Private Placement") by an additional $400,000, for aggregate gross proceeds of up to $4,150,000, on the same terms as previously disclosed in Carlyle's news releases of January 23, 2026, and January 30, 2026.In connection with the ...

Melbourne, Australia, London, UK, and New York, NY, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Revera Energy ("Revera"), the independent energy infrastructure platform backed by Carlyle, today announced the successful completion of an expanded US$150 million credit facility (A$222mm / £111mm). The enhanced financing capacity will accelerate the development and construction of Revera's substantial pipeline of late-stage battery storage, solar, and green hydrogen projects across Australia's National Energy Market (“NE ...