cg-20230331
false2023Q10001527166--12-31P5YP3YP4Yhttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://fasb.org/us-gaap/2022#OtherComprehensiveIncomeLossNetOfTaxhttp://fasb.org/us-gaap/2022#OtherComprehensiveIncomeLossNetOfTaxhttp://fasb.org/us-gaap/2022#OtherComprehensiveIncomeLossNetOfTaxhttp://fasb.org/us-gaap/2022#OtherComprehensiveIncomeLossNetOfTaxhttp://fasb.org/us-gaap/2022#OtherComprehensiveIncomeLossNetOfTaxhttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://fasb.org/us-gaap/2022#OtherComprehensiveIncomeLossNetOfTaxhttp://fasb.org/us-gaap/2022#OtherComprehensiveIncomeLossNetOfTaxhttp://fasb.org/us-gaap/2022#OtherComprehensiveIncomeLossNetOfTaxhttp://fasb.org/us-gaap/2022#OtherComprehensiveIncomeLossNetOfTaxhttp://fasb.org/us-gaap/2022#OtherComprehensiveIncomeLossNetOfTaxhttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundshttp://www.carlyle.com/20230331#NetInvestmentGainsLossesOfConsolidatedFundsP5Y00015271662023-01-012023-03-310001527166us-gaap:CommonStockMember2023-01-012023-03-310001527166us-gaap:SubordinatedDebtMember2023-01-012023-03-3100015271662023-05-03xbrli:shares00015271662023-03-31iso4217:USD00015271662022-12-31iso4217:USDxbrli:shares0001527166cg:FundManagementFeeMember2023-01-012023-03-310001527166cg:FundManagementFeeMember2022-01-012022-03-310001527166cg:IncentiveFeeMember2023-01-012023-03-310001527166cg:IncentiveFeeMember2022-01-012022-03-310001527166cg:PerformanceAllocationsMember2023-01-012023-03-310001527166cg:PerformanceAllocationsMember2022-01-012022-03-310001527166cg:PrincipalInvestmentIncomeLossMember2023-01-012023-03-310001527166cg:PrincipalInvestmentIncomeLossMember2022-01-012022-03-3100015271662022-01-012022-03-310001527166us-gaap:CommonStockMember2022-12-310001527166us-gaap:AdditionalPaidInCapitalMember2022-12-310001527166us-gaap:RetainedEarningsMember2022-12-310001527166us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310001527166us-gaap:NoncontrollingInterestMember2022-12-310001527166us-gaap:CommonStockMember2023-01-012023-03-310001527166us-gaap:RetainedEarningsMember2023-01-012023-03-310001527166us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-310001527166us-gaap:NoncontrollingInterestMember2023-01-012023-03-310001527166us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-310001527166us-gaap:CommonStockMember2023-03-310001527166us-gaap:AdditionalPaidInCapitalMember2023-03-310001527166us-gaap:RetainedEarningsMember2023-03-310001527166us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-310001527166us-gaap:NoncontrollingInterestMember2023-03-310001527166us-gaap:CommonStockMember2021-12-310001527166us-gaap:AdditionalPaidInCapitalMember2021-12-310001527166us-gaap:RetainedEarningsMember2021-12-310001527166us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310001527166us-gaap:NoncontrollingInterestMember2021-12-3100015271662021-12-310001527166us-gaap:CommonStockMember2022-01-012022-03-310001527166us-gaap:RetainedEarningsMember2022-01-012022-03-310001527166us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-310001527166us-gaap:NoncontrollingInterestMember2022-01-012022-03-310001527166us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-310001527166us-gaap:CommonStockMember2022-03-310001527166us-gaap:AdditionalPaidInCapitalMember2022-03-310001527166us-gaap:RetainedEarningsMember2022-03-310001527166us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310001527166us-gaap:NoncontrollingInterestMember2022-03-3100015271662022-03-310001527166cg:ConsolidatedOperatingEntitiesMember2023-01-012023-03-310001527166cg:ConsolidatedOperatingEntitiesMember2022-01-012022-03-31cg:segment0001527166us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2023-03-310001527166us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-12-310001527166us-gaap:CollateralizedLoanObligationsMember2023-03-310001527166us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2023-03-310001527166us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2022-12-310001527166srt:MinimumMember2023-01-012023-03-31xbrli:pure0001527166srt:MaximumMember2023-01-012023-03-310001527166srt:MinimumMember2023-03-310001527166srt:MaximumMember2023-03-310001527166us-gaap:AccumulatedTranslationAdjustmentMember2023-03-310001527166us-gaap:AccumulatedTranslationAdjustmentMember2022-12-310001527166us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-03-310001527166us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-12-310001527166us-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMember2023-03-310001527166us-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2023-03-310001527166us-gaap:FairValueInputsLevel12And3Memberus-gaap:EquitySecuritiesMember2023-03-310001527166us-gaap:FairValueInputsLevel1Memberus-gaap:BondsMember2023-03-310001527166us-gaap:FairValueInputsLevel2Memberus-gaap:BondsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:BondsMember2023-03-310001527166us-gaap:FairValueInputsLevel12And3Memberus-gaap:BondsMember2023-03-310001527166us-gaap:FairValueInputsLevel1Membercg:LoansInvestmentInConsolidatedFundsMember2023-03-310001527166us-gaap:FairValueInputsLevel2Membercg:LoansInvestmentInConsolidatedFundsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:LoansInvestmentInConsolidatedFundsMember2023-03-310001527166us-gaap:FairValueInputsLevel12And3Membercg:LoansInvestmentInConsolidatedFundsMember2023-03-310001527166us-gaap:FairValueInputsLevel1Membercg:InvestmentsOfConsolidatedFundsMember2023-03-310001527166us-gaap:FairValueInputsLevel2Membercg:InvestmentsOfConsolidatedFundsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:InvestmentsOfConsolidatedFundsMember2023-03-310001527166us-gaap:FairValueInputsLevel12And3Membercg:InvestmentsOfConsolidatedFundsMember2023-03-310001527166cg:InvestmentsInCollateralizedLoanObligationMemberus-gaap:FairValueInputsLevel1Member2023-03-310001527166cg:InvestmentsInCollateralizedLoanObligationMemberus-gaap:FairValueInputsLevel2Member2023-03-310001527166cg:InvestmentsInCollateralizedLoanObligationMemberus-gaap:FairValueInputsLevel3Member2023-03-310001527166cg:InvestmentsInCollateralizedLoanObligationMemberus-gaap:FairValueInputsLevel12And3Member2023-03-310001527166cg:OtherMemberus-gaap:FairValueInputsLevel1Member2023-03-310001527166cg:OtherMemberus-gaap:FairValueInputsLevel2Member2023-03-310001527166cg:OtherMemberus-gaap:FairValueInputsLevel3Member2023-03-310001527166cg:OtherMemberus-gaap:FairValueInputsLevel12And3Member2023-03-310001527166us-gaap:FairValueInputsLevel1Membercg:InvestmentsInCLOsAndOtherAndPartnershipAndLLCInterestsMember2023-03-310001527166cg:InvestmentsInCLOsAndOtherAndPartnershipAndLLCInterestsMemberus-gaap:FairValueInputsLevel2Member2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:InvestmentsInCLOsAndOtherAndPartnershipAndLLCInterestsMember2023-03-310001527166cg:InvestmentsInCLOsAndOtherAndPartnershipAndLLCInterestsMember2023-03-310001527166us-gaap:FairValueInputsLevel1Memberus-gaap:CommercialPaperMember2023-03-310001527166us-gaap:FairValueInputsLevel2Memberus-gaap:CommercialPaperMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:CommercialPaperMember2023-03-310001527166us-gaap:FairValueInputsLevel12And3Memberus-gaap:CommercialPaperMember2023-03-310001527166us-gaap:FairValueInputsLevel1Membercg:CorporateTreasuryInvestmentsMember2023-03-310001527166us-gaap:FairValueInputsLevel2Membercg:CorporateTreasuryInvestmentsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:CorporateTreasuryInvestmentsMember2023-03-310001527166us-gaap:FairValueInputsLevel12And3Membercg:CorporateTreasuryInvestmentsMember2023-03-310001527166us-gaap:ForeignExchangeForwardMemberus-gaap:FairValueInputsLevel1Member2023-03-310001527166us-gaap:ForeignExchangeForwardMemberus-gaap:FairValueInputsLevel2Member2023-03-310001527166us-gaap:ForeignExchangeForwardMemberus-gaap:FairValueInputsLevel3Member2023-03-310001527166us-gaap:ForeignExchangeForwardMemberus-gaap:FairValueInputsLevel12And3Member2023-03-310001527166us-gaap:FairValueInputsLevel1Member2023-03-310001527166us-gaap:FairValueInputsLevel2Member2023-03-310001527166us-gaap:FairValueInputsLevel3Member2023-03-310001527166us-gaap:FairValueInputsLevel12And3Member2023-03-310001527166us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2023-03-310001527166us-gaap:FairValueMeasuredAtNetAssetValuePerShareMembercg:InvestmentsOfConsolidatedFundsMember2023-03-310001527166us-gaap:EquitySecuritiesMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2023-03-310001527166cg:SeniorSecuredNotesMember2023-03-310001527166us-gaap:RevolvingCreditFacilityMember2023-03-310001527166us-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMember2022-12-310001527166us-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2022-12-310001527166us-gaap:EquitySecuritiesMember2022-12-310001527166us-gaap:FairValueInputsLevel1Memberus-gaap:BondsMember2022-12-310001527166us-gaap:FairValueInputsLevel2Memberus-gaap:BondsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:BondsMember2022-12-310001527166us-gaap:BondsMember2022-12-310001527166us-gaap:FairValueInputsLevel1Membercg:LoansInvestmentInConsolidatedFundsMember2022-12-310001527166us-gaap:FairValueInputsLevel2Membercg:LoansInvestmentInConsolidatedFundsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:LoansInvestmentInConsolidatedFundsMember2022-12-310001527166cg:LoansInvestmentInConsolidatedFundsMember2022-12-310001527166us-gaap:FairValueInputsLevel1Membercg:InvestmentsOfConsolidatedFundsMember2022-12-310001527166us-gaap:FairValueInputsLevel2Membercg:InvestmentsOfConsolidatedFundsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:InvestmentsOfConsolidatedFundsMember2022-12-310001527166cg:InvestmentsOfConsolidatedFundsMember2022-12-310001527166cg:InvestmentsInCollateralizedLoanObligationMemberus-gaap:FairValueInputsLevel1Member2022-12-310001527166cg:InvestmentsInCollateralizedLoanObligationMemberus-gaap:FairValueInputsLevel2Member2022-12-310001527166cg:InvestmentsInCollateralizedLoanObligationMemberus-gaap:FairValueInputsLevel3Member2022-12-310001527166cg:InvestmentsInCollateralizedLoanObligationMember2022-12-310001527166cg:OtherMemberus-gaap:FairValueInputsLevel1Member2022-12-310001527166cg:OtherMemberus-gaap:FairValueInputsLevel2Member2022-12-310001527166cg:OtherMemberus-gaap:FairValueInputsLevel3Member2022-12-310001527166cg:OtherMember2022-12-310001527166us-gaap:FairValueInputsLevel1Memberus-gaap:CommercialPaperMember2022-12-310001527166us-gaap:FairValueInputsLevel2Memberus-gaap:CommercialPaperMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:CommercialPaperMember2022-12-310001527166us-gaap:FairValueInputsLevel12And3Memberus-gaap:CommercialPaperMember2022-12-310001527166us-gaap:FairValueInputsLevel1Membercg:CorporateTreasuryInvestmentsMember2022-12-310001527166us-gaap:FairValueInputsLevel2Membercg:CorporateTreasuryInvestmentsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:CorporateTreasuryInvestmentsMember2022-12-310001527166us-gaap:FairValueInputsLevel12And3Membercg:CorporateTreasuryInvestmentsMember2022-12-310001527166us-gaap:ForeignExchangeForwardMemberus-gaap:FairValueInputsLevel1Member2022-12-310001527166us-gaap:ForeignExchangeForwardMemberus-gaap:FairValueInputsLevel2Member2022-12-310001527166us-gaap:ForeignExchangeForwardMemberus-gaap:FairValueInputsLevel3Member2022-12-310001527166us-gaap:ForeignExchangeForwardMember2022-12-310001527166us-gaap:FairValueInputsLevel1Member2022-12-310001527166us-gaap:FairValueInputsLevel2Member2022-12-310001527166us-gaap:FairValueInputsLevel3Member2022-12-310001527166us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310001527166us-gaap:FairValueMeasuredAtNetAssetValuePerShareMembercg:InvestmentsOfConsolidatedFundsMember2022-12-310001527166us-gaap:EquitySecuritiesMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-12-310001527166cg:SeniorSecuredNotesMember2022-12-310001527166us-gaap:RevolvingCreditFacilityMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2023-01-012023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:BondsMember2023-01-012023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:LoansInvestmentInConsolidatedFundsMember2023-01-012023-03-310001527166cg:InvestmentsInCollateralizedLoanObligationMemberus-gaap:FairValueInputsLevel3Member2023-01-012023-03-310001527166cg:OtherMemberus-gaap:FairValueInputsLevel3Member2023-01-012023-03-310001527166us-gaap:FairValueInputsLevel3Member2023-01-012023-03-310001527166us-gaap:BondsMember2023-01-012023-03-310001527166cg:OtherMember2023-01-012023-03-310001527166cg:InvestmentsInCollateralizedLoanObligationMember2023-01-012023-03-310001527166us-gaap:EquitySecuritiesMember2023-01-012023-03-310001527166cg:LoansInvestmentInConsolidatedFundsMember2023-01-012023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2021-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:BondsMember2021-12-310001527166us-gaap:FairValueInputsLevel3Membercg:LoansInvestmentInConsolidatedFundsMember2021-12-310001527166cg:InvestmentsInCollateralizedLoanObligationMemberus-gaap:FairValueInputsLevel3Member2021-12-310001527166cg:OtherMemberus-gaap:FairValueInputsLevel3Member2021-12-310001527166us-gaap:FairValueInputsLevel3Member2021-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2022-01-012022-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:BondsMember2022-01-012022-03-310001527166us-gaap:FairValueInputsLevel3Membercg:LoansInvestmentInConsolidatedFundsMember2022-01-012022-03-310001527166cg:InvestmentsInCollateralizedLoanObligationMemberus-gaap:FairValueInputsLevel3Member2022-01-012022-03-310001527166cg:OtherMemberus-gaap:FairValueInputsLevel3Member2022-01-012022-03-310001527166us-gaap:FairValueInputsLevel3Member2022-01-012022-03-310001527166us-gaap:EquitySecuritiesMember2022-01-012022-03-310001527166us-gaap:BondsMember2022-01-012022-03-310001527166cg:LoansInvestmentInConsolidatedFundsMember2022-01-012022-03-310001527166cg:InvestmentsInCollateralizedLoanObligationMember2022-01-012022-03-310001527166cg:OtherMember2022-01-012022-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2022-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:BondsMember2022-03-310001527166us-gaap:FairValueInputsLevel3Membercg:LoansInvestmentInConsolidatedFundsMember2022-03-310001527166cg:InvestmentsInCollateralizedLoanObligationMemberus-gaap:FairValueInputsLevel3Member2022-03-310001527166cg:OtherMemberus-gaap:FairValueInputsLevel3Member2022-03-310001527166us-gaap:FairValueInputsLevel3Member2022-03-310001527166us-gaap:FairValueInputsLevel3Membercg:LoansPayableOfConsolidatedFundsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:LoansPayableOfConsolidatedFundsMember2021-12-310001527166us-gaap:FairValueInputsLevel3Membercg:LoansPayableOfConsolidatedFundsMember2023-01-012023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:LoansPayableOfConsolidatedFundsMember2022-01-012022-03-310001527166us-gaap:FairValueInputsLevel3Membercg:LoansPayableOfConsolidatedFundsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:LoansPayableOfConsolidatedFundsMember2022-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:EquitySecuritiesMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputQuotedPriceMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputQuotedPriceMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembersrt:WeightedAverageMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputQuotedPriceMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:EquitySecuritiesMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:TerminalGrowthRateMemberus-gaap:EquitySecuritiesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:TerminalGrowthRateMemberus-gaap:EquitySecuritiesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:TerminalGrowthRateMemberus-gaap:EquitySecuritiesMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueComparableMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:ValuationTechniqueComparableMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:ValuationTechniqueComparableMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:MeasurementInputTCFMultipleMembercg:ValuationTechniqueComparableMultipleMemberus-gaap:EquitySecuritiesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:MeasurementInputTCFMultipleMembercg:ValuationTechniqueComparableMultipleMemberus-gaap:EquitySecuritiesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:MeasurementInputTCFMultipleMembercg:ValuationTechniqueComparableMultipleMemberus-gaap:EquitySecuritiesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:EquitySecuritiesTwoMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:EquitySecuritiesTwoMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:EquitySecuritiesTwoMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:EquitySecuritiesTwoMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:TerminalGrowthRateMembercg:EquitySecuritiesTwoMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:TerminalGrowthRateMembercg:EquitySecuritiesTwoMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:TerminalGrowthRateMembercg:EquitySecuritiesTwoMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:MeasurementInputTCFMultipleMembercg:ValuationTechniqueComparableMultipleMembercg:EquitySecuritiesTwoMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueComparableMultipleMembercg:EquitySecuritiesThreeMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueComparableMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMembercg:EquitySecuritiesThreeMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:ValuationTechniqueComparableMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMembercg:EquitySecuritiesThreeMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:ValuationTechniqueComparableMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMembercg:EquitySecuritiesThreeMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:BondsMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:BondsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:BondsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembersrt:WeightedAverageMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:BondsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembercg:LoansInvestmentInConsolidatedFundsMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:MeasurementInputQuotedPriceMembercg:LoansInvestmentInConsolidatedFundsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:MeasurementInputQuotedPriceMembercg:LoansInvestmentInConsolidatedFundsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembersrt:WeightedAverageMemberus-gaap:MeasurementInputQuotedPriceMembercg:LoansInvestmentInConsolidatedFundsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsTwoMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsTwoMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsTwoMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsTwoMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembercg:LoansInvestmentInConsolidatedFundsThreeMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:MeasurementInputQuotedPriceMembercg:LoansInvestmentInConsolidatedFundsThreeMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:MeasurementInputQuotedPriceMembercg:LoansInvestmentInConsolidatedFundsThreeMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembersrt:WeightedAverageMemberus-gaap:MeasurementInputQuotedPriceMembercg:LoansInvestmentInConsolidatedFundsThreeMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembercg:LoansInvestmentInConsolidatedFundsTwoMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembercg:LoansInvestmentInConsolidatedFundsTwoMemberus-gaap:MeasurementInputQuotedPriceMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueConsensusPricingModelMembercg:LoansInvestmentInConsolidatedFundsTwoMemberus-gaap:MeasurementInputQuotedPriceMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembersrt:WeightedAverageMembercg:LoansInvestmentInConsolidatedFundsTwoMemberus-gaap:MeasurementInputQuotedPriceMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueOtherMembercg:LoansInvestmentInConsolidatedFundsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:MeasurementInputDiscountMarginMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:MeasurementInputDiscountMarginMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:MeasurementInputDiscountMarginMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDefaultRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDefaultRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDefaultRateMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:MeasurementInputRecoveryRateMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:MeasurementInputRecoveryRateMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:MeasurementInputRecoveryRateMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembersrt:WeightedAverageMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembersrt:WeightedAverageMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDefaultRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDefaultRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembersrt:WeightedAverageMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDefaultRateMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembercg:MeasurementInputRecoveryRateMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SubordinatedNotesAndPreferredSharesMembercg:MeasurementInputRecoveryRateMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembersrt:WeightedAverageMembercg:MeasurementInputRecoveryRateMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:BDCPreferredSharesMembercg:MarketYieldAnalysisMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:BDCPreferredSharesMembercg:MarketYieldAnalysisMembercg:MeasurementInputMarketYieldsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:BDCPreferredSharesMembercg:MarketYieldAnalysisMembercg:MeasurementInputMarketYieldsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:BDCPreferredSharesMembersrt:WeightedAverageMembercg:MarketYieldAnalysisMembercg:MeasurementInputMarketYieldsMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:AviationSubordinatedNotesMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:AviationSubordinatedNotesMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:AviationSubordinatedNotesMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:AviationSubordinatedNotesMembersrt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:SeniorSecuredNotesLoansPayableOfConsolidatedFundsMembercg:ValuationTechniqueOtherMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMembercg:SubordinatedNotesAndPreferredSharesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMembercg:SubordinatedNotesAndPreferredSharesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMembercg:SubordinatedNotesAndPreferredSharesMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDiscountRateMembercg:SubordinatedNotesAndPreferredSharesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDiscountRateMembercg:SubordinatedNotesAndPreferredSharesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDiscountRateMembercg:SubordinatedNotesAndPreferredSharesMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMemberus-gaap:MeasurementInputDefaultRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMemberus-gaap:MeasurementInputDefaultRateMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMemberus-gaap:MeasurementInputDefaultRateMember2023-03-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:MeasurementInputRecoveryRateMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:MeasurementInputRecoveryRateMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:MeasurementInputRecoveryRateMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:EquitySecuritiesMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputQuotedPriceMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputQuotedPriceMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembersrt:WeightedAverageMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputQuotedPriceMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:EquitySecuritiesMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:TerminalGrowthRateMemberus-gaap:EquitySecuritiesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:TerminalGrowthRateMemberus-gaap:EquitySecuritiesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:TerminalGrowthRateMemberus-gaap:EquitySecuritiesMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueComparableMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:ValuationTechniqueComparableMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:ValuationTechniqueComparableMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:MeasurementInputTCFMultipleMembercg:ValuationTechniqueComparableMultipleMemberus-gaap:EquitySecuritiesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:MeasurementInputTCFMultipleMembercg:ValuationTechniqueComparableMultipleMemberus-gaap:EquitySecuritiesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:MeasurementInputTCFMultipleMembercg:ValuationTechniqueComparableMultipleMemberus-gaap:EquitySecuritiesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueOtherMemberus-gaap:EquitySecuritiesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:BondsMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:BondsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:BondsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembersrt:WeightedAverageMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:BondsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembercg:LoansInvestmentInConsolidatedFundsMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:MeasurementInputQuotedPriceMembercg:LoansInvestmentInConsolidatedFundsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:MeasurementInputQuotedPriceMembercg:LoansInvestmentInConsolidatedFundsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembersrt:WeightedAverageMemberus-gaap:MeasurementInputQuotedPriceMembercg:LoansInvestmentInConsolidatedFundsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsTwoMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsTwoMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsTwoMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembercg:LoansInvestmentInConsolidatedFundsTwoMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembercg:LoansInvestmentInConsolidatedFundsTwoMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembercg:LoansInvestmentInConsolidatedFundsTwoMembercg:MeasurementInputMarketYieldsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueConsensusPricingModelMembercg:LoansInvestmentInConsolidatedFundsTwoMembercg:MeasurementInputMarketYieldsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembersrt:WeightedAverageMembercg:LoansInvestmentInConsolidatedFundsTwoMembercg:MeasurementInputMarketYieldsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembercg:LoansInvestmentInConsolidatedFundsThreeMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:MeasurementInputQuotedPriceMembercg:LoansInvestmentInConsolidatedFundsThreeMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ValuationTechniqueConsensusPricingModelMemberus-gaap:MeasurementInputQuotedPriceMembercg:LoansInvestmentInConsolidatedFundsThreeMember2022-12-310001527166us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueConsensusPricingModelMembersrt:WeightedAverageMemberus-gaap:MeasurementInputQuotedPriceMembercg:LoansInvestmentInConsolidatedFundsThreeMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueOtherMembercg:LoansInvestmentInConsolidatedFundsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:MeasurementInputDiscountMarginMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:MeasurementInputDiscountMarginMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:MeasurementInputDiscountMarginMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDefaultRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDefaultRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDefaultRateMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:MeasurementInputRecoveryRateMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:MeasurementInputRecoveryRateMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:MeasurementInputRecoveryRateMembercg:SeniorSecuredNotesInvestmentsInInvestmentsInCollateralizedLoanObligationsAndOtherMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembersrt:WeightedAverageMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembersrt:WeightedAverageMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDefaultRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SubordinatedNotesAndPreferredSharesMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDefaultRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembersrt:WeightedAverageMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDefaultRateMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembercg:MeasurementInputRecoveryRateMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:SubordinatedNotesAndPreferredSharesMembercg:MeasurementInputRecoveryRateMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:SubordinatedNotesAndPreferredSharesMembersrt:WeightedAverageMembercg:MeasurementInputRecoveryRateMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:BDCPreferredSharesMembercg:MarketYieldAnalysisMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:BDCPreferredSharesMembercg:MarketYieldAnalysisMembercg:MeasurementInputMarketYieldsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:BDCPreferredSharesMembercg:MarketYieldAnalysisMembercg:MeasurementInputMarketYieldsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:BDCPreferredSharesMembersrt:WeightedAverageMembercg:MarketYieldAnalysisMembercg:MeasurementInputMarketYieldsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:AviationSubordinatedNotesMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:AviationSubordinatedNotesMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:AviationSubordinatedNotesMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:AviationSubordinatedNotesMembersrt:WeightedAverageMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:SeniorSecuredNotesLoansPayableOfConsolidatedFundsMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMembercg:SubordinatedNotesAndPreferredSharesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMembercg:SubordinatedNotesAndPreferredSharesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputQuotedPriceMembercg:SubordinatedNotesAndPreferredSharesMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDiscountRateMembercg:SubordinatedNotesAndPreferredSharesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDiscountRateMembercg:SubordinatedNotesAndPreferredSharesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMemberus-gaap:MeasurementInputDiscountRateMembercg:SubordinatedNotesAndPreferredSharesMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMemberus-gaap:MeasurementInputDefaultRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMemberus-gaap:MeasurementInputDefaultRateMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMemberus-gaap:MeasurementInputDefaultRateMember2022-12-310001527166srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercg:MeasurementInputRecoveryRateMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercg:MeasurementInputRecoveryRateMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMember2022-12-310001527166us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembercg:MeasurementInputRecoveryRateMembercg:ValuationTechniqueDiscountedCashFlowWithConsensusPricingMembercg:SubordinatedNotesAndPreferredSharesMember2022-12-310001527166cg:GlobalPrivateEquitySegmentMember2023-03-310001527166cg:GlobalPrivateEquitySegmentMember2022-12-310001527166cg:GlobalCreditSegmentMember2023-03-310001527166cg:GlobalCreditSegmentMember2022-12-310001527166cg:GlobalInvestmentSolutionsSegmentMember2023-03-310001527166cg:GlobalInvestmentSolutionsSegmentMember2022-12-310001527166cg:AccruedPerformanceAllocationsMembercg:CarlylePartnersVIL.P.Memberus-gaap:CustomerConcentrationRiskMember2023-01-012023-03-31cg:financingVehicle0001527166cg:AccruedPerformanceAllocationsMembercg:CarlylePartnersVIL.P.Memberus-gaap:CustomerConcentrationRiskMember2022-01-012022-12-31cg:fund0001527166cg:NGPManagementCompanyLLCMembercg:GlobalPrivateEquitySegmentMember2023-03-310001527166cg:NGPManagementCompanyLLCMembercg:GlobalPrivateEquitySegmentMember2022-12-310001527166cg:GlobalCreditSegmentMembercg:FortitudeGroupHoldingsLLCMember2023-03-310001527166cg:GlobalCreditSegmentMembercg:FortitudeGroupHoldingsLLCMember2022-12-310001527166cg:FortitudeGroupHoldingsLLCMember2018-11-132018-11-130001527166cg:FortitudeReinsuranceCompanyLtd.fkaDSAReinsuranceCompanyLtdMembercg:FortitudeGroupHoldingsLLCMember2018-11-132018-11-130001527166cg:FortitudeGroupHoldingsLLCMember2020-05-310001527166cg:FortitudeGroupHoldingsLLCMember2020-05-012020-05-310001527166srt:ScenarioForecastMembercg:FortitudeGroupHoldingsLLCMember2023-12-012023-12-310001527166cg:FortitudeGroupHoldingsLLCMembercg:CarlyleFRLMember2020-06-022020-06-020001527166cg:FortitudeGroupHoldingsLLCMembercg:TDUnitedCapitalCoLtdMember2020-06-022020-06-020001527166cg:FortitudeGroupHoldingsLLCMembercg:CarlyleFRLMember2020-06-022020-06-020001527166cg:FortitudeGroupHoldingsLLCMembercg:CarlyleFRLAndTDMember2020-06-022020-06-020001527166cg:CarlyleFRLMember2022-03-012022-03-310001527166cg:TDUnitedCapitalCoLtdMembercg:CarlyleFRLMember2022-03-012022-03-310001527166cg:CarlyleFRLMember2022-05-012022-05-310001527166srt:MaximumMembercg:CarlyleFRLMembercg:FortitudeGroupHoldingsLLCMember2022-05-012022-05-310001527166srt:MinimumMembercg:CarlyleFRLMembercg:FortitudeGroupHoldingsLLCMember2022-05-012022-05-310001527166cg:CarlyleFRLMembercg:FortitudeGroupHoldingsLLCMember2023-01-012023-03-310001527166cg:CarlyleFRLMember2023-01-012023-03-310001527166cg:CarlyleFRLMember2023-03-310001527166cg:FortitudeReinsuranceCompanyLtd.fkaDSAReinsuranceCompanyLtdMembercg:FortitudeGroupHoldingsLLCMembersrt:MaximumMember2023-03-310001527166cg:NGPManagementMembercg:ManagementFeeRelatedRevenuesMember2023-01-012023-03-310001527166cg:NGPManagementMember2023-01-012023-03-310001527166cg:NGPManagementMember2023-03-310001527166cg:NGPManagementMember2022-12-310001527166cg:NGPGeneralPartnersMember2023-03-310001527166cg:NGPGeneralPartnersMember2022-12-310001527166cg:NGPFundsMember2023-03-310001527166cg:NGPFundsMember2022-12-310001527166srt:MinimumMembercg:NGPManagementCompanyLLCMember2023-01-012023-03-310001527166srt:MaximumMembercg:NGPManagementCompanyLLCMember2023-01-012023-03-310001527166cg:NGPManagementCompanyLLCMember2023-01-012023-03-310001527166cg:NGPManagementCompanyLLCMember2022-01-012022-03-310001527166cg:CLOSeniorAndSubordinatedNotesAndDerivativeInstrumentsMember2023-03-310001527166cg:CLOSeniorAndSubordinatedNotesAndDerivativeInstrumentsMember2022-12-310001527166cg:TCGBDCIncMember2023-03-310001527166cg:TCGBDCIncMember2022-12-310001527166cg:PerformanceAllocationsRealizedMember2023-01-012023-03-310001527166cg:PerformanceAllocationsRealizedMember2022-01-012022-03-310001527166cg:PerformanceAllocationsUnrealizedMember2023-01-012023-03-310001527166cg:PerformanceAllocationsUnrealizedMember2022-01-012022-03-310001527166cg:PrincipalInvestmentIncomeLossRealizedEquityMethodInvestmentsMember2023-01-012023-03-310001527166cg:PrincipalInvestmentIncomeLossRealizedEquityMethodInvestmentsMember2022-01-012022-03-310001527166cg:PrincipalInvestmentIncomeLossUnrealizedEquityMethodInvestmentsMember2023-01-012023-03-310001527166cg:PrincipalInvestmentIncomeLossUnrealizedEquityMethodInvestmentsMember2022-01-012022-03-310001527166cg:PrincipalInvestmentIncomeLossEquityMethodInvestmentsMember2023-01-012023-03-310001527166cg:PrincipalInvestmentIncomeLossEquityMethodInvestmentsMember2022-01-012022-03-310001527166cg:PrincipalInvestmentIncomeLossRealizedCLOsMember2023-01-012023-03-310001527166cg:PrincipalInvestmentIncomeLossRealizedCLOsMember2022-01-012022-03-310001527166cg:PrincipalInvestmentIncomeLossUnrealizedCLOsMember2023-01-012023-03-310001527166cg:PrincipalInvestmentIncomeLossUnrealizedCLOsMember2022-01-012022-03-310001527166cg:PrincipalInvestmentIncomeLossCLOsAndOtherInvestmentsMember2023-01-012023-03-310001527166cg:PrincipalInvestmentIncomeLossCLOsAndOtherInvestmentsMember2022-01-012022-03-310001527166cg:PrincipalInvestmentIncomeLossUnrealizedCLOsMembercg:CorporateInvestmentMember2023-01-012023-03-310001527166cg:GlobalPrivateEquitySegmentMember2023-01-012023-03-310001527166cg:GlobalPrivateEquitySegmentMember2022-01-012022-03-310001527166cg:GlobalCreditSegmentMember2023-01-012023-03-310001527166cg:GlobalCreditSegmentMember2022-01-012022-03-310001527166cg:GlobalInvestmentSolutionsSegmentMember2023-01-012023-03-310001527166cg:GlobalInvestmentSolutionsSegmentMember2022-01-012022-03-310001527166cg:PerformanceFeeRevenueMemberus-gaap:CustomerConcentrationRiskMember2023-01-012023-03-310001527166cg:CarlylePartnersVIILPMembercg:PerformanceFeeRevenueMemberus-gaap:CustomerConcentrationRiskMember2023-01-012023-03-310001527166cg:PerformanceFeeRevenueMemberus-gaap:CustomerConcentrationRiskMembercg:CarlyleEuropePartnersVLPMember2023-01-012023-03-310001527166cg:PerformanceFeeRevenueMembercg:CarlyleUSEquityOpportunitiesFundIILPMemberus-gaap:CustomerConcentrationRiskMember2023-01-012023-03-310001527166cg:PerformanceFeeRevenueMembercg:CarlyleCreditOpportunitiesFundIILPMemberus-gaap:CustomerConcentrationRiskMember2023-01-012023-03-310001527166cg:AlpInvestASFVIIMembercg:PerformanceFeeRevenueMemberus-gaap:CustomerConcentrationRiskMember2023-01-012023-03-310001527166cg:PerformanceFeeRevenueMemberus-gaap:CustomerConcentrationRiskMembercg:CarlyleAsiaPartnersVLPMember2023-01-012023-03-310001527166cg:CarlyleInternationalEnergyPartnersIMembercg:PerformanceFeeRevenueMemberus-gaap:CustomerConcentrationRiskMember2023-01-012023-03-310001527166cg:PerformanceFeeRevenueMembercg:CarlylePartnersVIL.P.Memberus-gaap:CustomerConcentrationRiskMember2023-01-012023-03-310001527166cg:PerformanceFeeRevenueMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-03-310001527166cg:PerformanceFeeRevenueMemberus-gaap:CustomerConcentrationRiskMembercg:CarlyleRealtyPartnersVIIILPMember2022-01-012022-03-310001527166cg:CarlylePartnersVIILPMembercg:PerformanceFeeRevenueMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-03-310001527166cg:CarlyleInternationalEnergyPartnersIMembercg:PerformanceFeeRevenueMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-03-310001527166cg:PerformanceFeeRevenueMemberus-gaap:CustomerConcentrationRiskMembercg:CarlyleEuropePartnersIVLPMember2022-01-012022-03-310001527166cg:PrincipalInvestmentIncomeLossEquityMethodInvestmentsMembercg:GlobalPrivateEquitySegmentMember2023-01-012023-03-310001527166cg:PrincipalInvestmentIncomeLossEquityMethodInvestmentsMembercg:GlobalPrivateEquitySegmentMember2022-01-012022-03-310001527166cg:GlobalCreditSegmentMembercg:PrincipalInvestmentIncomeLossEquityMethodInvestmentsMember2023-01-012023-03-310001527166cg:GlobalCreditSegmentMembercg:PrincipalInvestmentIncomeLossEquityMethodInvestmentsMember2022-01-012022-03-310001527166cg:PrincipalInvestmentIncomeLossEquityMethodInvestmentsMembercg:GlobalInvestmentSolutionsSegmentMember2023-01-012023-03-310001527166cg:PrincipalInvestmentIncomeLossEquityMethodInvestmentsMembercg:GlobalInvestmentSolutionsSegmentMember2022-01-012022-03-310001527166cg:CLOTermLoansMember2023-03-310001527166cg:CLOTermLoansMember2022-12-310001527166cg:A5.625SeniorNotesDue2043Member2023-03-310001527166cg:A5.625SeniorNotesDue2043Member2022-12-310001527166cg:A5.650SeniorNotesDue2048Member2023-03-310001527166cg:A5.650SeniorNotesDue2048Member2022-12-310001527166cg:SeniorNotes3.500Due2029Member2023-03-310001527166cg:SeniorNotes3.500Due2029Member2022-12-310001527166cg:SubordinatedNotesDueMay2061Member2023-03-310001527166cg:SubordinatedNotesDueMay2061Member2022-12-310001527166us-gaap:RevolvingCreditFacilityMemberus-gaap:BaseRateMember2023-01-012023-03-310001527166us-gaap:RevolvingCreditFacilityMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember2023-01-012023-03-310001527166us-gaap:LondonInterbankOfferedRateLIBORMemberus-gaap:RevolvingCreditFacilityMember2023-01-012023-03-310001527166us-gaap:RevolvingCreditFacilityMember2022-03-310001527166us-gaap:RevolvingCreditFacilityMemberus-gaap:BaseRateMember2022-01-012022-03-310001527166us-gaap:LondonInterbankOfferedRateLIBORMemberus-gaap:RevolvingCreditFacilityMember2022-01-012022-03-310001527166us-gaap:RevolvingCreditFacilityMember2023-01-012023-03-310001527166cg:GlobalCreditRevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMember2023-03-310001527166cg:GlobalCreditRevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:BaseRateMember2018-12-172018-12-170001527166cg:GlobalCreditRevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:EurodollarMember2018-12-172018-12-170001527166cg:GlobalCreditRevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMember2023-01-012023-03-310001527166cg:CLOTermLoansMember2023-01-012023-03-310001527166cg:CLOTermLoanMaturingNovember2031Member2023-03-310001527166cg:CLOTermLoanMaturingNovember2031Member2022-12-310001527166cg:CLOTermLoanMaturingNovember2031Memberus-gaap:EuriborFutureMember2023-03-310001527166cg:CLOTermLoanJune2017MaturingJuly202030Member2023-03-310001527166cg:CLOTermLoanJune2017MaturingJuly202030Member2022-12-310001527166us-gaap:LondonInterbankOfferedRateLIBORMembercg:CLOTermLoanJune2017MaturingJuly202030Member2023-03-310001527166cg:CLOTermLoanDecember2017MaturingJanuary152031Member2023-03-310001527166cg:CLOTermLoanDecember2017MaturingJanuary152031Member2022-12-310001527166cg:CLOTermLoanDecember2017MaturingJanuary152031Memberus-gaap:LondonInterbankOfferedRateLIBORMember2023-03-310001527166cg:CLOTermLoanMarch2019MaturingMarch2032Member2023-03-310001527166cg:CLOTermLoanMarch2019MaturingMarch2032Member2022-12-310001527166cg:CLOTermLoanMarch2019MaturingMarch2032Membercg:AverageEffectiveInterestRateMember2023-03-310001527166cg:CLOTermLoanAugust2019MaturingAugust2032Member2023-03-310001527166cg:CLOTermLoanAugust2019MaturingAugust2032Member2022-12-310001527166cg:AverageEffectiveInterestRateMembercg:CLOTermLoanAugust2019MaturingAugust2032Member2023-03-310001527166cg:CLOTermLoanEffectiveSeptember2020MaturingApril2033Member2023-03-310001527166cg:CLOTermLoanEffectiveSeptember2020MaturingApril2033Member2022-12-310001527166cg:CLOTermLoanEffectiveSeptember2020MaturingApril2033Membercg:AverageEffectiveInterestRateMember2023-03-310001527166cg:CLOTermLoan2021MaturingJanuary2034Member2023-03-310001527166cg:CLOTermLoan2021MaturingJanuary2034Member2022-12-310001527166cg:CLOTermLoan2021MaturingJanuary2034Membercg:AverageEffectiveInterestRateMember2023-03-310001527166cg:CLOTermLoanMaturingAugust2030Member2023-03-310001527166cg:CLOTermLoanMaturingAugust2030Member2022-12-310001527166cg:AverageEffectiveInterestRateMembercg:CLOTermLoanMaturingAugust2030Member2023-03-310001527166cg:CLOTermLoanMarch2021MaturingMarch2032Member2023-03-310001527166cg:CLOTermLoanMarch2021MaturingMarch2032Member2022-12-310001527166cg:CLOTermLoanMarch2021MaturingMarch2032Membercg:AverageEffectiveInterestRateMember2023-03-310001527166cg:CLOTermLoan2021MaturingApril2033Member2023-03-310001527166cg:CLOTermLoan2021MaturingApril2033Member2022-12-310001527166cg:CLOTermLoan2021MaturingApril2033Membercg:AverageEffectiveInterestRateMember2023-03-310001527166cg:CLOTermLoanMay2021MaturingNovember2031Member2023-03-310001527166cg:CLOTermLoanMay2021MaturingNovember2031Member2022-12-310001527166cg:AverageEffectiveInterestRateMembercg:CLOTermLoanMay2021MaturingNovember2031Member2023-03-310001527166cg:CLOTermLoanJune2021MaturingJanuary2034Member2023-03-310001527166cg:CLOTermLoanJune2021MaturingJanuary2034Member2022-12-310001527166cg:CLOTermLoanJune2021MaturingJanuary2034Membercg:AverageEffectiveInterestRateMember2023-03-310001527166cg:CLOTermLoanJune2021MaturingNovember2031Member2023-03-310001527166cg:CLOTermLoanJune2021MaturingNovember2031Member2022-12-310001527166cg:CLOTermLoanJune2021MaturingNovember2031Membercg:AverageEffectiveInterestRateMember2023-03-310001527166cg:CLOTermLoanJuly2021MaturingJuly152034Member2023-03-310001527166cg:CLOTermLoanJuly2021MaturingJuly152034Member2022-12-310001527166cg:AverageEffectiveInterestRateMembercg:CLOTermLoanJuly2021MaturingJuly152034Member2023-03-310001527166cg:CLOTermLoanJuly2021MaturingJuly202031Member2023-03-310001527166cg:CLOTermLoanJuly2021MaturingJuly202031Member2022-12-310001527166cg:CLOTermLoanJuly2021MaturingJuly202031Membercg:AverageEffectiveInterestRateMember2023-03-310001527166cg:CLOTermLoanAugust2021MaturingAugust2032Member2023-03-310001527166cg:CLOTermLoanAugust2021MaturingAugust2032Member2022-12-310001527166cg:CLOTermLoanAugust2021MaturingAugust2032Membercg:AverageEffectiveInterestRateMember2023-03-310001527166cg:CLOTermLoanOctober2021MaturingOctober2035Member2023-03-310001527166cg:CLOTermLoanOctober2021MaturingOctober2035Member2022-12-310001527166cg:AverageEffectiveInterestRateMembercg:CLOTermLoanOctober2021MaturingOctober2035Member2023-03-310001527166cg:CLOTermLoanNovember2021MaturingJanuary2034Member2023-03-310001527166cg:CLOTermLoanNovember2021MaturingJanuary2034Member2022-12-310001527166cg:AverageEffectiveInterestRateMembercg:CLOTermLoanNovember2021MaturingJanuary2034Member2023-03-310001527166cg:CLOTermLoanJanuary2022MaturingFebruary152035Member2023-03-310001527166cg:CLOTermLoanJanuary2022MaturingFebruary152035Member2022-12-310001527166cg:AverageEffectiveInterestRateMembercg:CLOTermLoanJanuary2022MaturingFebruary152035Member2023-03-310001527166cg:CLOTermLoanFebruary2022MaturingNovember102035Member2023-03-310001527166cg:CLOTermLoanFebruary2022MaturingNovember102035Member2022-12-310001527166cg:AverageEffectiveInterestRateMembercg:CLOTermLoanFebruary2022MaturingNovember102035Member2023-03-310001527166cg:CLOTermLoanJuly2022MaturingJanuary132035Member2023-03-310001527166cg:CLOTermLoanJuly2022MaturingJanuary132035Member2022-12-310001527166cg:AverageEffectiveInterestRateMembercg:CLOTermLoanJuly2022MaturingJanuary132035Member2023-03-310001527166cg:CLOTermLoanOctober2022MaturingOctober2035Member2023-03-310001527166cg:CLOTermLoanOctober2022MaturingOctober2035Member2022-12-310001527166cg:AverageEffectiveInterestRateMembercg:CLOTermLoanOctober2022MaturingOctober2035Member2023-03-31iso4217:EUR0001527166cg:CLOTermLoanVariousMembercg:AverageEffectiveInterestRateMember2023-01-012023-03-310001527166us-gaap:LondonInterbankOfferedRateLIBORMembercg:CLOTermLoanJune2017MaturingJuly202030Member2023-01-012023-03-310001527166cg:CLOTermLoanDecember2017MaturingJanuary152031Memberus-gaap:LondonInterbankOfferedRateLIBORMember2023-01-012023-03-310001527166cg:CLOTermLoansMember2022-01-012022-03-310001527166cg:CLOTermLoanMaturingNovember2031Member2017-02-280001527166cg:MasterCreditAgreementsTermLoansMember2023-03-310001527166cg:CLOFinancingFacilityMember2019-02-050001527166cg:CLOFinancingFacilityMember2023-03-310001527166cg:CBAMCLOFinancingFacilityMember2023-03-310001527166us-gaap:SeniorNotesMember2023-01-012023-03-310001527166cg:A5.625SeniorNotesDue2043Memberus-gaap:SeniorNotesMember2023-03-310001527166cg:A5.625SeniorNotesDue2043Memberus-gaap:SeniorNotesMember2022-12-310001527166cg:A5.625SeniorNotesDue2043Memberus-gaap:SeniorNotesMember2023-01-012023-03-310001527166cg:A5.625SeniorNotesDue2043Memberus-gaap:SeniorNotesMember2022-01-012022-03-310001527166cg:A5.650SeniorNotesDue2048Memberus-gaap:SeniorNotesMember2023-03-310001527166cg:A5.650SeniorNotesDue2048Memberus-gaap:SeniorNotesMember2022-12-310001527166cg:A5.650SeniorNotesDue2048Memberus-gaap:SeniorNotesMember2023-01-012023-03-310001527166cg:A5.650SeniorNotesDue2048Memberus-gaap:SeniorNotesMember2022-01-012022-03-310001527166cg:SeniorNotes3.500Due2029Memberus-gaap:SeniorNotesMember2023-03-310001527166cg:SeniorNotes3.500Due2029Memberus-gaap:SeniorNotesMember2022-12-310001527166cg:SeniorNotes3.500Due2029Memberus-gaap:SeniorNotesMember2023-01-012023-03-310001527166cg:SeniorNotes3.500Due2029Memberus-gaap:SeniorNotesMember2022-01-012022-03-310001527166cg:A5.625SeniorNotesDue2043Memberus-gaap:SeniorNotesMember2013-03-310001527166cg:A5.625SeniorNotesDue2043Memberus-gaap:SeniorNotesMember2014-03-310001527166cg:A5.650SeniorNotesDue2048Memberus-gaap:SeniorNotesMember2018-09-300001527166cg:SeniorNotes3.500Due2029Memberus-gaap:SeniorNotesMember2019-09-300001527166us-gaap:SeniorNotesMember2023-01-012023-03-310001527166cg:TreasuryRateMembercg:A5.625SeniorNotesDue2043Memberus-gaap:SeniorNotesMember2023-01-012023-03-310001527166cg:TreasuryRateMembercg:A5.650SeniorNotesDue2048Memberus-gaap:SeniorNotesMember2023-01-012023-03-310001527166cg:TreasuryRateMembercg:SeniorNotes3.500Due2029Memberus-gaap:SeniorNotesMember2023-01-012023-03-310001527166cg:SubordinatedNotesDueMay2061Member2021-05-310001527166cg:SubordinatedNotesDueMay2061Member2021-06-300001527166cg:SubordinatedNotesDueMay2061Member2023-01-012023-03-310001527166cg:SubordinatedNotesDueMay2061Member2022-01-012022-03-310001527166cg:SeniorSecuredNotesMember2023-03-310001527166cg:SeniorSecuredNotesMember2023-01-012023-03-310001527166cg:SubordinatedNotesMember2023-03-310001527166cg:SubordinatedNotesMember2023-01-012023-03-310001527166cg:LoansPayableOfConsolidatedFundsMember2023-03-310001527166cg:SeniorSecuredNotesMember2022-12-310001527166cg:SeniorSecuredNotesMember2022-01-012022-12-310001527166cg:SubordinatedNotesMember2022-12-310001527166cg:SubordinatedNotesMember2022-01-012022-12-310001527166cg:LoansPayableOfConsolidatedFundsMember2022-12-310001527166cg:CarlyleAviationPartnersLtdfkaApolloAviationGroupMember2019-12-310001527166cg:CarlyleAviationPartnersLtdfkaApolloAviationGroupMember2023-01-012023-03-310001527166cg:CarlyleAviationPartnersLtdfkaApolloAviationGroupMember2023-03-310001527166cg:AbingworthMember2023-03-310001527166cg:FinancialGuaranteeEmployeeCreditFacilityMember2023-03-310001527166cg:ContingentObligationsGivebackMember2023-03-31cg:employee0001527166us-gaap:IndemnificationGuaranteeMember2021-08-31iso4217:BRL0001527166us-gaap:IndemnificationGuaranteeMember2023-03-310001527166srt:AffiliatedEntityMember2023-03-310001527166srt:AffiliatedEntityMember2022-12-310001527166srt:AffiliatedEntityMemberus-gaap:PrimeRateMember2023-03-3100015271662020-01-012020-01-0100015271662020-01-010001527166cg:CarlyleSecuredLendingIncMembersrt:AffiliatedEntityMember2020-05-052020-05-050001527166cg:CarlyleSecuredLendingIncMembersrt:AffiliatedEntityMember2020-05-050001527166cg:CarlyleSecuredLendingIncMembersrt:AffiliatedEntityMember2023-01-012023-03-310001527166cg:CarlyleSecuredLendingIncMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527166us-gaap:FairValueInputsLevel3Membercg:BDCPreferredSharesMember2023-03-310001527166us-gaap:FairValueInputsLevel3Membercg:BDCPreferredSharesMember2022-12-310001527166cg:NonCarlyleInterestsInConsolidatedFundsMember2023-03-310001527166cg:NonCarlyleInterestsInConsolidatedFundsMember2022-12-310001527166cg:NonCarlyleMajorityOwnedSubsidiariesMember2023-03-310001527166cg:NonCarlyleMajorityOwnedSubsidiariesMember2022-12-310001527166cg:CarriedInterestAndCashHeldForCarriedInterestDistributionsMember2023-03-310001527166cg:CarriedInterestAndCashHeldForCarriedInterestDistributionsMember2022-12-310001527166cg:NonCarlyleInterestsInConsolidatedFundsMember2023-01-012023-03-310001527166cg:NonCarlyleInterestsInConsolidatedFundsMember2022-01-012022-03-310001527166cg:NonCarlyleMajorityOwnedSubsidiariesMember2023-01-012023-03-310001527166cg:NonCarlyleMajorityOwnedSubsidiariesMember2022-01-012022-03-310001527166cg:CarriedInterestAndCashHeldForCarriedInterestDistributionsMember2023-01-012023-03-310001527166cg:CarriedInterestAndCashHeldForCarriedInterestDistributionsMember2022-01-012022-03-310001527166cg:OutstandingCommonStockMember2023-01-012023-03-310001527166cg:RestrictedCommonUnitsMember2023-01-012023-03-310001527166cg:CommonStockAndPerformanceVestingRestrictedStockUnitsMember2023-01-012023-03-310001527166cg:OutstandingCommonStockMember2022-01-012022-03-310001527166cg:RestrictedCommonUnitsMember2022-01-012022-03-310001527166cg:CommonStockAndPerformanceVestingRestrictedStockUnitsMember2022-01-012022-03-3100015271662021-10-3100015271662023-02-280001527166cg:ManagementContractsFromCBAMPartnersLLCMember2022-03-012022-03-3100015271662021-10-012021-10-3100015271662022-05-172022-05-1700015271662022-08-162022-08-1600015271662022-11-252022-11-2500015271662023-03-012023-03-0100015271662022-05-172023-03-010001527166us-gaap:SubsequentEventMember2023-05-232023-05-230001527166us-gaap:SubsequentEventMember2023-01-012023-05-2300015271662021-06-010001527166us-gaap:RestrictedStockUnitsRSUMember2022-12-310001527166cg:UnvestedCommonSharesMember2022-12-310001527166us-gaap:RestrictedStockUnitsRSUMember2023-01-012023-03-310001527166cg:UnvestedCommonSharesMember2023-01-012023-03-310001527166us-gaap:RestrictedStockUnitsRSUMember2023-03-310001527166cg:UnvestedCommonSharesMember2023-03-310001527166srt:ChiefExecutiveOfficerMemberus-gaap:RestrictedStockUnitsRSUMember2023-01-012023-03-310001527166us-gaap:RestrictedStockUnitsRSUMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalPrivateEquitySegmentMembercg:FundManagementFeeMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalCreditSegmentMembercg:FundManagementFeeMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:FundManagementFeeMembercg:GlobalInvestmentSolutionsSegmentMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:FundManagementFeeMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalPrivateEquitySegmentMemberus-gaap:InvestmentAdviceMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalCreditSegmentMemberus-gaap:InvestmentAdviceMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalInvestmentSolutionsSegmentMemberus-gaap:InvestmentAdviceMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMemberus-gaap:InvestmentAdviceMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalPrivateEquitySegmentMembercg:FeeRelatedPerformanceRevenuesMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalCreditSegmentMembercg:FeeRelatedPerformanceRevenuesMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:FeeRelatedPerformanceRevenuesMembercg:GlobalInvestmentSolutionsSegmentMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:FeeRelatedPerformanceRevenuesMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalPrivateEquitySegmentMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalCreditSegmentMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalInvestmentSolutionsSegmentMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:PerformanceAllocationsMembercg:GlobalPrivateEquitySegmentMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalCreditSegmentMembercg:PerformanceAllocationsMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:PerformanceAllocationsMembercg:GlobalInvestmentSolutionsSegmentMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:PerformanceAllocationsMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalPrivateEquitySegmentMembercg:PrincipalInvestmentIncomeLossMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalCreditSegmentMembercg:PrincipalInvestmentIncomeLossMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalInvestmentSolutionsSegmentMembercg:PrincipalInvestmentIncomeLossMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:PrincipalInvestmentIncomeLossMember2023-01-012023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalPrivateEquitySegmentMember2023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalCreditSegmentMember2023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalInvestmentSolutionsSegmentMember2023-03-310001527166us-gaap:OperatingSegmentsMember2023-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalPrivateEquitySegmentMembercg:FundManagementFeeMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalCreditSegmentMembercg:FundManagementFeeMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:FundManagementFeeMembercg:GlobalInvestmentSolutionsSegmentMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:FundManagementFeeMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalPrivateEquitySegmentMemberus-gaap:InvestmentAdviceMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalCreditSegmentMemberus-gaap:InvestmentAdviceMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalInvestmentSolutionsSegmentMemberus-gaap:InvestmentAdviceMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMemberus-gaap:InvestmentAdviceMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalPrivateEquitySegmentMembercg:FeeRelatedPerformanceRevenuesMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalCreditSegmentMembercg:FeeRelatedPerformanceRevenuesMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:FeeRelatedPerformanceRevenuesMembercg:GlobalInvestmentSolutionsSegmentMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:FeeRelatedPerformanceRevenuesMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalPrivateEquitySegmentMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalCreditSegmentMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalInvestmentSolutionsSegmentMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:PerformanceAllocationsMembercg:GlobalPrivateEquitySegmentMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalCreditSegmentMembercg:PerformanceAllocationsMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:PerformanceAllocationsMembercg:GlobalInvestmentSolutionsSegmentMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:PerformanceAllocationsMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalPrivateEquitySegmentMembercg:PrincipalInvestmentIncomeLossMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalCreditSegmentMembercg:PrincipalInvestmentIncomeLossMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:GlobalInvestmentSolutionsSegmentMembercg:PrincipalInvestmentIncomeLossMember2022-01-012022-03-310001527166us-gaap:OperatingSegmentsMembercg:PrincipalInvestmentIncomeLossMember2022-01-012022-03-310001527166cg:ConsolidatedFundsMembersrt:ReportableLegalEntitiesMember2023-01-012023-03-310001527166us-gaap:MaterialReconcilingItemsMember2023-01-012023-03-310001527166cg:ConsolidatedFundsMembersrt:ReportableLegalEntitiesMember2023-03-310001527166us-gaap:MaterialReconcilingItemsMember2023-03-310001527166cg:ConsolidatedFundsMembersrt:ReportableLegalEntitiesMember2022-01-012022-03-310001527166us-gaap:MaterialReconcilingItemsMember2022-01-012022-03-310001527166srt:ConsolidationEliminationsMember2023-01-012023-03-310001527166srt:ConsolidationEliminationsMember2022-01-012022-03-310001527166cg:PrincipalInvestmentIncomeLossUnrealizedMemberus-gaap:MaterialReconcilingItemsMember2023-01-012023-03-310001527166cg:PrincipalInvestmentIncomeLossUnrealizedMemberus-gaap:MaterialReconcilingItemsMember2022-01-012022-03-310001527166us-gaap:IntersegmentEliminationMembercg:PerformanceAllocationsMember2023-01-012023-03-310001527166us-gaap:IntersegmentEliminationMember2023-01-012023-03-310001527166us-gaap:IntersegmentEliminationMembercg:PrincipalInvestmentIncomeLossMember2023-01-012023-03-310001527166us-gaap:IntersegmentEliminationMembercg:PerformanceAllocationsMember2022-01-012022-03-310001527166us-gaap:IntersegmentEliminationMember2022-01-012022-03-310001527166us-gaap:IntersegmentEliminationMembercg:PrincipalInvestmentIncomeLossMember2022-01-012022-03-310001527166us-gaap:SubsequentEventMember2023-05-310001527166srt:ReportableLegalEntitiesMembercg:ConsolidatedOperatingEntitiesMember2023-03-310001527166srt:ConsolidationEliminationsMember2023-03-310001527166srt:ReportableLegalEntitiesMembercg:ConsolidatedOperatingEntitiesMember2022-12-310001527166cg:ConsolidatedFundsMembersrt:ReportableLegalEntitiesMember2022-12-310001527166srt:ConsolidationEliminationsMember2022-12-310001527166srt:ReportableLegalEntitiesMembercg:FundManagementFeeMembercg:ConsolidatedOperatingEntitiesMember2023-01-012023-03-310001527166cg:ConsolidatedFundsMembersrt:ReportableLegalEntitiesMembercg:FundManagementFeeMember2023-01-012023-03-310001527166cg:FundManagementFeeMembersrt:ConsolidationEliminationsMember2023-01-012023-03-310001527166cg:IncentiveFeeMembersrt:ReportableLegalEntitiesMembercg:ConsolidatedOperatingEntitiesMember2023-01-012023-03-310001527166cg:IncentiveFeeMembercg:ConsolidatedFundsMembersrt:ReportableLegalEntitiesMember2023-01-012023-03-310001527166cg:IncentiveFeeMembersrt:ConsolidationEliminationsMember2023-01-012023-03-310001527166cg:PerformanceAllocationsMembersrt:ReportableLegalEntitiesMembercg:ConsolidatedOperatingEntitiesMember2023-01-012023-03-310001527166cg:ConsolidatedFundsMembercg:PerformanceAllocationsMembersrt:ReportableLegalEntitiesMember2023-01-012023-03-310001527166cg:PerformanceAllocationsMembersrt:ConsolidationEliminationsMember2023-01-012023-03-310001527166srt:ReportableLegalEntitiesMembercg:PrincipalInvestmentIncomeLossMembercg:ConsolidatedOperatingEntitiesMember2023-01-012023-03-310001527166cg:ConsolidatedFundsMembersrt:ReportableLegalEntitiesMembercg:PrincipalInvestmentIncomeLossMember2023-01-012023-03-310001527166srt:ConsolidationEliminationsMembercg:PrincipalInvestmentIncomeLossMember2023-01-012023-03-310001527166srt:ReportableLegalEntitiesMembercg:ConsolidatedOperatingEntitiesMember2023-01-012023-03-310001527166srt:ReportableLegalEntitiesMembercg:FundManagementFeeMembercg:ConsolidatedOperatingEntitiesMember2022-01-012022-03-310001527166cg:ConsolidatedFundsMembersrt:ReportableLegalEntitiesMembercg:FundManagementFeeMember2022-01-012022-03-310001527166cg:FundManagementFeeMembersrt:ConsolidationEliminationsMember2022-01-012022-03-310001527166cg:IncentiveFeeMembersrt:ReportableLegalEntitiesMembercg:ConsolidatedOperatingEntitiesMember2022-01-012022-03-310001527166cg:IncentiveFeeMembercg:ConsolidatedFundsMembersrt:ReportableLegalEntitiesMember2022-01-012022-03-310001527166cg:IncentiveFeeMembersrt:ConsolidationEliminationsMember2022-01-012022-03-310001527166cg:PerformanceAllocationsMembersrt:ReportableLegalEntitiesMembercg:ConsolidatedOperatingEntitiesMember2022-01-012022-03-310001527166cg:ConsolidatedFundsMembercg:PerformanceAllocationsMembersrt:ReportableLegalEntitiesMember2022-01-012022-03-310001527166cg:PerformanceAllocationsMembersrt:ConsolidationEliminationsMember2022-01-012022-03-310001527166srt:ReportableLegalEntitiesMembercg:PrincipalInvestmentIncomeLossMembercg:ConsolidatedOperatingEntitiesMember2022-01-012022-03-310001527166cg:ConsolidatedFundsMembersrt:ReportableLegalEntitiesMembercg:PrincipalInvestmentIncomeLossMember2022-01-012022-03-310001527166srt:ConsolidationEliminationsMembercg:PrincipalInvestmentIncomeLossMember2022-01-012022-03-310001527166srt:ReportableLegalEntitiesMembercg:ConsolidatedOperatingEntitiesMember2022-01-012022-03-310001527166cg:MetropolitanRealEstateMREMembercg:ConsolidatedOperatingEntitiesMember2023-01-012023-03-310001527166cg:MetropolitanRealEstateMREMembercg:ConsolidatedOperatingEntitiesMember2022-01-012022-03-310001527166cg:ConsolidatedOperatingEntitiesMember2022-12-310001527166cg:ConsolidatedOperatingEntitiesMember2021-12-310001527166cg:ConsolidatedOperatingEntitiesMember2023-03-310001527166cg:ConsolidatedOperatingEntitiesMember2022-03-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 10-Q
 
