Carlyle Group said on Wednesday its fourth-quarter distributable earnings fell 7% year-on-year, as it sold fewer assets from its private equity portfolio. Carlyle said its net profit from asset sales fell nearly 44% to $257.7 million, as market volatility, high interest rates and geopolitical tensions weighed on its ability to cash out investments. "It was a record year for Carlyle and we're building that momentum into 2024," Carlyle Chief Executive Harvey Schwartz said during a conference call with journalists.
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