0001527166-24-000019 | 10-K | XBRL Viewer

Print Document View Excel Document

Supplemental Financial Information - Results of Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Investment income (loss)	$ 44.8	$ 1,898.0	$ 6,721.9
Interest and other income	212.1	135.9	90.7
Interest and other income of Consolidated Funds	570.1	311.0	253.2
Total revenues	2,963.9	4,438.7	8,782.1
Compensation and benefits
Cash-based compensation and benefits	1,023.7	1,052.0	908.0
Equity-based compensation	249.1	154.0	163.1
Performance allocations and incentive fee related compensation	1,103.7	719.9	2,961.0
Total compensation and benefits	2,376.5	1,925.9	4,032.1
General, administrative and other expenses	652.1	575.8	431.7
Interest	123.8	110.4	113.3
Interest and other expenses of Consolidated Funds	419.1	211.6	178.5
Other non-operating expenses	0.2	1.0	1.5
Total expenses	3,571.7	2,824.7	4,757.1
Other income (loss)
Net investment income (loss) of Consolidated Funds	6.9	(41.5)	2.5
Income (loss) before provision for income taxes	(600.9)	1,572.5	4,027.5
Provision (benefit) for income taxes	(104.2)	287.8	982.3
Net income (loss)	(496.7)	1,284.7	3,045.2
Net income attributable to non-controlling interests in consolidated entities	111.7	59.7	70.5
Net income (loss) attributable to The Carlyle Group Inc.	(608.4)	1,225.0	2,974.7
Consolidated Operating Entities
Compensation and benefits
Equity-based compensation	249.1	154.0	163.1
Other income (loss)
Net income (loss)	(579.3)	1,248.6	3,042.5
Consolidated Entities \| Consolidated Operating Entities
Revenues
Investment income (loss)	75.2	1,875.3	6,750.6
Interest and other income	222.7	154.1	112.7
Interest and other income of Consolidated Funds	0.0	0.0	0.0
Total revenues	2,468.4	4,149.9	8,603.6
Compensation and benefits
Cash-based compensation and benefits	1,023.7	1,052.0	908.0
Equity-based compensation	249.1	154.0	163.1
Performance allocations and incentive fee related compensation	1,103.7	719.9	2,961.0
Total compensation and benefits	2,376.5	1,925.9	4,032.1
General, administrative and other expenses	651.4	576.2	431.9
Interest	123.8	110.4	113.3
Interest and other expenses of Consolidated Funds	0.0	0.0	0.0
Other non-operating expenses	0.2	1.0	1.5
Total expenses	3,151.9	2,613.5	4,578.8
Other income (loss)
Net investment income (loss) of Consolidated Funds	0.0	0.0	0.0
Income (loss) before provision for income taxes	(683.5)	1,536.4	4,024.8
Provision (benefit) for income taxes	(104.2)	287.8	982.3
Net income (loss)	(579.3)	1,248.6	3,042.5
Net income attributable to non-controlling interests in consolidated entities	29.1	23.6	67.8
Net income (loss) attributable to The Carlyle Group Inc.	(608.4)	1,225.0	2,974.7
Consolidated Entities \| Consolidated Funds
Revenues
Investment income (loss)	0.0	0.0	0.0
Interest and other income	0.0	0.0	0.0
Interest and other income of Consolidated Funds	570.1	311.0	253.2
Total revenues	570.1	311.0	253.2
Compensation and benefits
Cash-based compensation and benefits	0.0	0.0	0.0
Equity-based compensation	0.0	0.0	0.0
Performance allocations and incentive fee related compensation	0.0	0.0	0.0
Total compensation and benefits	0.0	0.0	0.0
General, administrative and other expenses	0.0	0.0	0.0
Interest	0.0	0.0	0.0
Interest and other expenses of Consolidated Funds	460.3	255.3	217.8
Other non-operating expenses	0.0	0.0	0.0
Total expenses	460.3	255.3	217.8
Other income (loss)
Net investment income (loss) of Consolidated Funds	6.9	(41.5)	2.5
Income (loss) before provision for income taxes	116.7	14.2	37.9
Provision (benefit) for income taxes	0.0	0.0	0.0
Net income (loss)	116.7	14.2	37.9
Net income attributable to non-controlling interests in consolidated entities	0.0	0.0	0.0
Net income (loss) attributable to The Carlyle Group Inc.	116.7	14.2	37.9
Eliminations
Revenues
Investment income (loss)	(30.4)	22.7	(28.7)
Interest and other income	(10.6)	(18.2)	(22.0)
Interest and other income of Consolidated Funds	0.0	0.0	0.0
Total revenues	(74.6)	(22.2)	(74.7)
Compensation and benefits
Cash-based compensation and benefits	0.0	0.0	0.0
Equity-based compensation	0.0	0.0	0.0
Performance allocations and incentive fee related compensation	0.0	0.0	0.0
Total compensation and benefits	0.0	0.0	0.0
General, administrative and other expenses	0.7	(0.4)	(0.2)
Interest	0.0	0.0	0.0
Interest and other expenses of Consolidated Funds	(41.2)	(43.7)	(39.3)
Other non-operating expenses	0.0	0.0	0.0
Total expenses	(40.5)	(44.1)	(39.5)
Other income (loss)
Net investment income (loss) of Consolidated Funds	0.0	0.0	0.0
Income (loss) before provision for income taxes	(34.1)	21.9	(35.2)
Provision (benefit) for income taxes	0.0	0.0	0.0
Net income (loss)	(34.1)	21.9	(35.2)
Net income attributable to non-controlling interests in consolidated entities	82.6	36.1	2.7
Net income (loss) attributable to The Carlyle Group Inc.	(116.7)	(14.2)	(37.9)
Fund management fees
Revenues
Fund management fees and incentive fees	2,043.2	2,030.1	1,667.5
Fund management fees \| Consolidated Entities \| Consolidated Operating Entities
Revenues
Fund management fees and incentive fees	2,074.3	2,056.7	1,691.5
Fund management fees \| Consolidated Entities \| Consolidated Funds
Revenues
Fund management fees and incentive fees	0.0	0.0	0.0
Fund management fees \| Eliminations
Revenues
Fund management fees and incentive fees	(31.1)	(26.6)	(24.0)
Incentive fees
Revenues
Fund management fees and incentive fees	93.7	63.7	48.8
Incentive fees \| Consolidated Entities \| Consolidated Operating Entities
Revenues
Fund management fees and incentive fees	96.2	63.8	48.8
Incentive fees \| Consolidated Entities \| Consolidated Funds
Revenues
Fund management fees and incentive fees	0.0	0.0	0.0
Incentive fees \| Eliminations
Revenues
Fund management fees and incentive fees	(2.5)	(0.1)	0.0
Performance allocations
Revenues
Investment income (loss)	(88.6)	1,327.5	6,084.6
Compensation and benefits
Performance allocations and incentive fee related compensation	1,103.7	719.9	2,961.0
Performance allocations \| Consolidated Entities \| Consolidated Operating Entities
Revenues
Investment income (loss)	(85.0)	1,332.8	6,084.6
Performance allocations \| Consolidated Entities \| Consolidated Funds
Revenues
Investment income (loss)	0.0	0.0	0.0
Performance allocations \| Eliminations
Revenues
Investment income (loss)	(3.6)	(5.3)	0.0
Principal investment income
Revenues
Investment income (loss)	133.4	570.5	637.3
Principal investment income \| Consolidated Entities \| Consolidated Operating Entities
Revenues
Investment income (loss)	160.2	542.5	666.0
Principal investment income \| Consolidated Entities \| Consolidated Funds
Revenues
Investment income (loss)	0.0	0.0	0.0
Principal investment income \| Eliminations
Revenues
Investment income (loss)	$ (26.8)	$ 28.0	$ (28.7)

