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Deal Pack: Carlyle Group

Generated Feb 2, 2026v202602020738Enterprise
AUM
$420B
Strategy
Real Estate
HQ
WASHINGTON, DC, United States
Founded
1987
Employees
N/A
Ownership
public

Layer 1: Proprietary Indicators

60
GP Health Score
Moderate
59
Stakeability
Moderate
43
Fund Performance
Weak
80
Talent Stability
Strong
65
Credit Exposure
Moderate
60
Regulatory Breadth
Moderate
70
Market Momentum
Strong
45
Growth Trajectory
Weak

Health Score Breakdown

PerformanceTalentCreditRegulatoryMarketGrowth

Component Details

fund performance
43/100Weight: 25%
median irr12.12
benchmark irr14
fund count with irr39
primary strategyPrivate Equity
Source: Pension fund performance reports
talent stability
80/100Weight: 20%
current team size100
departed count0
retention ratio1
avg tenure yearsN/A
Source: LinkedIn career histories, team member records
credit health
65/100Weight: 15%
total fair value367332
total par56918
fair value to par pct645.4
top borrower concentration pct89.8
Source: BDC 10-K/10-Q portfolio filings (SEC)
regulatory compliance
60/100Weight: 10%
unique jurisdictions4
jurisdictionsBermuda,Cayman,Japan,UK
active registrations8
total registrations10
Source: FCA, BaFin, AMF, CSSF, ADGM, SEC, entity registrations
market presence
70/100Weight: 15%
news mentions2
conference appearances3
domain rank76367
employer rating3.8
Source: Market intel, conference records, Tranco web rankings, Glassdoor
growth trajectory
45/100Weight: 15%
aum growth pctN/A
recent job postings2
funds currently raising0
total funds28
Source: Data changelog (AUM), hiring signals, fund filings

Layer 2: Synthesis

Executive Summary

  • Carlyle Group shows a moderate overall health profile (score: 60/100) based on analysis of fund performance, team stability, credit exposure, regulatory breadth, market presence, and growth trajectory.
  • Median net IRR across 39 tracked funds is 12.12%, compared to a Private Equity benchmark of 14.0%.
  • Registered across 4 jurisdictions with 8 active registrations.

Key Risks

highLegal

15 legal filing(s) identified

Key Strengths

Regulatory

Diversified regulatory footprint across 4 jurisdictions

Market Presence

Strong market visibility through news coverage and conference participation

Secondary Pricing Estimate

83.0%
Avg NAV Pricing
54.0% to 94.0%
Range
30
Funds Priced
Confidence: high, low

Peer ComparisonReal Estate | 12 peers in AUM range

FirmAUMStakeability
Carlyle Group (this GP)$420B59
Strategic Holdings$1.1T30
Brookfield Asset Management$900B67
Ares Management$400B61
EQT$285B70
SAI Atlas Asset Management SA$277B31
TPG$220B55
SEI Investments$198B43
Partners Group$150B66
DIC Asset$142B42
Broadstone Real Estate$135B37

Layer 3: Evidence

Fund Performance (50 records)

