# EDGAR Filing Document

**Accession Number:** 0001527166
**File Stem:** 0001527166-25-000088
**Filing Date:** 2025-7
**Character Count:** 28224
**Document Hash:** 0cd102b63f5117f09f4b3316928705cf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001527166-25-000088.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001527166-25-000088

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250728

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Carlyle Group Inc.
- **CENTRAL INDEX KEY:** 0001527166
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 452832612
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35538
- **FILM NUMBER:** 251152922

**BUSINESS ADDRESS:**
- **STREET 1:** C/O THE CARLYLE GROUP
- **STREET 2:** 1001 PENNSYLVANIA AVENUE, N.W.
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20004
- **BUSINESS PHONE:** 202 729 5626

**MAIL ADDRESS:**
- **STREET 1:** C/O THE CARLYLE GROUP
- **STREET 2:** 1001 PENNSYLVANIA AVENUE, N.W.
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Carlyle Group L.P.
- **DATE OF NAME CHANGE:** 20110801

?xml version='1.0' encoding='ASCII'? cg-20250728

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of the**

**Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): July 28, 2025**

![Carlyle-Logo-blue.jpg](cg-20250728_g1.jpg)

## The Carlyle Group Inc.
**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-35538** | **45-2832612** |
| **(State or Other Jurisdiction**<br>**of Incorporation)**<br>| **(Commission**<br>**File Number)**<br>| **(IRS Employer**<br>**Identification No.)**<br>|
| **1001 Pennsylvania Avenue, NW** | **1001 Pennsylvania Avenue, NW** | **1001 Pennsylvania Avenue, NW** |
| **Washington, DC20004-2505** | **Washington, DC20004-2505** | **Washington, DC20004-2505** |
| **(Address of Principal Executive Offices, Including Zip Code)** | **(Address of Principal Executive Offices, Including Zip Code)** | **(Address of Principal Executive Offices, Including Zip Code)** |

---

**(202) 729-5626**

**(Registrant's Telephone Number, Including Area Code)**

**Not Applicable**

**(Former Name or Former Address, if Changed Since Last Report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any

of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | |
|:---|:---|
| **Title of each class** | **Name of each exchange on which registered** |
| Common Stock<br> CG | The Nasdaq Global Select Market |
| 4.625% Subordinated Notes due 2061 of Carlyle Finance <br>L.L.C.<br>CGABL | The Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

---

| | |
|:---|:---|
| **Item 5.02** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of** <br>**Certain Officers; Compensatory Arrangements of Certain Officers.**<br>|

---

On July 28, 2025, The Carlyle Group Inc. (the "Company" or "Carlyle") announced that effective January 1, 2026, John C.

Redett, 57, Chief Financial Officer and Head of Corporate Strategy, Mark Jenkins, 58, Head of Global Credit, and Jeff

Nedelman, 58, Global Head of Client Business, will become Co-Presidents of Carlyle. In addition, Mr. Redett will lead

Carlyle's Global Private Equity business, overseeing Corporate Private Equity and Real Assets, Mr. Jenkins will lead the

Global Credit and Insurance business, and Mr. Nedelman will continue to lead the Global Client Business. Mr. Redett will

continue to serve in his current role as Chief Financial Officer and Head of Corporate Strategy through the end of 2025.

In addition, effective January 1, 2026, Justin Plouffe, 48, Deputy Chief Investment Officer for Global Credit, will become Chief

Financial Officer of Carlyle. Mr. Plouffe will continue to serve in his current role as Deputy Chief Investment Officer for

Global Credit through the end of 2025.

***John Redett***

John Redett is the Chief Financial Officer and Head of Corporate Strategy at Carlyle and is a member of the Leadership

Committee. He is based in New York. Effective January 1, 2026, Mr. Redett will become Co-President of Carlyle and will lead

Global Private Equity, overseeing Corporate Private Equity and Real Assets.