Investments - Investment in NGP (Additional Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Basis difference			$ 1.4
Amortization period of basis difference	10 years
Percentage of carried interest income allocated to partnership for future carry funds	47.50%
CLO Senior and Subordinated Notes and Derivative Instruments
Schedule of Equity Method Investments [Line Items]
Investment in preferred securities	$ 532.6	$ 526.1
Minimum
Schedule of Equity Method Investments [Line Items]
Performance allocations, carry funds, percentage (percent)	40.00%
Minimum \| Total investments in NGP
Schedule of Equity Method Investments [Line Items]
Management fee - percentage of commitments	1.00%
Management fee - percentage of invested capital	0.50%
Maximum
Schedule of Equity Method Investments [Line Items]
Performance allocations, carry funds, percentage (percent)	42.75%
Maximum \| Total investments in NGP
Schedule of Equity Method Investments [Line Items]
Management fee - percentage of commitments	2.00%
Management fee - percentage of invested capital	2.00%
Investment in NGP Management \| Management Fee Related Revenues
Schedule of Equity Method Investments [Line Items]
Percentage of income allocated under partnership investment	55.00%
Total investments in NGP
Schedule of Equity Method Investments [Line Items]
Performance fees, income (loss)	$ 65.5	560.7	3.8
Investment income, income (loss)	8.0	44.5	$ 20.1
TCG BDC
Schedule of Equity Method Investments [Line Items]
Investment in preferred securities	$ 81.7	$ 76.9