FundVintageStrategyNet IRRMultipleDPISource
Cortec Group Fund VIII, L.P.2024N/A-22.7%N/AN/ACalifornia State Teachers' Retirement System
Carlyle Realty Partners X, L.P.2024Real EstateN/AN/AN/APennsylvania PSERS
Carlyle Partners VIII, L.P.2022N/A11.7%1.20xN/ACalifornia Public Employees' Retirement System
Carlyle Partners VIII, L.P.2022PE - Buyout Large9.2%1.10xN/AWashington State Investment Board
Carlyle Realty Partners IX, L.P.2021Real Estate4.0%1.05x0.05Pennsylvania PSERS
Cortec Group Fund VII, L.P.2019N/A21.3%N/AN/ACalifornia State Teachers' Retirement System
Carlyle Europe Partners V, S.C.Sp.2019N/A5.6%1.10xN/ACalifornia Public Employees' Retirement System
Carlyle Europe Partners V, S.C.Sp.2019N/A5.3%N/AN/ACalifornia State Teachers' Retirement System
Carlyle Asia Partners V, L.P.2018N/A16.8%1.30xN/ACalifornia Public Employees' Retirement System
Carlyle Partners VII, L.P.2018N/A13.3%1.50xN/ACalifornia Public Employees' Retirement System
Carlyle Asia Partners V, L.P.2018N/A8.3%N/AN/ACalifornia State Teachers' Retirement System
Carlyle Partners VII, L.P.2018PE - Buyout Large8.0%1.40xN/AWashington State Investment Board
Carlyle Partners VII, L.P.2018N/A8.0%N/AN/ACalifornia State Teachers' Retirement System
Carlyle Realty Partners VIII, L.P.2017Real Estate21.1%1.48x1.01Pennsylvania PSERS
Carlyle Strategic Partners IV, L.P.2016N/A4.5%1.10xN/ACalifornia Public Employees' Retirement System
Carlyle U.S. Equity Opportunities II, L.P.2015N/A15.6%1.90xN/ACalifornia Public Employees' Retirement System
Carlyle U.S. Equity Opportunity Fund II, L.P.2015N/A14.6%N/AN/ACalifornia State Teachers' Retirement System
Cortec Group Fund VI, L.P.2015N/A14.5%N/AN/ACalifornia State Teachers' Retirement System
Carlyle Europe Partners IV, L.P.2015N/A12.1%N/AN/ACalifornia State Teachers' Retirement System
Carlyle Energy Mezzanine Opportunities Fund II, L.P.2015Private Credit3.7%1.14x0.96Pennsylvania PSERS

BDC Credit Exposure (5 borrowers)

BorrowerFair ValueParBDCsBDC Names
Genuine Cable Group, LLC$330KN/A1Blackstone Secured Lending Fund
CI (MG) GROUP, LLC$37K$38K1MidCap Financial Investment Corp
PSC Group$21$251FS KKR Capital Corp
Dune GroupN/A$1K1Barings BDC Inc
Long Term Care Group, Inc.N/A$18K1Barings BDC Inc

Regulatory Registrations (10)

RegulatorCountryEntityStatusReference
FCAUKGroup PlcNo longer authorised204465
FCAUKTHE CARMANIA GROUP LTDUnknown777350
BMABermudaAscot GroupActive
BMABermudaAspen GroupActive
BMABermudaArch Capital GroupActive
BMABermudaCoralisle GroupActive
SEC-EDGAR-FormDCaymanCHC Group LLCActive021-284356
BMABermudaAxis Capital GroupActive
BMABermudaConvex GroupActive
fsa_japanJapanCarlyle Japan LLCLicensed

Hiring Signals (2)

RoleLocationPostedSource
Private Equity AssociateNew YorkFeb 1, 2026linkedin_search
Associate, Direct Lending Portfolio ManagementNew YorkFeb 1, 2026linkedin_search

Legal Filings (15)

Manti Holdings, LLC v. The Carlyle Group Inc.
Supreme Court of Delaware | opinion | Nov 5, 2025

IN THE SUPREME COURT OF THE STATE OF DELAWARE MANTI HOLDINGS, LLC, MALONE § MITCHELL, WINN INTERESTS, § No. 112, 2025 LTD., EQUINOX I. A TX, GREG § PIPKIN, CRAIG JOHNSTONE, TRI-C § AUTHENTIX PREFERRED, LTD., § DAVID MOXAM, JON LAL PEARCE § and JIM RITTENBURG, § § Plaintiff-Below, Appellants, § Court Below: Court of Chancery §

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Manti Holdings, LLC v. The Carlyle Group Inc.
Court of Chancery of Delaware | opinion | Jan 7, 2025

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE MANTI HOLDINGS, LLC, MALONE ) MITCHELL, WINN INTERESTS, LTD., ) EQUINOX I. A TX, GREG PIPKIN, ) CRAIG JOHNSTONE, TRI-C ) AUTHENTIX, LTD., TRI-C ) AUTHENTIX PREFERRED, LTD., ) DAVID MOXAM, JON LAL PEARCE ) and JIM RITTENBURG, ) ) Plaintiffs, )

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Nails v. Carlyle Group Global
District Court, District of Columbia | opinion | Jul 24, 2024

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA ANGELA NAILS, ) ) Plaintiff, ) ) v. ) Civil Action No. 24-1884 (UNA)

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NAILS v. CARLYLE GROUP GLOBAL
District Court, District of Columbia | other | Jun 20, 2024