Mr. Redett joined Carlyle in 2007 as an investor on the Global Financial Services team. He has served as Chief Financial

Officer and Head of Corporate Strategy since October 2023. Previously, he was the Head of Global Financial Services from

2020 to September 2023 and the Co-Head of Global Financial Services from 2016 to 2020.

Mr. Redett is a 25-year veteran of the financial services industry and has been deeply involved in the operations and

management of many financial services businesses during his career. He has led or been a key contributor to some of Carlyle's

significant investments across various subsectors of financial services, including Duff & Phelps, TCW, BankUnited, Hilb

Group, EPIC, DBRS, Central Pacific Bank, CFGI, PIB Group, and JenCap. He currently serves on the boards of directors for

Hilb Group and NSM Insurance Group.

Prior to joining Carlyle, Mr. Redett worked at Goldman Sachs from 2005 to 2007, and at JP Morgan from 2000 to 2005.

Mr. Redett received a BS from the University of Colorado and an MBA from New York University.

***Mark Jenkins***

Mark Jenkins is the Head of Global Credit at Carlyle and is a member of the Leadership Committee. He is based in New York.

Effective January 1, 2026, Mr. Jenkins will become Co-President of Carlyle and will lead the Global Credit and Insurance

business.

Mr. Jenkins joined Carlyle in 2016. Prior to joining Carlyle, Mr. Jenkins was a Senior Managing Director at CPPIB and led the

Global Private Investment group. He was Chair of the Credit Investment Committee, Chair of the Private Investments

Committee and also managed the Portfolio Value Creation group. While at CPPIB, Mr. Jenkins founded CPPIB Credit

Investments, a multi-strategy platform making direct principal credit investments. He also led CPPIB's acquisition and

oversight of Antares Capital and the subsequent expansion in middle market lending. Prior to CPPIB, he was Managing

Director, Co-Head of Leveraged Finance Origination and Execution for Barclays Capital in New York. Before Barclays, Mr.

Jenkins worked for 11 years at Goldman Sachs in senior positions within the Fixed Income and Financing groups in New York.

Mr. Jenkins is member of the Board of Directors of Fortitude Re. Mr. Jenkins previously served on the Boards of Directors of

Wilton Re, Teine Energy, Antares Capital, Merchant Capital Solutions, Carlyle Secured Lending, Inc., Carlyle Credit Solutions,

Inc., and Carlyle Secured Lending III.

Mr. Jenkins earned a B.Comm degree from Queen's University.

***Jeff Nedelman***

Jeff Nedelman is the Global Head of Client Business at Carlyle and is a member of the Leadership Committee and New

Products Committee. He is based in New York. Effective January 1, 2026, Mr. Nedelman will become Co-President of Carlyle

and will continue to lead the Global Client Business.

As Global Head of Client Business, Mr. Nedelman leads the global investor relations team and oversees global distribution

across the firm's three business segments, with a focus on both the institutional and global wealth channels.

Mr. Nedelman joined Carlyle in 2023. Prior to joining Carlyle, he was a Partner and Senior Managing Director at Certares

from 2020 to 2023. At Certares, he was a member of the Investment Committee and the Management Committee of Certares

Management LLC, as well as a member of the Investment Committee and the Management Committee of the CK Opportunities

Fund. Before Certares, Mr. Nedelman spent over 25 years at Goldman Sachs, most recently as the Co-Chief Operating Officer

of Global Equities, where he played a lead role expanding the firm's financing and execution products and services. He was a

member of the Firmwide Client and Business Standards Committee and the Securities Division Executive Committee.

Previously, he was Global Head of Prime Services, which included the Prime Brokerage, Clearing (GSEC), and Futures

businesses. Prior to that, he was the Head of Americas Equity Sales.

Mr. Nedelman received a BA from UC Berkeley and an MBA from the Kellogg School of Management at Northwestern

University.

***Justin Plouffe***

Justin Plouffe is the Deputy Chief Investment Officer for Global Credit at Carlyle and is a member of the Risk Committee and

Capital Markets Oversight Committee. He is based in New York. Effective January 1, 2026, Mr. Plouffe will become Chief

Financial Officer of Carlyle.

Mr. Plouffe joined Carlyle in 2007 and focuses on investing across Carlyle's credit strategies and driving growth initiatives for

the Global Credit platform. He is a Portfolio Manager for several cross-platform credit strategies, including Carlyle Tactical

Private Credit Fund ("CTAC"), and serves on various Global Credit investment committees. In addition to his investing duties,

he also serves as President and Chief Executive Officer of Carlyle's affiliated Business Development Companies, Carlyle

Secured Lending, Inc. ("CSL") and Carlyle Credit Solutions, Inc. ("CARS") and as Chief Executive Officer of TCG Capital

Markets L.L.C., Carlyle's SEC-registered broker/dealer affiliate. He currently serves on the boards of directors of CTAC, CSL,

and CARS and previously served on the board of directors of Carlyle Secured Lending III.

Mr. Plouffe has overseen CLO new issuance, led acquisitions of corporate credit management platforms, served as a portfolio

manager for structured credit investments, developed proprietary portfolio management analytics, and negotiated a wide variety

of financing facilities.

Prior to joining Carlyle, Mr. Plouffe was an attorney at Ropes & Gray LLP. He also has served as a Clerk on the U.S. Court of

Appeals for the First Circuit and as a Legislative Assistant to a U.S. Congressman.

Mr. Plouffe received his undergraduate degree from Princeton University and a JD from Columbia Law School, where he was

an editor of The Columbia Law Review. He is a CFA Charterholder and holds Series 7, 24, 57, 63, 79, and 99 licenses.

As senior Carlyle professionals, Messrs. Redett, Jenkins, Nedelman, and Plouffe make investments in and alongside Carlyle

investment funds as described in our Definitive Proxy Statement on Schedule 14A for the 2025 Annual Meeting of

Shareholders. Carlyle will enter into a customary indemnification agreement with Messrs. Jenkins, Nedelman, and Plouffe in

the same form as that which applies to our other executive officers, including Mr. Redett, and to the Board of Directors of the

Company.

---

| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.** |

---

A copy of the Company's press release regarding the matters described above has been furnished as Exhibit 99.1 to this Current

Report on Form 8-K.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

---

**(d) Exhibits.**

---

| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** |
| 99.1 | <u>[Press release of The Carlyle Group Inc., dated July 28, 2025.](cg202507288-kexx991.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on

its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **The Carlyle Group Inc.** | **The Carlyle Group Inc.** |
| Date: July 28, 2025 | By: | /s/ Jeffrey W. Ferguson |
|  | Name: | Jeffrey W. Ferguson |
|  | Title: | General Counsel |

---

## Exhibit 99.1

Page \| 1

**Exhibit 99.1**

**Press Release – FOR IMMEDIATE RELEASE**

**Carlyle Announces Senior Leadership Appointments**

**July 28, 2025** 

*John Redett, Mark Jenkins, and Jeff Nedelman to become Co-Presidents of Carlyle*

*Justin Plouffe to succeed John Redett as Chief Financial Officer of Carlyle*

*Michael Wand to become Head of EMEA Investments of Carlyle*

*Admiral James Stavridis, former Supreme Allied Commander at NATO, to become Vice Chairman of Carlyle*

**WASHINGTON, DC and NEW YORK, NY – July 28, 2025 –** Global investment firm Carlyle (NASDAQ: CG)

today announced key senior leadership appointments, effective January 1, 2026. These appointments solidify the

firm's ability to operate at scale, with the focus, alignment, and agility required to lead in today's competitive

environment and to consistently deliver exceptional investment outcomes for clients.

