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

Company: Carlyle Group Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 17
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 to pay its probable 
 liability on its existing debts, including contingent liabilities, as they become absolute and mature; or         |

| • |     | it could not pay its debts as they become due. |

If a court were to find that the issuance of the notes or the incurrence of the guarantees was a fraudulent transfer or conveyance, the court could void the payment obligations under the notes or such guarantee or subordinate the notes or such guarantees to presently existing and future indebtedness of the Issuer or of the applicable Guarantor, or require the holders of the notes to repay any amounts received with respect to such guarantees. In the event of a finding that a fraudulent transfer or conveyance occurred, you may not receive any repayment on the notes. Although each guarantee entered into by a Guarantor will contain a provision intended to limit that Guarantor’s liability to the maximum amount that it could incur without causing the incurrence of obligations under its guarantee to be a fraudulent transfer, this provision may not be effective to protect those guarantees from being voided under fraudulent transfer law, or may reduce that Guarantor’s obligation to an amount that effectively makes its guarantee worthless. S-14

GUARANTOR DISCLOSURES

The notes offered by this prospectus supplement will be fully and unconditionally guaranteed by Carlyle Holdings I L.P., Carlyle Holdings II
L.L.C., Carlyle Holdings III L.P. and CG Subsidiary Holdings L.L.C. and any other entity that is required to become a guarantor of the notes as provided under “Description of the Notes—Note Guarantees” (collectively, the
“Guarantors”). The notes initially will not be guaranteed by any other subsidiaries of The Carlyle Group Inc. The guarantees of the notes will be unsecured and unsubordinated obligations of the Guarantors and will (a) rank equally
in right of payment with all of their existing and future unsecured unsubordinated indebtedness, liabilities and other obligations, (b) rank senior in right of payment to all of their existing and future subordinated indebtedness, (c) be
effectively subordinated in right of payment to all of their existing and future secured indebtedness, to the extent of the value of the assets securing such indebtedness and (d) be structurally subordinated in right of payment to all existing
and future indebtedness, liabilities and other obligations of each subsidiary of the Guarantors (that is not itself a Guarantor). See “Description of the Notes—Rank