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED March 31, 2023
OR
 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM                      TO                     
Commission File Number: 001-35538
 
The Carlyle Group Inc.
(Exact name of registrant as specified in its charter)
Delaware 45-2832612
(State or other jurisdiction of
incorporation or organization)
 (I.R.S. Employer
Identification No.)
1001 Pennsylvania Avenue, NW
Washington, DC, 20004-2505
(Address of principal executive offices) (Zip Code)
(202) 729-5626
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common StockCGThe Nasdaq Global Select Market
4.625% Subordinated Notes due 2061 of Carlyle Finance L.L.C.CGABLThe Nasdaq Global Select Market
As of May 3, 2023, there were 362,114,917 shares of common stock of the registrant outstanding.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ý    No  ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  ý    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer   Accelerated filer 
Non-accelerated filer   Smaller reporting company 
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. ¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes      No   



TABLE OF CONTENTS
 
  Page
Item 1.
Unaudited Condensed Consolidated Financial Statements – March 31, 2023 and 2022:
Item 2.
Item 3.
Item 4.
Item 1.
Item 1A.
Item 2.
Item 3.
Item 4.
Item 5.
Item 6.
 



1


Forward-Looking Statements
This report 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 regarding the performance of our business, our financial results, our liquidity and capital resources, contingencies, our dividend policy, and other non-historical statements. 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 under the sections entitled “Risk Factors” in this report and in our Annual Report on Form 10-K for the year ended December 31, 2022 filed with the United States Securities and Exchange Commission (“SEC”) on February 9, 2023, 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 report 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.

Website and Social Media Disclosure
We use our website (www.carlyle.com), our corporate Facebook page (www.facebook.com/onecarlyle), our corporate Twitter account (@OneCarlyle or www.twitter.com/onecarlyle), our corporate Instagram account (@onecarlyle or www.instagram.com/onecarlyle), our corporate LinkedIn account (www.linkedin.com/company/the-carlyle-group), our corporate YouTube channel (www.youtube.com/user/onecarlyle), and our corporate WeChat account (ID: gh_3e34f090ec20) as channels of distribution of material company information. For example, financial and other material information regarding our company is routinely posted on and accessible at www.carlyle.com. Accordingly, investors should monitor these channels, in addition to following our press releases, SEC filings and public conference calls and webcasts. In addition, you may automatically receive email alerts and other information about Carlyle when you enroll your email address by visiting the “Email Alerts” section at http://ir.carlyle.com/email-alerts. The contents of our website and social media channels are not, however, a part of this Quarterly Report on Form 10-Q and are not incorporated by reference herein.
 

On January 1, 2020, we completed our conversion from a Delaware limited partnership named The Carlyle Group L.P. into a Delaware Corporation named The Carlyle Group Inc. (the conversion, together with such restructuring steps and related transactions, the “Conversion”).
Unless the context suggests otherwise, references in this report to “Carlyle,” the “Company,” “we,” “us” and “our” refer to The Carlyle Group Inc. and its consolidated subsidiaries. When we refer to our “senior Carlyle professionals,” we are referring to the partner-level personnel of our firm. References in this report to the ownership of the senior Carlyle professionals include the ownership of personal planning vehicles of these individuals. When we refer to the “Carlyle Holdings partnerships” or “Carlyle Holdings,” we are referring to Carlyle Holdings I L.P., Carlyle Holdings II L.P., and Carlyle Holdings III L.P., which prior to the Conversion were the holding partnerships through which the Company and our senior Carlyle professionals and other holders of Carlyle Holdings partnership units owned their respective interests in our business.
“Carlyle funds,” “our funds” and “our investment funds” refer to the investment funds and vehicles advised by Carlyle.
“Carry funds” generally refers to closed-end investment vehicles, in which commitments are drawn down over a specified investment period, and in which the general partner receives a special residual allocation of income from limited partners, which we refer to as carried interest, in the event that specified investment returns are achieved by the fund. Disclosures referring to carry funds will also include the impact of certain commitments which do not earn carried interest, but are either part of or associated with our carry funds. The rate of carried interest, as well as the share of carried interest allocated to Carlyle, may vary across the carry fund platform. Carry funds generally include the following investment vehicles across our three business segments:

Global Private Equity: Buyout, middle market and growth capital, real estate, infrastructure and natural resources funds advised by Carlyle, as well as certain energy funds advised by our strategic partner NGP Energy Capital Management (“NGP”) in which Carlyle is entitled to receive a share of carried interest (“NGP Carry Funds”)


2


Global Credit: Opportunistic credit, aircraft finance, and other closed-end credit funds advised by Carlyle
Global Investment Solutions: Funds and vehicles advised by AlpInvest Partners B.V. (“AlpInvest”), which include primary fund, secondary and portfolio financing, and co-investment strategies
Carry funds specifically exclude certain legacy Abingworth funds in which Carlyle is not entitled to receive a share of carried interest, collateralized loan obligation vehicles (“CLOs”), our business development companies and associated managed accounts, as well as capital raised from a strategic third-party investor which directly invests in Fortitude (defined below) alongside a carry fund.

For an explanation of the fund acronyms used throughout this Quarterly Report on Form 10-Q, refer to “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operation – Our Global Investment Offerings.”
“Fortitude” refers to Fortitude Group Holdings, LLC (“Fortitude Holdings”) prior to October 1, 2021 and to FGH Parent, L.P. (“FGH Parent”) as of October 1, 2021. On October 1, 2021, the owners of Fortitude Holdings contributed their interests to FGH Parent such that FGH Parent became the direct parent of Fortitude Holdings. Fortitude Holdings owns 100% of the outstanding common shares of Fortitude Reinsurance Company Ltd., a Bermuda domiciled reinsurer (“Fortitude Re”). See Note 4 to the condensed consolidated financial statements in Part I, Item 1 of this Quarterly Report on Form 10-Q for more information regarding the Company’s strategic investment in Fortitude.
“Fee-earning assets under management” or “Fee-earning AUM” refers to the assets we manage or advise from which we derive recurring fund management fees. Our Fee-earning AUM is generally based on one of the following, once fees have been activated:
(a)the amount of limited partner capital commitments, generally for carry funds where the original investment period has not expired, for AlpInvest carry funds during the commitment fee period;
(b)the remaining amount of limited partner invested capital at cost, generally for carry funds and certain co-investment vehicles where the original investment period has expired, as well as one of our business development companies;
(c)the amount of aggregate fee-earning collateral balance of our CLOs and other securitization vehicles, as defined in the fund indentures (typically exclusive of equities and defaulted positions) as of the quarterly cut-off date;
(d)the external investor portion of the net asset value of certain carry funds;
(e)the fair value of Fortitude’s general account assets invested under the strategic advisory services agreement;
(f)the gross assets (including assets acquired with leverage), excluding cash and cash equivalents, of one of our business development companies and certain carry funds; or
(g)the lower of cost or fair value of invested capital, generally for AlpInvest carry funds where the commitment fee period has expired and certain carry funds where the investment period has expired.
“Assets under management” or “AUM” refers to the assets we manage or advise. Our AUM generally equals the sum of the following:
(a)    the aggregate fair value of our carry funds and related co-investment vehicles, and separately managed accounts, plus the capital that Carlyle is entitled to call from investors in those funds and vehicles (including Carlyle commitments to those funds and vehicles and those of senior Carlyle professionals and employees) pursuant to the terms of their capital commitments to those funds and vehicles;
(b)     the amount of aggregate collateral balance and principal cash or aggregate principal amount of the notes of our CLOs and other structured products (inclusive of all positions);
(c)     the net asset value of certain carry funds;
(d)    the fair value of Fortitude’s general account assets covered by the strategic advisory services agreement; and
(e)     the gross assets (including assets acquired with leverage) of our business development companies, plus the capital that Carlyle is entitled to call from investors in those vehicles pursuant to the terms of their capital commitments to those vehicles.
We include in our calculation of AUM and Fee-earning AUM certain energy and renewable resources funds that we jointly advise with Riverstone Holdings L.L.C. (“Riverstone”) and the NGP Carry Funds that are advised by NGP. Our


