Carlyle Group reported a 25.6% increase in second-quarter profit, reaching $431 million in distributable earnings. The company’s fee-related earnings grew 18.4%, with fund management fees rising 16% and transaction fees jumping 66%. Assets under management also increased by 7% to $465 billion, driven by growth in AlpInvest.

Carlyle has been focusing on high-growth segments under CEO Harvey Schwartz, who recently named three insiders as co-presidents to boost investor confidence. Despite challenges like interest rates and tariffs, the company generated $13.4 billion in fresh capital and had $89 billion available for investment at the end of the quarter.

Market activity is picking up, with Carlyle deploying $14.6 billion and seeing a 19% increase in shares this year, outperforming the Nasdaq composite index. The company’s strategic focus on private markets and international operations seems to be paying off, with strong growth in fees and assets under management.

Read more at Yahoo Finance: Carlyle’s second-quarter profit jumps on fee growth as AUM climbs