CG Reports: A Look at Private Equity Earnings: BX, BLK, APO

The Carlyle Group L.P. (NASDAQ:CG) announced their earnings for the first quarter of 2012 this morning. The asset management firm showed a drop in profits from the same period last year. The company earned $629.2 million in the period. The firm's assets under management have largely increased in the period to $159.2 billion, almost double what it was dealing with last year. Under the separate measure of economic net income, one many investment firms prefer, the company earned $392 million in the three months.

In an investment environment that has been cruel to...