Accrued Performance Fees

12 Months Ended

Dec. 31, 2012

Accrued Performance Fees

5. Accrued Performance Fees

The components of accrued performance fees are as follows:

	As of December 31,
	2012		2011
	(Dollars in millions)
Corporate Private Equity	$	1,667.3	$	1,599.2
Global Market Strategies		69.5		170.0
Real Assets		250.1		270.9
Solutions		205.6		149.0
Total	$	2,192.5	$	2,189.1

Approximately 61% and 55% of accrued performance fees at December 31, 2012 and 2011, respectively, are related to Carlyle Partners IV, L.P. and Carlyle Partners V, L.P., two of the Partnership’s Corporate Private Equity funds.

Accrued performance fees are shown gross of the Partnership’s accrued giveback obligations, which are separately presented in the consolidated balance sheets. The components of the accrued giveback obligations are as follows:

	As of December 31,
	2012			2011
	(Dollars in millions)
Corporate Private Equity	$	(18.9	)	$	(77.8	)
Global Market Strategies		(2.1	)		(1.2	)
Real Assets		(48.2	)		(57.5	)
Total	$	(69.2	)	$	(136.5	)

Performance Fees

The performance fees included in revenues are derived from the following segments:

	Year Ended December 31,
	2012		2011			2010
			(Dollars in millions)
Corporate Private Equity	$	786.1	$	845.8		$	1,259.0
Global Market Strategies		99.6		145.9			144.6
Real Assets		90.7		150.4			78.4
Solutions		64.7		(20.5	)		—
Total	$	1,041.1	$	1,121.6		$	1,482.0

Approximately 62%, or $647.8 million, of performance fees for the year ended December 31, 2012 are related to Carlyle Asia Partners II, L.P., Carlyle Partners IV, L.P. and Carlyle Partners V, L.P., three of the Partnership’s Corporate Private Equity funds. Total revenues recognized from Carlyle Asia Partners II, L.P., Carlyle Partners IV, L.P. and Carlyle Partners V, L.P. were $140.0 million, $274.1 million and $482.4 million, respectively, for the year ended December 31, 2012.

Approximately 86%, or $964.2 million, of performance fees for the year ended December 31, 2011 are related to Carlyle Partners IV, L.P. and Carlyle Partners V, L.P. Total revenue from Carlyle Partners IV, L.P. and Carlyle Partners V, L.P. were $536.0 million and $678.5 million, respectively, for the year ended December 31, 2011.

Approximately 55%, or $816.6 million, of performance fees for the year ended December 31, 2010 are related to Carlyle Partners III, L.P. and Carlyle Partners IV, L.P. Total revenue from Carlyle Partners III, L.P. and Carlyle Partners IV, L.P were $159.7 million and $733.7 million, respectively, for the year ended December 31, 2010.