Supplemental Financial Information

12 Months Ended

Dec. 31, 2023

Condensed Financial Information Disclosure [Abstract]

Supplemental Financial Information

18. Supplemental Financial Information

The following supplemental financial information illustrates the consolidating effects of the Consolidated Funds on the

Company’s financial position as of December 31, 2023 and 2022 and results of operations for the years ended December 31,

2023, 2022 and 2021. The supplemental statement of cash flows is presented without effects of the Consolidated Funds.


	As of December 31, 2023
	Consolidated Operating Entities	Consolidated Funds	Eliminations	Consolidated
	(Dollars in millions)
Assets
Cash and cash equivalents	$1,440.3	$—	$—	$1,440.3
Cash and cash equivalents held at Consolidated Funds	—	346.0	—	346.0
Restricted cash	1.8	—	—	1.8
Investments, including performance allocations of $6,169.9	10,104.5	—	(149.2)	9,955.3
Investments of Consolidated Funds	—	7,313.9	(60.8)	7,253.1
Due from affiliates and other receivables, net	1,009.2	—	(317.6)	691.6
Due from affiliates and other receivables of Consolidated Funds, net	—	141.0	—	141.0
Fixed assets, net	161.5	—	—	161.5
Lease right-of-use assets, net	332.2	—	—	332.2
Deposits and other	66.0	4.6	—	70.6
Intangible assets, net	766.1	—	—	766.1
Deferred tax assets	16.5	—	—	16.5
Total assets	$13,898.1	$7,805.5	$(527.6)	$21,176.0
Liabilities and equity
Debt obligations	$2,281.0	$—	$—	$2,281.0
Loans payable of Consolidated Funds	—	6,796.4	(309.9)	6,486.5
Accounts payable, accrued expenses and other liabilities	333.8	—	—	333.8
Accrued compensation and benefits	4,922.2	—	—	4,922.2
Due to affiliates	269.6	6.3	—	275.9
Deferred revenue	140.3	—	—	140.3
Deferred tax liabilities	45.3	—	—	45.3
Other liabilities of Consolidated Funds	—	374.4	—	374.4
Lease liabilities	488.1	—	—	488.1
Accrued giveback obligations	44.0	—	—	44.0
Total liabilities	8,524.3	7,177.1	(309.9)	15,391.5
Common stock	3.6	—	—	3.6
Additional paid-in capital	3,403.0	223.8	(223.8)	3,403.0
Retained earnings	2,082.1	—	—	2,082.1
Accumulated other comprehensive loss	(292.7)	(10.7)	6.1	(297.3)
Non-controlling interests in consolidated entities	177.8	415.3	—	593.1
Total equity	5,373.8	628.4	(217.7)	5,784.5
Total liabilities and equity	$13,898.1	$7,805.5	$(527.6)	$21,176.0


