Company: CGABL
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001193125-25-206326
Chunk: 11

Company: Carlyle Group Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 11
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 or incorporated by reference in this prospectus supplement, including the matters addressed under “Forward-Looking Statements,” you should carefully consider the following risks before investing in the notes.

You should also read the risk factors and other cautionary statements, including those described under the sections entitled “Risk Factors” in our Annual Report on Form 10-Kfor the year ended December 31, 2024, in our Quarterly Reports on Form 10-Qfor the quarters ended March 31, 2025 and June 30, 2025 and any Quarterly Reports on Form 10-Qor Current Reports on Form 8-Ksubsequently filed by The Carlyle Group Inc., which are incorporated by reference in this prospectus supplement.

We are subject to certain risks and hazards due to the nature of the business activities we conduct. The risks incorporated by reference and discussed below, any of which could materially and adversely affect our business, financial condition, cash flows, and results of operations, are not the only risks we face. We may experience additional risks and uncertainties not currently known to us; or, as a result of developments occurring in the future, conditions that we currently deem to be immaterial may also materially and adversely affect our business, financial condition, cash flows, and results of operations.

Risks Relating to the Notes and the Guarantees

The Issuer and the Guarantors are holding companies and will depend upon funds from their respective subsidiaries to meet their obligations under the notes and the guarantees. The notes and the guarantees will be structurally subordinated to the claims of the creditors of any subsidiaries of the Issuer and of the Guarantors that are not themselves Guarantors.

The Issuer and the Guarantors are each holding companies, and their only significant assets are their investments in their respective
subsidiaries. As holding companies, the Issuer and the Guarantors are dependent upon intercompany transfers of funds from their respective subsidiaries to meet their obligations, including those under the Notes and under the guarantees. The ability
of such entities to make payments to the Issuer or the Guarantors may be restricted by, among other things, applicable laws as well as agreements to which those entities may be a party. Therefore, the Issuer’s and the Guarantors’ ability
to make payments in respect of the notes or the guarantees, respectively, may be limited.

Initially, none of the subsidiaries of the
Issuer, other than the Guarantors, will guarantee or have any obligations in respect of the notes,