Carlyle Group Inc. reported a decline in fee-earning assets amid its ongoing turnaround efforts, as highlighted by the firm's recent financial performance. The private equity firm's profit missed estimates due to lower proceeds from asset sales, despite CEO Harvey Schwartz stating that Carlyle met every financial target set for 2024, including record Fee Related Earnings and FRE margin, and robust inflows. Carlyle's stock fell by approximately 3% in pre-market trading following the announcement. The company plans to increase its team serving wealthy investors by 50% this year, aiming to compete more effectively with rivals Blackstone and KKR.