Organization and Basis of Presentation

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Basis of Presentation

1. Organization and Basis of Presentation

Carlyle is one of the world’s largest global investment firms that deploys private capital across its business and

conducts its operations through three reportable segments: Global Private Equity, Global Credit and Global Investment

Solutions (see Note 16). In the Global Private Equity segment, Carlyle advises buyout, growth, real estate, infrastructure and

natural resources funds. The primary areas of focus for the Global Credit segment are liquid credit, private credit, real assets

credit, and other credit such as insurance solutions, platform initiatives, and capital markets. The Global Investment Solutions

segment provides investment opportunities and resources for investors and clients through secondary purchases and financing

of existing portfolios, managed co-investment programs and primary fund investments. Carlyle typically serves as the general

partner, investment manager or collateral manager, making day-to-day investment decisions concerning the assets of these

products.

Basis of Presentation

The accompanying financial statements include the accounts of the Company and its consolidated subsidiaries. In

addition, certain Carlyle-affiliated funds, related co-investment entities and certain CLOs managed by the Company

(collectively the “Consolidated Funds”) have been consolidated in the accompanying financial statements pursuant to

accounting principles generally accepted in the United States (“U.S. GAAP”), as described in Note 2. The consolidation of the

Consolidated Funds generally has a gross-up effect on assets, liabilities and cash flows, and generally has no effect on the net

income attributable to the Company. The economic ownership interests of the other investors in the Consolidated Funds are

reflected as non-controlling interests in consolidated entities in the accompanying consolidated financial statements (see Note

2).