Fee-Related Earnings declined 4% Y/Y to $205 million in Q3 2023, with realized net performance revenues dropping to $150 million from $391.1 the prior year. 

Global Private Equity segment Fee Related Earnings rose 11% Y/Y to $139 million, primarily aided by lower G&A expenses.

Adjusted Distributable EPS of $0.87 beat the consensus of $0.72.

As of September 30, 2023, total assets under management came in at $382 billion, down 1% Q/Q due to a decrease in the value of the assets covered by the strategic advisory services agreement with Fortitude, the negative impact of the translation of EUR denominated funds to USD and fund distributions.

As of September 30, 2023, available capital came in at $71 billion. 

Fundraising stood at $6.3 billion and Invested Capital in carry funds was $4.1 billion in Q3 2023. 

Cash totaled $1.3 billion as of September 30, 2023, with no balance drawn on the $1.0 billion revolving line of credit.

Dividend: The Board of Directors declared a quarterly dividend per share of $0.35, payable on November 29, 2023, to stockholders of record as of November 21, 2023.

Price Action: CG shares are trading lower by 0.12% at $28.89 on the last check Tuesday.