Company: CGABL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001527166-25-000006
Chunk: 3

Company: Carlyle Group Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 3
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ITEM 1.BUSINESS

Overview

Carlyle is a global investment firm with deep industry expertise that deploys private capital across three business 

segments: Global Private Equity, Global Credit, and Global Investment Solutions. Our teams invest across a range of strategies 

that leverage our deep industry expertise, local insights, and global resources to deliver attractive returns throughout an 

investment cycle. Since our firm was founded in Washington, D.C. in 1987, we have grown to manage $441 billion in AUM as 

of December 31, 2024. Our experienced and diverse team of more than 2,300 employees includes more than 725 investment 

professionals in 29 offices across four continents, and we serve more than 3,100 active carry fund investors from 87 countries. 

We seek to invest with a clarity of purpose, adaptability, and alignment between our interests and the interests of our 

fund investors, shareholders, and other stakeholders. 

Operational and strategic highlights for our firm and our three global business segments for 2024 include: 

•Assets under management grew 4% to $441 billion as of December 31, 2024 from $426 billion as of 

December 31, 2023. The increase was driven by inflows of $40.8 billion during 2024, consisting entirely of 

fundraising activity which increased 10% from 2023. We deployed $42.7 billion across our platform during 

2024—including invested capital in our carry funds, new CLO issuances and incremental capital raised from 

CLO resets, and gross originations—and we realized proceeds of $28.6 billion for our carry fund investors. 

•We returned more than $1 billion in capital to our shareholders. During 2024, we paid dividends to our 

common shareholders of $503 million, and $555 million to repurchase 9.0 million shares of our common 

stock and retire 3.3 million shares of our common stock in connection with the net share settlement of equity-

based awards.

•In our Global Private Equity (“GPE”) segment, we realized proceeds of $17.8 billion for our carry fund 

investors in 2024 through both private market and public equity transactions, and deployed $8.2 billion across 

the segment. During 2024, inflows of $12.7 billion reflected fundraising across the segment, including the 

launch of our tenth U.S. real estate fund (“CRP X