Carlyle Group reported its second-quarter earnings for 2024, revealing a revenue of $788.9 million, which fell short of the estimated $830.17 million. The company's assets under management (AUM) were reported at $435 billion, slightly below the expected $436.3 billion. The firm experienced a significant year-on-year drop of 11.7% in distributable earnings, attributed to a muted performance in its buyout segments. Net income attributable to common stockholders was $148 million, translating to $0.40 per diluted share. The results prompted a decline in Carlyle's share price amid a broader market sell-off. Additionally, Carlyle's CFO expressed caution regarding future market conditions, suggesting that a prolonged downturn could impact the firm's outlook. In a separate development, Quantum Capital Group announced plans to acquire Cogentrix from Carlyle for $3 billion, indicating ongoing activity in the private equity space despite the challenging earnings report.