3


calculation of AUM also includes third-party capital raised for the investment in Fortitude through a Carlyle-affiliated investment fund and from a strategic investor which directly invests in Fortitude alongside the fund. The total AUM and Fee-earning AUM related to the strategic advisory services agreement with Fortitude is inclusive of the net asset value of investments in Carlyle products. These amounts are also reflected in the AUM and Fee-earning AUM of the strategy in which they are invested.
For most of our carry funds, total AUM includes the fair value of the capital invested, whereas Fee-earning AUM includes the amount of capital commitments or the remaining amount of invested capital, depending on whether the original investment period for the fund has expired. As such, Fee-earning AUM may be greater than total AUM when the aggregate fair value of the remaining investments is less than the cost of those investments.
Our calculations of AUM and Fee-earning AUM may differ from the calculations of other asset managers. As a result, these measures may not be comparable to similar measures presented by other asset managers. In addition, our calculation of AUM (but not Fee-earning AUM) includes uncalled commitments to, and the fair value of invested capital in, our investment funds from Carlyle and our personnel, regardless of whether such commitments or invested capital are subject to management fees, incentive fees or performance allocations. Our calculations of AUM or Fee-earning AUM are not based on any definition of AUM or Fee-earning AUM that is set forth in the agreements governing the investment funds that we manage or advise.
“Perpetual Capital” refers to the assets we manage or advise which have an indefinite term and for which there is no immediate requirement to return capital to investors upon the realization of investments made with such capital, except as required by applicable law. Perpetual Capital may be materially reduced or terminated under certain conditions, including reductions from changes in valuations and payments to investors, including through elections by investors to redeem their investments, dividend payments, and other payment obligations, as well as the termination of or failure to renew the respective investment advisory agreements. Perpetual Capital includes: (a) assets managed under the strategic advisory services agreement with Fortitude, (b) our Core Plus real estate fund, (c) our business development companies and certain other direct lending products, (d) our Interval Fund and (e) Carlyle AlpInvest Private Markets Fund (“CAPM”), our open-ended, retail-oriented product.
“Legacy Energy Funds” include Energy III, Energy IV, and Renew II and are managed with Riverstone and its affiliates. The investment periods for these funds have expired and the remaining investments in each fund are being disposed of in the ordinary course of business. The impact of these funds is no longer significant to our results of operations.
“Metropolitan” refers to Metropolitan Real Estate Management, LLC, which was included in the Global Investment Solutions business segment prior to its sale on April 1, 2021.


4


PART I – FINANCIAL INFORMATION
 
Item 1.         Financial Statements
The Carlyle Group Inc.
Condensed Consolidated Balance Sheets
(Dollars in millions)
March 31,
2023
December 31,
2022
 (Unaudited)
Assets
Cash and cash equivalents$1,010.1 $1,360.7 
Cash and cash equivalents held at Consolidated Funds228.8 209.0 
Restricted cash16.8 0.8 
Corporate treasury investments102.0 20.0 
Investments, including accrued performance allocations of $7,134.0 million and $7,117.7 million as of March 31, 2023 and December 31, 2022, respectively
10,784.1 10,767.9 
Investments of Consolidated Funds7,067.3 6,894.4 
Due from affiliates and other receivables, net499.3 579.4 
Due from affiliates and other receivables of Consolidated Funds, net100.6 101.9 
Fixed assets, net141.8 139.9 
Lease right-of-use assets, net331.5 337.0 
Deposits and other111.1 78.4 
Intangible assets, net866.4 897.8 
Deferred tax assets14.1 15.8 
Total assets$21,273.9 $21,403.0 
Liabilities and equity
Debt obligations$2,275.6 $2,271.7 
Loans payable of Consolidated Funds6,085.9 5,905.2 
Accounts payable, accrued expenses and other liabilities304.8 369.2 
Accrued compensation and benefits3,894.2 4,320.9 
Due to affiliates314.1 362.5 
Deferred revenue411.7 126.4 
Deferred tax liabilities389.5 402.7 
Other liabilities of Consolidated Funds250.8 279.3 
Lease liabilities494.9 502.9 
Accrued giveback obligations40.9 40.9 
Total liabilities14,462.4 14,581.7 
Commitments and contingencies
Common stock, $0.01 par value, 100,000,000,000 shares authorized (362,056,444 and 362,298,650 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively)
3.6 3.6 
Additional paid-in-capital3,195.5 3,138.5 
Retained earnings3,280.9 3,401.1 
Accumulated other comprehensive loss(305.2)(322.2)
Non-controlling interests in consolidated entities636.7 600.3 
Total equity6,811.5 6,821.3 
Total liabilities and equity$21,273.9 $21,403.0 
See accompanying notes.


5


The Carlyle Group Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
(Dollars in millions, except share and per share data)
 Three Months Ended
March 31,
 20232022
Revenues
Fund management fees$500.8 $450.5 
Incentive fees19.8 14.0 
Investment income
Performance allocations160.8 710.2 
Principal investment income11.7 319.6 
Total investment income172.5 1,029.8 
Interest and other income44.0 25.8 
Interest and other income of Consolidated Funds121.9 61.7 
Total revenues859.0 1,581.8 
Expenses
Compensation and benefits
Cash-based compensation and benefits260.2 254.3 
Equity-based compensation54.4 39.7 
Performance allocations and incentive fee related compensation105.7 370.7 
Total compensation and benefits420.3 664.7 
General, administrative and other expenses159.2 106.3 
Interest29.7 27.8 
Interest and other expenses of Consolidated Funds93.7 42.8 
Other non-operating expenses0.1 0.3 
Total expenses703.0 841.9 
Other income
Net investment income of Consolidated Funds3.6 2.8 
Income before provision for income taxes159.6 742.7 
Provision for income taxes34.3 147.9 
Net income125.3 594.8 
Net income attributable to non-controlling interests in consolidated entities24.6 23.2 
Net income attributable to The Carlyle Group Inc.$100.7 $571.6 
Net income attributable to The Carlyle Group Inc. per common share (see Note 12)
Basic$0.28 $1.60 
Diluted$0.28 $1.57 
Weighted-average common shares
Basic362,944,260 357,574,838 
Diluted365,357,833 363,010,282 
Substantially all revenue is earned from affiliates of the Company. See accompanying notes.


6


The Carlyle Group Inc.
Condensed Consolidated Statements of Comprehensive Income
(Unaudited)
(Dollars in millions)
 
 Three Months Ended
March 31,
 20232022
Net income$125.3 $594.8 
Other comprehensive income (loss)
Foreign currency translation adjustments19.8 (39.8)
Defined benefit plans
Unrealized gain (loss) for the period0.3 (1.8)
Less: reclassification adjustment for gain (loss) during the period, included in cash-based compensation and benefits expense(0.1)0.3 
Other comprehensive income (loss)20.0 (41.3)
Comprehensive income145.3 553.5 
Comprehensive income attributable to non-controlling interests in consolidated entities27.6 17.4 
Comprehensive income attributable to The Carlyle Group Inc.$117.7 $536.1 
See accompanying notes.



7


The Carlyle Group Inc.
Condensed Consolidated Statements of Changes in Equity
(Unaudited)
(Dollars and shares in millions)

Common SharesCommon StockAdditional Paid-in-CapitalRetained EarningsAccumulated
Other
Comprehensive
Income (Loss)
Non-
controlling
Interests in
Consolidated
Entities
Total
Equity
Balance at December 31, 2022362.3 $3.6 $3,138.5 $3,401.1 $(322.2)$600.3 $6,821.3 
Shares repurchased(3.0)— — (100.3)— — (100.3)
Equity-based compensation— — 54.8 — — — 54.8 
Shares issued for equity-based awards2.8 — — — — — — 
Dividend-equivalent rights on certain equity-based awards— — 2.2 (2.2)— —  
Contributions— — — — — 18.7 18.7 
Dividends and distributions— — — (118.4)— (9.9)(128.3)
Net income— — — 100.7 — 24.6 125.3 
Currency translation adjustments— — — — 16.8 3.0 19.8 
Defined benefit plans, net— — — — 0.2 — 0.2 
Balance at March 31, 2023362.1 $3.6 $3,195.5 $3,280.9 $(305.2)$636.7 $6,811.5 




Common
 Shares
Common
Stock
Additional
Paid-in-
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Non-
controlling
Interests in
Consolidated
Entities
Total
Equity
Balance at December 31, 2021355.4 $3.6 $2,717.6 $2,805.3 $(247.5)$427.2 $5,706.2 
Shares repurchased(1.7)— — (80.4)— — (80.4)
Equity-based compensation— — 39.0 — — — 39.0 
Shares issued for equity-based awards3.2 — — — — — — 
Shares issued for performance allocations0.6 — 31.3 — — — 31.3 
Shares issued related to the acquisition of CBAM4.2 — 194.5 — — — 194.5 
Contributions— — — — — 146.8 146.8 
Distributions— — — (89.5)— (147.1)(236.6)
Net income— — — 571.6 — 23.2 594.8 
Currency translation adjustments— — — — (34.0)(5.8)(39.8)
Defined benefit plans, net— — — — (1.5)— (1.5)
Balance at March 31, 2022361.7 $3.6 $2,982.4 $3,207.0 $(283.0)$444.3 $6,354.3 

See accompanying notes.


8

The Carlyle Group Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(Dollars in millions)

 Three Months Ended March 31,
 20232022
Cash flows from operating activities
Net income $125.3 $594.8 
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization44.0 19.4 
Equity-based compensation54.4 39.7 
Non-cash performance allocations and incentive fees, net(36.7)(300.8)
Non-cash principal investment income(7.7)(315.3)
Other non-cash amounts10.8 5.3 
Consolidated Funds related:
Realized/unrealized (gain) loss on investments of Consolidated Funds(145.0)43.4 
Realized/unrealized (gain) loss from loans payable of Consolidated Funds141.4 (46.2)
Purchases of investments by Consolidated Funds(386.6)(1,025.9)
Proceeds from sale and settlements of investments by Consolidated Funds332.5 1,113.7 
Non-cash interest income, net