Company: CGABL
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001527166-25-000032
Chunk: 1

Company: Carlyle Group Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 1
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 ofErnst & Young to serve as Carlyle’s independent auditor is in the bestinterests of Carlyle and its shareholders. |                     | FOR                     |            25 |
| Item 3   | Non-Binding Vote to Approve Named Executive Officer (“NEOs”)Compensation (“Say-on-Pay”)Carlyle seeks approval from its shareholders, in a non-binding advisoryvote, of the compensation of the NEOs as disclosed in this ProxyStatement. The Board values the opinions of our shareholders and willtake into account the outcome of the advisory vote when consideringfuture executive compensation decisions.                                                                                  |                     | FOR                     |            30 |

| CARLYLE | Proxy Statement2025 | 3 |

| Executive Summary |

CARLYLE EVOLUTION Carlyle was founded in 1987 by William E. Conway, Jr., Daniel D’Aniello, and David M. Rubenstein. Today, we are one of the world’s leading global investment firms. Carlyle manages $441 billion in assets under management as of December 31, 2024 , investing across Global Private Equity, Global Credit, and Global Investment Solutions. We combine global vision with local insight, relying on a highly skilled team of more than 2,300 professionals operating out of 29 offices across Asia, Australia, Europe, the Middle East, and North America. Our evolution to becoming the public company we are today is detailed below . 2024 FINANCIAL HIGHLIGHTS Carlyle finished 2024 with significant operating momentum, setting several financial records amid an increasingly complex economic and geopolitical backdrop, and delivering a total shareholder return (“TSR”) of 28% in 2024. Our three global businesses continued to perform at a high level, and we enter 2025 well-positioned to deliver value for all our shareholders and other stakeholders. For the full-year ended December 31, 2024, U.S. GAAP results included income before provision for income taxes of $1.4 billion and a margin on income before provision for income taxes of 25.7%. As announced in February 2024, we updated our employee compensation program to further enhance alignment across all our shareholders and other stakeholders. See “Compensation Discussion and Analysis—Compensation Philosophy” for additional information.

| 4 | CARLYLE | Proxy Statement2025 |

| Executive Summary |

CORPORATE GOVERNANCE HIGHLIGHTS Since 2021, we have appointed five new independent directors to the Board of Directors, Derica W. Rice in