Company: CGABL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001527166-25-000006
Chunk: 4

Company: Carlyle Group Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 4
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”) and additional commitments to our fifth Japan buyout 

fund (“CJP V”), which is nearly 70% larger than its predecessor fund. 

•Our Global Credit (“GC”) AUM increased 2% year-over-year to $192 billion, driven by inflows of $17.3 

billion across a diverse set of strategies, including the closing of ten new CLOs in liquid credit, the final 

closing in our third opportunistic credit fund (“CCOF III”), and record gross subscriptions in Carlyle Tactical 

Private Credit Fund (“CTAC”), which more than doubled its AUM over the last two years. Our Global 

Capital Markets strategy also had a record year, and was the primary driver of $152.5 million of portfolio 

advisory and transaction fees for the year ended December 31, 2024, more than double the amount earned in 

2023.

•In our Global Investment Solutions segment, total AUM increased 11% year-over-year to $85 billion, driven 

by $10.8 billion of inflows primarily from fundraising in our secondaries and portfolio finance and CAPM 

funds. Following the launch of Carlyle AlpInvest Private Markets Fund during 2023, we launched its 

European counterpart fund during 2024 (together, the “CAPM funds” or “CAPM”). We deployed $10.0 

billion in investments across our Global Investment Solutions platform and we realized proceeds of $6.6 

billion for our Global Investment Solutions investors.

Business Segments

We operate our business across three segments: Global Private Equity, Global Credit, and Global Investment 

Solutions. Information about our segments should be read together with Part II, Item 7 “Management’s Discussion and Analysis 

of Financial Condition and Results of Operations.”