Company: CGABL
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001193125-25-206326
Chunk: 18

Company: Carlyle Group Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 18
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ing.”

As permitted under Rule 13-01(a)(4)(vi) of Regulation S-X, we
have excluded the summarized financial information for the Issuer and the Guarantors because the combined assets, liabilities and results of operations of the Issuer and Guarantors are not materially different than the corresponding amounts in our
consolidated financial statements incorporated by reference into this prospectus supplement and the accompanying prospectus, and management believes such summarized financial information would be repetitive and would not provide material information
to investors beyond that which is already disclosed in our consolidated financial statements.

S-15

USE OF PROCEEDS

We estimate that the net proceeds to us from this offering will be approximately $792,936,000 after deducting the underwriting discount but
before offering expenses payable by us. We intend to use the net proceeds from this offering for general corporate purposes.

S-16

DESCRIPTION OF THE NOTES

Set forth below is a description of the material terms of the 5.050% Senior Notes due 2035 (the “notes”), the Indenture and the Note Guarantees (as such terms are defined below). This description supplements, and should be read together with, the description of the general terms and provisions of our debt securities and guarantees set forth in the accompanying prospectus under the caption “Description of Debt Securities.” Any information regarding the notes and guarantees contained in this prospectus supplement that is inconsistent with information in the accompanying prospectus will supersede any inconsistent information in the accompanying prospectus. The following description does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the Indenture (as defined below) governing the notes. In addition to reading the description of the notes in this prospectus supplement, you should also read the Indenture under which the notes are to be issued because it, and not this description, will define your rights as a holder of the notes.

General

The notes will be issued by The
Carlyle Group Inc. (the “Issuer” and, together with the Guarantors (as defined below), the “Credit Parties”). The notes will be fully and unconditionally guaranteed on a joint and several basis by (i) Carlyle Holdings I
L.P., Carlyle Holdings II L.L.C. and Carlyle Holdings III L.P. and (ii) CG Subsidiary Holdings L.L.C. (collectively, the “Initial Guarantors”). Initially, none of the subsidiaries of the