	As of December 31, 2022
	Consolidated Operating Entities	Consolidated Funds	Eliminations	Consolidated
	(Dollars in millions)
Assets
Cash and cash equivalents	$1,360.7	$—	$—	$1,360.7
Cash and cash equivalents held at Consolidated Funds	—	209.0	—	209.0
Restricted cash	0.8	—	—	0.8
Corporate treasury investments	20.0	—	—	20.0
Investments, including performance allocations of $7,117.7	10,989.9	—	(222.0)	10,767.9
Investments of Consolidated Funds	—	6,894.4	—	6,894.4
Due from affiliates and other receivables, net	960.5	—	(381.1)	579.4
Due from affiliates and other receivables of Consolidated Funds, net	—	101.9	—	101.9
Fixed assets, net	139.9	—	—	139.9
Lease right-of-use assets, net	337.0	—	—	337.0
Deposits and other	70.4	8.0	—	78.4
Intangible assets, net	897.8	—	—	897.8
Deferred tax assets	15.8	—	—	15.8
Total assets	$14,792.8	$7,213.3	$(603.1)	$21,403.0
Liabilities and equity
Debt obligations	$2,271.7	$—	$—	$2,271.7
Loans payable of Consolidated Funds	—	6,279.7	(374.5)	5,905.2
Accounts payable, accrued expenses and other liabilities	369.2	—	—	369.2
Accrued compensation and benefits	4,320.9	—	—	4,320.9
Due to affiliates	346.1	16.5	(0.1)	362.5
Deferred revenue	126.4	—	—	126.4
Deferred tax liabilities	402.7	—	—	402.7
Other liabilities of Consolidated Funds	—	279.7	(0.4)	279.3
Lease liabilities	502.9	—	—	502.9
Accrued giveback obligations	40.9	—	—	40.9
Total liabilities	8,380.8	6,575.9	(375.0)	14,581.7
Common stock	3.6	—	—	3.6
Additional paid-in capital	3,138.5	238.7	(238.7)	3,138.5
Retained earnings	3,401.1	—	—	3,401.1
Accumulated other comprehensive loss	(319.5)	(13.3)	10.6	(322.2)
Non-controlling interests in consolidated entities	188.3	412.0	—	600.3
Total equity	6,412.0	637.4	(228.1)	6,821.3
Total liabilities and equity	$14,792.8	$7,213.3	$(603.1)	$21,403.0


	Year Ended December 31, 2023
	Consolidated Operating Entities	Consolidated Funds	Eliminations	Consolidated
	(Dollars in millions)
Revenues
Fund management fees	$2,074.3	$—	$(31.1)	$2,043.2
Incentive fees	96.2	—	(2.5)	93.7
Investment income (loss)
Performance allocations	(85.0)	—	(3.6)	(88.6)
Principal investment income	160.2	—	(26.8)	133.4
Total investment income	75.2	—	(30.4)	44.8
Interest and other income	222.7	—	(10.6)	212.1
Interest and other income of Consolidated Funds	—	570.1	—	570.1
Total revenues	2,468.4	570.1	(74.6)	2,963.9
Expenses
Compensation and benefits
Cash-based compensation and benefits	1,023.7	—	—	1,023.7
Equity-based compensation	249.1	—	—	249.1
Performance allocations and incentive fee related compensation	1,103.7	—	—	1,103.7
Total compensation and benefits	2,376.5	—	—	2,376.5
General, administrative and other expenses	651.4	—	0.7	652.1
Interest	123.8	—	—	123.8
Interest and other expenses of Consolidated Funds	—	460.3	(41.2)	419.1
Other non-operating expenses	0.2	—	—	0.2
Total expenses	3,151.9	460.3	(40.5)	3,571.7
Other income
Net investment income of Consolidated Funds	—	6.9	—	6.9
Income (loss) before provision for income taxes	(683.5)	116.7	(34.1)	(600.9)
Benefit for income taxes	(104.2)	—	—	(104.2)
Net income (loss)	(579.3)	116.7	(34.1)	(496.7)
Net income attributable to non-controlling interests in consolidated entities	29.1	—	82.6	111.7
Net income (loss) attributable to The Carlyle Group Inc.	$(608.4)	$116.7	$(116.7)	$(608.4)


	Year Ended December 31, 2022
	Consolidated Operating Entities	Consolidated Funds	Eliminations	Consolidated
	(Dollars in millions)
Revenues
Fund management fees	$2,056.7	$—	$(26.6)	$2,030.1
Incentive fees	63.8	—	(0.1)	63.7
Investment income
Performance allocations	1,332.8	—	(5.3)	1,327.5
Principal investment income	542.5	—	28.0	570.5
Total investment income	1,875.3	—	22.7	1,898.0
Interest and other income	154.1	—	(18.2)	135.9
Interest and other income of Consolidated Funds	—	311.0	—	311.0
Total revenues	4,149.9	311.0	(22.2)	4,438.7
Expenses
Compensation and benefits
Cash-based compensation and benefits	1,052.0	—	—	1,052.0
Equity-based compensation	154.0	—	—	154.0
Performance allocations and incentive fee related compensation	719.9	—	—	719.9
Total compensation and benefits	1,925.9	—	—	1,925.9
General, administrative and other expenses	576.2	—	(0.4)	575.8
Interest	110.4	—	—	110.4
Interest and other expenses of Consolidated Funds	—	255.3	(43.7)	211.6
Other non-operating expenses	1.0	—	—	1.0
Total expenses	2,613.5	255.3	(44.1)	2,824.7
Other loss
Net investment loss of Consolidated Funds	—	(41.5)	—	(41.5)
Income before provision for income taxes	1,536.4	14.2	21.9	1,572.5
Provision for income taxes	287.8	—	—	287.8
Net income	1,248.6	14.2	21.9	1,284.7
Net income attributable to non-controlling interests in consolidated entities	23.6	—	36.1	59.7
Net income attributable to The Carlyle Group Inc.	$1,225.0	$14.2	$(14.2)	$1,225.0