John Redett, Mark Jenkins, and Jeff Nedelman will become Co-Presidents of Carlyle. In these newly created roles,

they will work closely with Carlyle CEO, Harvey Schwartz, to advance the firm's strategic priorities, drive

investment performance, and deliver for clients and stakeholders around the world. Michael Wand will become

Head of EMEA Investments, responsible for all investment activity in EMEA. He will work in partnership with the

Co-Presidents to reinforce Carlyle's growth ambitions and strategic focus in the region.

In addition, Redett will lead the firm's Global Private Equity business, overseeing Corporate Private Equity and

Real Assets. Jenkins will lead the firm's Global Credit and Insurance business, and Nedelman will continue to lead

the firm's Global Client Business, overseeing commercial initiatives and strengthening strategic client partnerships

worldwide.

In connection with these appointments, Carlyle also announced today that Justin Plouffe will become Chief

Financial Officer of Carlyle. Justin brings extensive institutional experience and financial acumen, most recently

serving as Deputy Chief Investment Officer for Carlyle Global Credit. He has been with Carlyle for more than 18

years. Justin will succeed John Redett, who will continue serving as Chief Financial Officer through year-end 2025

to ensure a seamless transition.

Admiral James Stavridis, USN, Ret, currently Vice Chair of Global Affairs for Carlyle and former Supreme Allied

Commander at NATO, will become Vice Chairman of Carlyle. In this expanded role, Admiral Stavridis will

continue to advance Carlyle's strategic initiatives, providing a unique global perspective and deepening the firm's

engagement on investment and geopolitical matters globally.

"These appointments reflect Carlyle's continued evolution and our commitment to delivering exceptional results for

our clients," said Harvey Schwartz, Carlyle's CEO. "These individuals, all Carlyle veterans, are proven leaders

whose deep expertise and extensive experience will drive our next phase of growth. I look forward to partnering

closely with them, together with Lindsay LoBue, our Chief Operating Officer, as we execute our strategy and

deliver significant value to our investors and stakeholders around the world."

***John Redett***

John Redett is the Chief Financial Officer and Head of Corporate Strategy at Carlyle and is a member of the

Leadership Committee. He is based in New York. Effective January 1, 2026, Mr. Redett will become Co-President

of Carlyle and will lead the Global Private Equity business, overseeing Corporate Private Equity and Real Assets.

Page \| 2

Mr. Redett joined Carlyle in 2007 as an investor on the Global Financial Services team. He has served as Chief

Financial Officer and Head of Corporate Strategy since October 2023. Previously, he was the Head of Global

Financial Services from 2020 to September 2023 and the Co-Head of Global Financial Services from 2016 to 2020.

Mr. Redett is a 25-year veteran of the financial services industry and has been deeply involved in the operations and

management of many financial services businesses during his career. He has led or been a key contributor to some

of Carlyle's significant investments across various subsectors of financial services, including Duff & Phelps, TCW,

BankUnited, Hilb Group, EPIC, DBRS, Central Pacific Bank, CFGI, PIB Group, and JenCap. He currently serves

on the boards of directors for Hilb Group and NSM Insurance Group.

Prior to joining Carlyle, Mr. Redett worked at Goldman Sachs from 2005 to 2007, and at JP Morgan from 2000 to

2005. Mr. Redett received a BS from the University of Colorado and an MBA from New York University.

***Mark Jenkins***

Mark Jenkins is the Head of Global Credit at Carlyle and is a member of the Leadership Committee. He is based in

New York. Effective January 1, 2026, Mr. Jenkins will become Co-President of Carlyle and will lead the Global

Credit and Insurance business.

Mr. Jenkins joined Carlyle in 2016. Prior to joining Carlyle, Mr. Jenkins was a Senior Managing Director at CPPIB

and led the Global Private Investment group. He was Chair of the Credit Investment Committee, Chair of the

Private Investments Committee and also managed the Portfolio Value Creation group. While at CPPIB, Mr. Jenkins

founded CPPIB Credit Investments, a multi-strategy platform making direct principal credit investments. He also

led CPPIB's acquisition and oversight of Antares Capital and the subsequent expansion in middle market lending.

