Company: CGABL
Filing Date: 2025-07-29
Form Type: 40-6B/A
Source: 0001193125-25-168066
Chunk: 14

Company: Carlyle Group Inc.
Filing Date: 2025-07-29
Form: 40-6B/A
Chunk 14
---
 Carried Interest”) based on the net gains of the Fund’s investments or increase in value of Interests, in addition to any amount allocable to the General Partner’s or Investment Adviser’s Interests. All or a portion of the Carried Interest may be paid to individuals who are officers, employees or stockholders of the General Partner or Investment Adviser or their “affiliated persons,” as defined in Section 2(a)(3) of the 1940 Act. Certain of the Funds may not pay a Carried Interest or a Management Fee, but may pay a fee for administrative services to Carlyle. 6

If an Unaffiliated Subadviser is entitled to receive a Carried Interest, it may also act as an additional General Partner of a Fund solely in order to address certain tax issues relating to the Carried Interest. In all such instances, however, a Carlyle Entity will also be a General Partner of the Fund and will have exclusive responsibility for making the determinations required to be made by a General Partner under this Application. No Unaffiliated Subadviser will beneficially own any outstanding securities of a Fund. Expenses that may be charged by the General Partner or the Investment Adviser to the Fund could include legal and accounting fees, organizational expenses, administrative expenses and other operating expenses (including the Fund’s pro rata share of expenses incurred by the General Partner, or the Investment Adviser in connection with potential investments). Where a Fund is formed to invest concurrently with Third Party Funds (defined below), organizational expenses may include such Fund’s pro rata share of organizational expenses attributable to such Third Party Funds. Carlyle reserves the right to pay for organizational expenses with respect to a Fund. Changes recommended by tax counsel to the Funds may be made to the structure of the General Partners and the General Partners’ contribution to the Funds so as to maintain the ability of the General Partners to contribute to the Funds without impairing the tax status of the Funds. The Applicants represent and concede that each General Partner and Investment Adviser in managing a Fund is an “investment adviser” within the meaning of Sections 9 and 36 of the 1940 Act and is subject to those sections.

| E. | Investments |

Each Fund will operate as a “diversified” or “non-diversified” closed-endor open-endinvestment company of the management type within the meaning of the 1940 Act; provided, that the governing documents of a Fund may provide for periodic subscriptions and redemptions. The investment objectives