Company: CGABL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001527166-25-000006
Chunk: 23

Company: Carlyle Group Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 23
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We earn management fees pursuant to contractual arrangements with the investment funds that we manage and fees for 

transaction advisory and oversight services provided to portfolio companies of these funds. We also typically receive a 

performance fee from an investment fund, which may be either an incentive fee or a special residual allocation of income, 

which we refer to as a performance allocation, or carried interest, in the event that specified investment returns are achieved by 

the fund. Under U.S. generally accepted accounting principles (“U.S. GAAP”), we are required to consolidate some of the 

investment funds that we advise. However, for segment reporting purposes, we present revenues and expenses on a basis that 

deconsolidates these investment funds. Refer to Note 15, Segment Reporting, to the consolidated financial statements included 

in this Annual Report on Form 10-K for more information on the differences between our financial results reported pursuant to 

U.S. GAAP and our financial results for segment reporting purposes.