Prior to CPPIB, he was Managing Director, Co-Head of Leveraged Finance Origination and Execution for Barclays

Capital in New York. Before Barclays, Mr. Jenkins worked for 11 years at Goldman Sachs in senior positions

within the Fixed Income and Financing groups in New York. Mr. Jenkins is member of the Board of Directors of

Fortitude Re. Mr. Jenkins previously served on the Boards of Directors of Wilton Re, Teine Energy, Antares

Capital, Merchant Capital Solutions, Carlyle Secured Lending, Inc., Carlyle Credit Solutions, Inc., and Carlyle

Secured Lending III.

Mr. Jenkins earned a B.Comm degree from Queen's University.

***Jeff Nedelman***

Jeff Nedelman is the Global Head of Client Business at Carlyle and is a member of the Leadership Committee and

New Products Committee. He is based in New York. Effective January 1, 2026, Mr. Nedelman will become Co-

President of Carlyle and will continue to lead the Global Client Business.

As Global Head of Client Business, Mr. Nedelman leads the global investor relations team and oversees global

distribution across the firm's three business segments, with a focus on both the institutional and global wealth

channels.

Mr. Nedelman joined Carlyle in 2023. Prior to joining Carlyle, he was a Partner and Senior Managing Director at

Certares from 2020 to 2023. At Certares, he was a member of the Investment Committee and the Management

Committee of Certares Management LLC, as well as a member of the Investment Committee and the Management

Committee of the CK Opportunities Fund. Before Certares, Mr. Nedelman spent over 25 years at Goldman Sachs,

most recently as the Co-Chief Operating Officer of Global Equities, where he played a lead role expanding the

firm's financing and execution products and services. He was a member of the Firmwide Client and Business

Standards Committee and the Securities Division Executive Committee. Previously, he was Global Head of Prime

Services, which included the Prime Brokerage, Clearing (GSEC), and Futures businesses. Prior to that, he was the

Head of Americas Equity Sales.

Page \| 3

Mr. Nedelman received a BA from UC Berkeley and an MBA from the Kellogg School of Management at

Northwestern University.

***Justin Plouffe***

Justin Plouffe is the Deputy Chief Investment Officer for Global Credit at Carlyle and is a member of the Risk

Committee and Capital Markets Oversight Committee. He is based in New York. Effective January 1, 2026, Mr.

Plouffe will become Chief Financial Officer of Carlyle.

Mr. Plouffe joined Carlyle in 2007 and focuses on investing across Carlyle's credit strategies and driving growth

initiatives for the Global Credit platform. He is a Portfolio Manager for several cross-platform credit strategies,

including Carlyle Tactical Private Credit Fund ("CTAC"), and serves on various Global Credit investment

committees. In addition to his investing duties, he also serves as President and Chief Executive Officer of Carlyle's

affiliated Business Development Companies, Carlyle Secured Lending, Inc. ("CSL") and Carlyle Credit Solutions,

Inc. ("CARS") and as Chief Executive Officer of TCG Capital Markets L.L.C., Carlyle's SEC-registered broker/

dealer affiliate. He currently serves on the boards of directors of CTAC, CSL, and CARS and previously served on

the board of directors of Carlyle Secured Lending III.

Mr. Plouffe has overseen CLO new issuance, led acquisitions of corporate credit management platforms, served as a

portfolio manager for structured credit investments, developed proprietary portfolio management analytics, and

negotiated a wide variety of financing facilities.

Prior to joining Carlyle, Mr. Plouffe was an attorney at Ropes & Gray LLP. He also has served as a Clerk on the

U.S. Court of Appeals for the First Circuit and as a Legislative Assistant to a U.S. Congressman.

Mr. Plouffe received his undergraduate degree from Princeton University and a JD from Columbia Law School,

where he was an editor of The Columbia Law Review. He is a CFA Charterholder and holds Series 7, 24, 57, 63,

79, and 99 licenses.