MEMORANDUM AND OPINION. Signed by Judge Trevor N. McFadden on 07/24/2024. (zcb)

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FW Deep Value Opportunities Fund I, LLC v. The Carlyle Group, Inc.
District Court, D. Delaware | other | Apr 5, 2024

Summons Issued as to Carlyle Group Management L.L.C., Carlyle Investment Management L.L.C., and The Carlyle Group, Inc. on 04/05/2024 (Attachments: # 1 Summons Issued Carlyle Investment Management L.L.C., # 2 Summons Issued The Carlyle Group Inc.)(jfm) (Entered: 04/05/2024) | NOTICE of Voluntary Dismissal by FW Deep Value Opportunities Fund I, LLC as to The Carlyle Group, Inc., Carlyle Group Management L.L.C., and Carlyle Investment Management L.L.C. (Mayo, Andrew) (Entered: 03/24/2025) | ORAL ORDER re: D.I. 11 ORDER for Issuance of Letters Rogatory: IT IS HEREBY ORDERED that on or before May 17, 2024, Plaintiff shall submit a status report of no more than three pages, explaining the status of compliance with ¶ 2 of the court's order and what remains to be done to complete the procedures outlined in that paragraph. Ordered by Judge Sherry R. Fallon on 5/14/2024. (lih) (Entered: 05/14/2024)

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The Carlyle Group, LLC
United States Bankruptcy Court, E.D. New York | bankruptcy | Mar 29, 2023

Chapter 7 Voluntary Petition for Non Individuals. Fee Amount $0 Filed by The Carlyle Group, LLC Filed Via Electronic Dropbox (one) (Entered: 03/29/2023) | Prior Filing Case Number(s): 22-70835-ast dismissed 09/22/2022 (one)

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Gemedy, Inc. v. The Carlyle Group Inc.
District Court, D. Delaware | other | Feb 13, 2023

MOTION for Leave to File Notice of Removal and Exhibits Thereto Under Seal - filed by Carlyle Investment Management LLC, Carlyle Partners VII, L.P., Carlyle Partners VIII, L.P., IST Research, LLC, The Carlyle Group Inc., Two Six Labs Holdings, Inc., Two Six Labs, LLC, Two Six Technologies Holdings Inc., Two Six Topco Holdings, Inc. (Attachments: # 1 Text of Proposed Order)(smg) (Entered: 02/13/2023) | MOTION for Leave to File Notice of Removal and Exhibits Thereto Under Seal - filed by Carlyle Investment Management LLC, Carlyle Partners VII, L.P., Carlyle Partners VIII, L.P., IST Research, LLC, The Carlyle Group Inc., Two Six Labs Holdings, Inc., Two Six Labs, LLC, Two Six Technologies Holdings Inc., Two Six Topco Holdings, Inc. (Attachments: # 1 Text of Proposed Order)(smg) (Entered: 02/13/2023) | Disclosure Statement pursuant to Rule 7.1: identifying Corporate Parent The Carlyle Group Inc for Carlyle Investment Management LLC, Carlyle Partners VII, L.P., Carlyle Partners VIII, L.P., IST Research, LLC, The Carlyle Group Inc., Two Six Labs Holdings, Inc., Two Six Labs, LLC, Two Six Technologies Holdings Inc., Two Six Topco Holdings, Inc. filed by Carlyle Investment Management LLC, Carlyle Partners VII, L.P., Carlyle Partners VIII, L.P., IST Research, LLC, The Carlyle Group Inc., Two Six La

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ABERNATHY v. CARLYLE GROUP, INC.
District Court, District of Columbia | other | Nov 30, 2022

