Carlyle Group reported a $132.2 million loss in Q1 2024, marking a stark contrast to its $130 million profit in the same period last year. The private-equity firm’s revenue collapsed 73%, falling to $254 million from $973.1 million year-over-year, primarily due to a $616.7 million investment loss that dwarfed its prior $159.8 million in annual investment income. Distributable earnings—key for shareholder payouts—plummeted to $327 million (89 cents per share), down from $455.4 million ($1.14 per share), signaling severe financial strain.