	Year Ended December 31, 2021
	Consolidated Operating Entities	Consolidated Funds	Eliminations	Consolidated
	(Dollars in millions)
Revenues
Fund management fees	$1,691.5	$—	$(24.0)	$1,667.5
Incentive fees	48.8	—	—	48.8
Investment income
Performance allocations	6,084.6	—	—	6,084.6
Principal investment income	666.0	—	(28.7)	637.3
Total investment income	6,750.6	—	(28.7)	6,721.9
Interest and other income	112.7	—	(22.0)	90.7
Interest and other income of Consolidated Funds	—	253.2	—	253.2
Total revenues	8,603.6	253.2	(74.7)	8,782.1
Expenses
Compensation and benefits
Cash-based compensation and benefits	908.0	—	—	908.0
Equity-based compensation	163.1	—	—	163.1
Performance allocations and incentive fee related compensation	2,961.0	—	—	2,961.0
Total compensation and benefits	4,032.1	—	—	4,032.1
General, administrative and other expenses	431.9	—	(0.2)	431.7
Interest	113.3	—	—	113.3
Interest and other expenses of Consolidated Funds	—	217.8	(39.3)	178.5
Other non-operating expenses	1.5	—	—	1.5
Total expenses	4,578.8	217.8	(39.5)	4,757.1
Other income
Net investment gains of Consolidated Funds	—	2.5	—	2.5
Income before provision for income taxes	4,024.8	37.9	(35.2)	4,027.5
Provision for income taxes	982.3	—	—	982.3
Net income	3,042.5	37.9	(35.2)	3,045.2
Net income attributable to non-controlling interests in consolidated entities	67.8	—	2.7	70.5
Net income attributable to The Carlyle Group Inc.	$2,974.7	$37.9	$(37.9)	$2,974.7


