The Carlyle Group has released its 3Q earnings, and the firm's private equity portfolio appreciated 3% over the quarter ended September 30. Led by the exit of several investments, Carlyle reported distributable earnings of $159 million over the three-month period, up from the $105 million in 3Q 2013. Economic net income on a pre-tax basis was $166 million, down 15% from the previous year. The firm's AUM stayed relatively steady over the quarter, dropping ever so slightly from $202.7 billion to $202.6 billion (PE assets comprise $63.6 billion). It will issue a quarterly dividend of $0.16 per unit to its holders.