The Carlyle Group released 2Q earnings yesterday, reporting a 38% YoY drop in economic net income to $180 million on aggregate revenues of $663 million, which were down 26% YoY. On a positive note, Carlyle did see realized net performance fees jump 44% YoY to $333 million, driven by successful exits in portfolio companies such as Axalta, CommScope and Metrologic Group. Distributable earnings also increased, coming in at $386 million for 2Q, relative to $323 million for the same period last year. While the firm did successfully raise approximately $4.7 billion in new capital throughout the quarter, total equity invested was down nearly 53% YoY at $1.6 billion. Corporate PE spearheaded the firm's 2Q fund performance, appreciating 5%.