	Year Ended December 31,
	2023	2022	2021
	(Dollars in millions)
Cash flows from operating activities
Net income (loss)	$(579.3)	$1,248.6	$3,042.5
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization	180.6	147.4	52.0
Equity-based compensation	249.1	154.0	163.1
Right-of-use asset impairment, net of broker fees	—	—	24.8
Non-cash performance allocations and incentive fees, net	1,569.2	387.5	(1,670.7)
Non-cash principal investment income	(130.7)	(501.5)	(628.9)
Other non-cash amounts	23.8	(10.3)	29.1
Purchases of investments	(345.8)	(737.7)	(384.5)
Proceeds from the sale of investments	485.9	498.0	708.3
Payments of contingent consideration	(68.6)	(5.7)	(48.0)
Change in deferred taxes, net	(368.7)	(73.2)	508.4
Change in due from affiliates and other receivables	(33.5)	(82.3)	(25.1)
Change in deposits and other	6.3	(11.8)	(12.5)
Change in accounts payable, accrued expenses and other liabilities	(33.2)	(14.3)	105.7
Change in accrued compensation and benefits	10.6	(135.4)	239.0
Change in due to affiliates	(14.5)	1.7	0.2
Change in lease right-of-use asset and lease liability	(10.8)	(8.8)	4.5
Change in deferred revenue	15.3	4.5	35.1
Net cash provided by operating activities	955.7	860.7	2,143.0
Cash flows from investing activities
Purchases of corporate treasury investments	(187.3)	(69.6)	—
Proceeds from corporate treasury investments	210.3	50.0	—
Purchases of fixed assets, net	(66.6)	(40.6)	(41.4)
Purchase of Abingworth, net of cash acquired	—	(150.2)	—
Purchase of CBAM intangibles and investments	—	(618.4)	—
Proceeds from sale of MRE, net of cash sold	—	—	5.9
Proceeds from sale of Brazil management entity, net of cash sold	—	—	3.3
Net cash used in investing activities	(43.6)	(828.8)	(32.2)
Cash flows from financing activities
Borrowings under credit facilities	—	—	70.0
Repayments under credit facilities	—	—	(70.0)
Issuance of 4.625% subordinated notes due 2061, net of financing costs	—	—	484.1
Repurchase of 3.875% senior notes due 2023	—	—	(259.9)
Proceeds from CLO borrowings, net of financing costs	12.0	73.2	111.7
Payments on CLO borrowings	(17.2)	(16.7)	(232.5)
Payments of contingent consideration	—	—	(0.1)
Dividends to common stockholders	(497.7)	(443.6)	(355.8)
Payment of deferred consideration for Carlyle Holdings units	(68.8)	(68.8)	(68.8)
Contributions from non-controlling interest holders	11.8	9.2	19.4
Distributions to non-controlling interest holders	(64.0)	(78.7)	(74.5)
Common shares issued for performance allocations	—	38.9	4.8
Common shares repurchased	(203.5)	(185.6)	(161.8)
Change in due to/from affiliates financing activities	(16.2)	(456.2)	(68.7)
Net cash used in financing activities	(843.6)	(1,128.3)	(602.1)
Effect of foreign exchange rate changes	12.1	(17.2)	(23.2)
Increase (decrease) in cash, cash equivalents and restricted cash	80.6	(1,113.6)	1,485.5
Cash, cash equivalents and restricted cash, beginning of period	1,361.5	2,475.1	989.6
Cash, cash equivalents and restricted cash, end of period	$1,442.1	$1,361.5	$2,475.1


Supplemental non-cash disclosures
Issuance of common shares related to the acquisition of CBAM and Abingworth	$—	$219.5	$—

Reconciliation of cash, cash equivalents and restricted cash, end of period:
Cash and cash equivalents	$1,440.3	$1,360.7	$2,469.5
Restricted cash	1.8	0.8	5.6
Total cash, cash equivalents and restricted cash, end of period	$1,442.1	$1,361.5	$2,475.1
Cash and cash equivalents held at Consolidated Funds	$346.0	$209.0	$147.8

Organization and Basis of Presentation	12 Months Ended
Organization and Basis of Presentation	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	1. Organization and Basis of Presentation Carlyle is one of the world’s largest global investment firms that deploys private capital across its business and conducts its operations through three reportable segments: Global Private Equity, Global Credit and Global Investment Solutions (see Note 16). In the Global Private Equity segment, Carlyle advises buyout, growth, real estate, infrastructure and natural resources funds. The primary areas of focus for the Global Credit segment are liquid credit, private credit, real assets credit, and other credit such as insurance solutions, platform initiatives, and capital markets. The Global Investment Solutions segment provides investment opportunities and resources for investors and clients through secondary purchases and financing of existing portfolios, managed co-investment programs and primary fund investments. Carlyle typically serves as the general partner, investment manager or collateral manager, making day-to-day investment decisions concerning the assets of these products. Basis of Presentation The accompanying financial statements include the accounts of the Company and its consolidated subsidiaries. In addition, certain Carlyle-affiliated funds, related co-investment entities and certain CLOs managed by the Company (collectively the “Consolidated Funds”) have been consolidated in the accompanying financial statements pursuant to accounting principles generally accepted in the United States (“U.S. GAAP”), as described in Note 2. The consolidation of the Consolidated Funds generally has a gross-up effect on assets, liabilities and cash flows, and generally has no effect on the net income attributable to the Company. The economic ownership interests of the other investors in the Consolidated Funds are reflected as non-controlling interests in consolidated entities in the accompanying consolidated financial statements (see Note 2).