***Michael Wand***

Michael Wand is the Head of Europe Private Equity at Carlyle and oversees the firm's Corporate Private Equity

platform in the region. He is based in London. Effective January 1, 2026, Mr. Wand will become Head of EMEA

Investments at Carlyle.

Mr. Wand joined Carlyle in 2001 and has led numerous technology investments, notably P&I AG, FRS Global,

UC4/Automic, Foundry, eggplant, SER Group, and DEPT, and advised on more than a dozen completed

realizations. He currently is a member of the boards of directors of Shopware, HSO, DEPT, Disguise, LiveU,

Incubeta, and SNP AG.

Prior to joining Carlyle, Mr. Wand worked for approximately 10 years in investment banking, the last seven years

of which were in the technology sector. As a Managing Director, he was responsible for the European software and

Internet research team at Deutsche Bank in London. Prior to that, he worked as a European Software Analyst for

Paribas in London and BHF-Bank in Frankfurt, Germany. During his banking career, Mr. Wand was the

underwriting analyst for European technology innovators such as SAP, Autonomy, SurfControl, Utimaco, and

nCipher.

Mr. Wand received a BA from the University of Mannheim and an MBA from the University of Mannheim and The

University of Texas at Austin.

***Admiral James Stavridis***

Admiral James Stavridis, USN, Ret, is Vice Chair, Global Affairs and a Partner with a focus on international

activities and global strategy at Carlyle. He is based in Washington DC. Effective January 1, 2026, Admiral

Stavridis will become Vice Chairman of Carlyle.

Page \| 4

Admiral Stavridis joined Carlyle in 2018. Prior to joining Carlyle, he served as the 16th Supreme Allied

Commander at NATO, with responsibility for Afghanistan, Iraq, Syria, the Balkans, counter-piracy off Africa, the

Arctic, and cybersecurity. Prior to that, he was Commander of US Southern Command, with responsibility for all

military activity in Latin America and the Caribbean. Following his 37 years in the military, he served as the 12th

Dean of The Fletcher School of Law and Diplomacy at Tufts University for five years. He is the 12th Chair of the

Board of the Rockefeller Foundation, a Bloomberg Opinion weekly columnist, and Senior Military Analyst for

CNN.

Admiral Stavridis holds a PhD and Masters of Arts in Law and Diplomacy from Tufts University. He is a graduate

of the U.S. Naval Academy and the National War College.

**About Carlyle**

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across

three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $453 billion of assets

under management as of March 31, 2025, Carlyle's purpose is to invest wisely and create value on behalf of its

investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300

people in 29 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on

X @OneCarlyle and LinkedIn at The Carlyle Group.

**Media**

Brittany Bensaull

+1 (212) 813-4839

brittany.bensaull@carlyle.com

**Public Market Investor Relations**

Daniel Harris

+1 (212) 813-4527

daniel.harris@carlyle.com

**Forward-looking Statements**

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act

of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements

include, but are not limited to, statements related to our expectations, estimates, beliefs, projections, future plans and

strategies, anticipated events or trends, and similar expressions and statements that are not historical facts, including

our expectations regarding the performance of our business, our financial results, our liquidity and capital resources,

contingencies, and our dividend policy. You can identify these forward-looking statements by the use of words such

as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately,"

"predicts," "intends," "plans," "estimates," "anticipates," or the negative version of these words or other comparable

words. Such forward-looking statements are subject to various risks, uncertainties, and assumptions. Accordingly,

there are or will be important factors that could cause actual outcomes or results to differ materially from those

indicated in these statements including, but not limited to, those described in this press release and under the section

entitled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the

U.S. Securities and Exchange Commission ("SEC") on February 27, 2025, as such factors may be updated from

time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These

factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements

that are included in this press release and in our other periodic filings with the SEC. We undertake no obligation to

publicly update or review any forward-looking statements, whether as a result of new information, future

developments, or otherwise, except as required by applicable law.