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Carlyle Distributed $6.4B in First Quarter

The Carlyle Group distributed a whopping $6.4 billion to investors during the first quarter, Reuters reported. Carlyle reportedly told investors about the distribution amount, the most distributed in a quarter, in a recent letter, Reuters wrote. It is more than the $7.5 billion that the firm distributed in all of 2010. News of the distribution was first reported by Bloomberg.

(Reuters) – Private equity firm Carlyle group distributed a bumper amount of $6.4 billion to investors in the first quarter, according to an investor in its funds.

Private equity firms’ returns and distributions have been rising since the credit crunch when the valuations of their funds were hurt and their ability to exit investments was constrained.

Carlyle told investors about the distribution amount, the most distributed in a quarter, in a recent letter, the investor said. It is more than the $7.5 billion that the firm distributed in all of 2010, the investor said. The investor declined to be named as the matter is not public.

The figure includes return on their original capital invested as well as profit.

Private equity firms typically exit their investments by taking them public, selling to a strategic bidder or selling to a rival private equity firm.

Carlyle took pipeline firm Kinder Morgan (KMI.N) public in February. Earlier in April, it closed a $6.1 billion sale and leaseback deal to sell most of the real estate assets of nursing and assisted living firm HCR ManorCare Inc to HCP Inc (HCP.N).

The distribution was first reported by Bloomberg.

Carlyle declined to comment. (Reporting by Megan Davies. Editing by Robert MacMillan)