WAIVER OF SERVICE. MICHAEL BROGAN waiver sent on 2/15/2023, answer due 4/16/2023; CARLYLE GROUP, INC. waiver sent on 2/15/2023, answer due 4/16/2023; KEVIN CODY waiver sent on 2/15/2023, answer due 4/16/2023; MUGE CODY waiver sent on 2/15/2023, answer due 4/16/2023; BONNIE COOK waiver sent on 2/15/2023, answer due 4/16/2023; BRIAN EARHART waiver sent on 2/15/2023, answer due 4/16/2023; MANTECH INTERNATIONAL CORPORATION waiver sent on 2/15/2023, answer due 4/16/2023; MANTECH TELECOMMUNICATIONS AN | COMPLAINT for Violation of the Trafficking Victims Protection Act against All Defendants with Jury Demand ( Filing fee $ 402 receipt number ADCDC-9701729) filed by FRANK LAMBEY, MIKE COWLEY, EDWARD PONDER, KYLE KENDRICK, CEDRICK ARTHUR, MICHAEL ABERNATHY, JUSTIN LOGAN, RYAN JAKUBOWSKI, TAMECIA TURNER, JOSEAN ORTIZ-MEDINA, JEFFERY WILLIS, LADARIUS PHILLIPS, JEROME GREENE, MICHAEL NOMURA, MISAEL DIAZ, JASON FOSTER, LAWRENCE FREEMAN, DELONTE GREEN, ERIC NELSON, YUMUL TRISTAN, MARIO CAVAZOS, LARRY B | NOTICE of Voluntary Dismissal re The Carlyle Group, Inc. by All Plaintiffs (Hennessey, Joseph) (Entered: 10/10/2024)

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Manti Holdings, LLC v. The Carlyle Group Inc.
Court of Chancery of Delaware | opinion | Jun 3, 2022

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE MANTI HOLDINGS, LLC, MALONE ) MITCHELL, WINN INTERESTS, LTD., ) EQUINOX I. A TX, GREG PIPKIN, ) CRAIG JOHNSTONE, TRI-C ) AUTHENTIX, LTD., DAVID MOXAM, ) JOHN LAL PEARCE, and JIM ) RITTENBURG, ) ) Plaintiffs, )

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The Carlyle Group LLC.
United States Bankruptcy Court, E.D. New York | bankruptcy | Apr 22, 2022

Refiled Petition Re: Forms Modernization 2015 (Pgs 1-4)for Non-Individuals; To indicate included estimated liabilities Filed by The Carlyle Group LLC. (RE: related document(s)1 Voluntary Petition (Chapter 7) filed by Debtor The Carlyle Group LLC.) Filed Via Electronic Dropbox (ylr) (Entered: 04/25/2022) | Chapter 7 Voluntary Petition for Non Individuals. Fee Amount $ 338 Filed by The Carlyle Group LLC. Filed Via Electronic Dropbox (ylr). (Entered: 04/25/2022)

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Manti Holdings, LLC v. The Carlyle Group Inc.
Court of Chancery of Delaware | opinion | Feb 14, 2022

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE MANTI HOLDINGS, LLC, MALONE ) MITCHELL, WINN INTERESTS, LTD., ) EQUINOX I. A TX, GREG PIPKIN, ) CRAIG JOHNSTONE, TRI-C ) AUTHENTIX, LTD., DAVID MOXAM, ) JOHN LAL PEARCE, and JIM ) RITTENBURG, ) ) Plaintiffs, )

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AIRGAS, INC. v. THE CARLYLE GROUP
District Court, E.D. Pennsylvania | other | Jun 12, 2018

COMPLAINT against CARLYLE INVESTMENT MANAGEMENT, LLC, LESLIE GRAFF, THE CARLYLE GROUP ( Filing fee $ 400 receipt number PPE179870.), filed by AIRGAS, INC.. (Attachments: # 1 CASE MANAGEMENT FORMS)(jl, ) Modified on 6/19/2018 (md). (Entered: 06/13/2018) | NOTICE of Voluntary Dismissal by AIRGAS, INC. As To THE CARLYLE GROUP AND CARLYLE INVESTMENT MANAGEMENT LLC(RAZOR, MORGAN) (Entered: 08/06/2018) | 3 Summons Issued as to CARYYLE INVESTMENT MANAGEMENT, LLC, LESLIE GRAFF, THE CARLYLE GROUP. Forwarded To: DANIEL AIKEN on 6/13/18 (jl, )

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Carlyle Group Employee Co., L.L.C. v. Dhir
District Court, S.D. New York | other | Jan 31, 2018

