Carlyle Shares Rise as Profit Beats Estimates, Firm Tops Targets

Carlyle Group Inc. shares advanced after the alternative asset manager exceeded its goals for fee-related earnings and asset growth in 2025, while posting fourth-quarter results that surpassed Wall Street estimates.

Shares of Carlyle rose as much as 10.95% to $61.48 on Friday alongside a broader stock recovery among its peer group. Shares of the biggest alternative asset managers have sold off in recent days amid concern about software and private credit risks.

Carlyle executives touted its strength in private equity asset sales and minimized its investment in software on a call with analysts Friday. About 6% of the firm’s assets ...