NOTICE OF APPEARANCE by Lawrence P. Postol on behalf of Carlyle Commodity Management, L.L.C., Carlyle Group Employee Co., L.L.C., The Carlyle Group L.P.. (Postol, Lawrence) (Entered: 02/16/2018) | ***NOTICE TO ATTORNEY REGARDING PARTY MODIFICATION. Notice to attorney Kathy Sue Marks. The party information for the following party/parties has been modified: Carlyle Group Employee Co., L.L.C.; The Carlyle Group L.P.; Carlyle Commodity Management, L.L.C.; Nikhil Dhir. The information for the party/parties has been modified for the following reason/reasons: party name contained a typographical error; party role was entered incorrectly; alias party type was entered incorrectly. (sj) | STIPULATION OF DISMISSAL WITH PREJUDICE: Pursuant to Federal Rules of Civil Procedure 41(a)(1)(A)(ii), Plaintiffs Carlyle Group Employee Co., L.L.C., The Carlyle Group L.P., and Carlyle Commodity Management L.L.C. (formerly Vermillion Asset Management LLC), and Defendant Nikhil Dhir, through respective counsel, hereby stipulate and agree that this action be dismissed in its entirety with prejudice, with each party bearing its own attorneys' fees, costs, and expenses relating thereto. STIPULATED

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Dhir v. Carlyle Group Employee Co.et al
District Court, S.D. New York | other | Aug 12, 2016

Corporate Disclosure Statement by Carlyle Group, Carlyle Group Employee Co., Vermillion Asset Management. (Mirmira, Vidya) [Transferred from Connecticut on 8/12/2016.] (Entered: 04/15/2016) | ANSWER to 63 Amended Complaint,,. Document filed by Carlyle Group, Carlyle Group Employee Co., Andrew Gilbert, Chris Nygaard, Vermillion Asset Management.(Justus, Joelle) (Entered: 10/13/2017) | RULE 26(f) DISCOVERY PLAN REPORT.Document filed by Carlyle Group, Carlyle Group Employee Co., Andrew Gilbert, Chris Nygaard, Vermillion Asset Management.(Mirmira, Vidya) (Entered: 10/09/2017)

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Dhir v. Carlyle Group Employee Co.et al
District Court, D. Connecticut | other | Feb 9, 2016

MOTION to Dismiss by Carlyle Group, Carlyle Group Employee Co., Andrew Gilbert, Chris Nygaard, Vermillion Asset Management, Chris Zuech.Responses due by 5/6/2016 (Attachments: # 1 Memorandum in Support of Defendants Partial Motion to Dismiss for Lack of Personal Jurisdiction and for Failure to State a Claim, # 2 Exhibit 1, # 3 Exhibit 2, # 4 Exhibit 3)(Mirmira, Vidya) (Entered: 04/15/2016) | Corporate Disclosure Statement by Carlyle Group, Carlyle Group Employee Co., Vermillion Asset Management. (Mirmira, Vidya) (Entered: 04/15/2016) | NOTICE of Appearance by Vidya Atre Mirmira on behalf of Carlyle Group, Carlyle Group Employee Co., Andrew Gilbert, Chris Nygaard, Vermillion Asset Management, Chris Zuech (Mirmira, Vidya) (Entered: 03/09/2016)

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Methodology

Weighted composite of 6 dimensions

fund performance: 25% - Median IRR vs strategy benchmark
talent stability: 20% - Team retention ratio + average tenure
credit health: 15% - BDC fair value as % of par + borrower concentration
regulatory compliance: 10% - Number of active registrations, legal filing count
market presence: 15% - News mentions + conference appearances + web traffic rank
growth trajectory: 15% - AUM change + hiring signals + new fund filings
Scale: 0-100, where 70+ is strong, 50-69 is moderate, below 50 is weak
Data Sources: SEC Form ADV filings, Pension fund performance reports (CalPERS, CalSTRS, WSIB, etc.), BDC 10-K/10-Q portfolio filings, FCA, BaFin, AMF, CSSF, ADGM, MAS, SFC regulatory registers, LinkedIn career histories, Market intelligence news aggregation, Conference appearance records, Tranco web traffic rankings, Glassdoor/employer rating platforms, Entity registration databases (Delaware, Cayman, Luxembourg, etc.), Hiring signal aggregation, Lobbying disclosure reports, ESG/PRI signatory data

Deal Pack generated by GP Stakes Intelligence Platform on Feb 2, 2026. Data version 202602020738.

All scores are computed algorithmically and should be used alongside independent due diligence.

Deal Pack: Carlyle Group | GP Stakes