Segment Reporting - Adjustments for Performance Fees, Performance Fee Related Compensation and Investment Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Investment income (loss)	$ 44.8	$ 1,898.0	$ 6,721.9
Performance revenues related compensation expense	1,103.7	719.9	2,961.0
Performance allocations
Segment Reporting Information [Line Items]
Investment income (loss)	(88.6)	1,327.5	6,084.6
Performance revenues related compensation expense	1,103.7	719.9	2,961.0
Net performance revenues	(1,192.3)	607.6	3,123.6
Performance allocations \| Adjustments
Segment Reporting Information [Line Items]
Investment income (loss)	1,026.9	653.2	(3,146.0)
Performance revenues related compensation expense	(696.4)	262.3	(1,552.0)
Net performance revenues	1,723.3	390.9	(1,594.0)
Performance allocations \| Total Reportable Segments
Segment Reporting Information [Line Items]
Investment income (loss)			2,938.6
Performance revenues related compensation expense			1,409.0
Net performance revenues			1,529.6
Performance allocations \| Total Reportable Segments \| Global Segments
Segment Reporting Information [Line Items]
Investment income (loss)	938.3	1,980.7
Performance revenues related compensation expense	407.3	982.2
Net performance revenues	531.0	998.5
Realized principal investment income
Segment Reporting Information [Line Items]
Investment income (loss)	133.4	570.5	637.3
Realized principal investment income \| Adjustments
Segment Reporting Information [Line Items]
Investment income (loss)	(44.6)	(419.9)	(427.8)
Realized principal investment income \| Total Reportable Segments
Segment Reporting Information [Line Items]
Investment income (loss)			$ 209.5
Realized principal investment income \| Total Reportable Segments \| Global Segments
Segment Reporting Information [Line Items]
Investment income (loss)	$ 88.8	$ 150.6

Investments - Accrued Performance Fees Narrative (Details) - financingVehicle	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023
Schedule of Investments [Line Items]
Number of partnership's corporate private equity funds related to accrued performance fees	1	0
CP VI \| Accrued Performance Allocations \| Customer Concentration Risk
Schedule of Investments [Line Items]
Concentration risk percentage	13.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 4)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 2)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 2)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 6))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column B)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8)(b)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8)(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 9))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 10))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column D))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 1)(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 1)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 4)(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 6))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 9))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column B)(Footnote 10))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11)(b)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11)(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 45: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 12))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 46: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 13))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 47: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 48: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 49: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 50: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 51: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 52: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 53: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 54: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 55: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)(4))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 56: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 57: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 58: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 59: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 60: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F)(Footnote 5)(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 61: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 62: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F)(Footnote 8))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 63: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F)(Footnote 9))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 64: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 19
-Subparagraph (1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-19

Reference 65: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 19
-Subparagraph (3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-19

+ Details

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Dec. 31, 2023	Feb. 16, 2024	Jun. 30, 2023
Entity Listings [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-35538
Entity Registrant Name	Carlyle Group Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-2832612
Entity Address, Address Line One	1001 Pennsylvania Avenue, NW
Entity Address, City or Town	Washington
Entity Address, State or Province	DC
Entity Address, Postal Zip Code	20004-2505
City Area Code	202
Local Phone Number	729-5626
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 8,383,674,409
Entity Common Stock, Shares Outstanding		362,113,740
Documents Incorporated by Reference	Portions of the Registrant’s definitive proxy statement relating to its 2024 annual meeting of the shareholders (the “2024 Proxy Statement”) are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. The 2024 Proxy Statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0001527166
Common Stock
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	CG
Security Exchange Name	NASDAQ
4.625% Subordinated Notes due 2061 of Carlyle Finance L.L.C.
Entity Listings [Line Items]
Title of 12(b) Security	4.625% Subordinated Notes due 2061 of Carlyle Finance L.L.C.
Trading Symbol	CGABL
Security Exchange Name	NASDAQ

Accrued Compensation and Benefits - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Defined benefit obligation	$ 71.9	$ 60.6
Defined benefit plan fair value of the plans' assets	58.8	51.1
Funded status of plan	(13.1)	(9.5)
AlpInvest
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	$ 1.7	$ 4.1	$ 6.1

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References + Details

Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Summary of status of non-vested equity-based awards

A summary of the status of the Company’s non-vested equity-based awards as of December 31, 2023 and a summary

of changes from December 31, 2020 through December 31, 2023, are presented below:


	The Carlyle Group, Inc.
	Equity Settled Awards
Unvested Shares	Restricted Stock Units	Weighted- Average Grant Date Fair Value	Unvested Common Shares(1)	Weighted- Average Grant Date Fair Value
Balance, December 31, 2020	8,523,082	$21.70	748,344	$25.39
Granted(2)	11,207,062	$31.64	291,396	$32.93
Vested	4,625,457	$22.64	404,310	$24.73
Forfeited	329,036	$31.02	—	$—
Balance, December 31, 2021	14,775,651	$30.70	635,430	$29.27
Granted	4,216,827	$40.35	188,223	$49.06
Vested	5,805,437	$28.15	370,773	$26.54
Forfeited	2,321,793	$30.84	—	$—
Balance, December 31, 2022	10,865,248	$35.78	452,880	$39.73
Granted(3)	18,273,547	$29.88	258,579	$39.73
Vested	5,280,029	$31.86	252,530	$34.85
Forfeited	1,685,119	$32.24	—	$37.91
Balance, December 31, 2023	22,173,647	$32.12	458,929	$37.87

(1)Includes common shares issued in connection with the Company’s investment in NGP.

(2)Includes 7.1 million long-term, strategic restricted stock units to certain senior professionals, the majority of which are eligible to vest based on the

achievement of annual performance targets over four years across a number of the Company’s employees.

(3)Includes 6.8 million shares related to equity inducement awards granted in connection with the appointment of the Company’s Chief Executive Officer,

as well as 0.3 million shares reserved for issuance upon the settlement of dividend-equivalent rights carried by certain restricted stock units

concurrently with the settlement of the restricted stock units for shares.

Investments - Accrued Performance Allocations (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Accrued performance allocations	$ 6,169.9	$ 7,117.7
Global Private Equity
Segment Reporting Information [Line Items]
Accrued performance allocations	4,310.7	5,577.1
Global Credit
Segment Reporting Information [Line Items]
Accrued performance allocations	323.4	193.9
Global Investment Solutions
Segment Reporting Information [Line Items]
Accrued performance allocations	$ 1,535.8	$ 1,346.7

Supplemental Financial Information - Financial Position (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 1,440.3	$ 1,360.7	$ 2,469.5
Cash and cash equivalents held at Consolidated Funds	346.0	209.0	147.8
Restricted cash	1.8	0.8	5.6
Corporate treasury investments	0.0	20.0
Investments, including performance allocations of $6,169.9	9,955.3	10,767.9
Investments of Consolidated Funds	7,253.1	6,894.4
Due from affiliates and other receivables, net	691.6	579.4
Due from affiliates and other receivables of Consolidated Funds, net	141.0	101.9
Fixed assets, net	161.5	139.9
Lease right-of-use assets, net	332.2	337.0
Deposits and other	70.6	78.4
Intangible assets, net	766.1	897.8
Deferred tax assets	16.5	15.8
Total assets	21,176.0	21,403.0	21,250.4
Liabilities and equity
Debt obligations	2,281.0	2,271.7
Loans payable of Consolidated Funds	6,486.5	5,905.2
Accounts payable, accrued expenses and other liabilities	333.8	369.2
Accrued compensation and benefits	4,922.2	4,320.9
Other liabilities	275.9	362.5
Deferred revenue	140.3	126.4
Deferred tax liabilities	45.3	402.7
Other liabilities of Consolidated Funds	374.4	279.3
Lease liabilities	488.1	502.9
Accrued giveback obligations	44.0	40.9
Total liabilities	15,391.5	14,581.7
Common stock	3.6	3.6
Additional paid-in capital	3,403.0	3,138.5
Retained earnings	2,082.1	3,401.1
Accumulated other comprehensive loss	(297.3)	(322.2)
Non-controlling interests in consolidated entities	593.1	600.3
Total equity	5,784.5	6,821.3	5,706.2	$ 2,930.2
Total liabilities and equity	21,176.0	21,403.0
Accrued performance allocations	6,169.9	7,117.7
Consolidated Operating Entities
Assets
Cash and cash equivalents	1,440.3	1,360.7	2,469.5
Cash and cash equivalents held at Consolidated Funds	346.0	209.0	147.8
Restricted cash	1.8	0.8	5.6
Consolidated Entities \| Consolidated Operating Entities
Assets
Cash and cash equivalents	1,440.3	1,360.7
Cash and cash equivalents held at Consolidated Funds	0.0	0.0
Restricted cash	1.8	0.8
Corporate treasury investments		20.0
Investments, including performance allocations of $6,169.9	10,104.5	10,989.9
Investments of Consolidated Funds	0.0	0.0
Due from affiliates and other receivables, net	1,009.2	960.5
Due from affiliates and other receivables of Consolidated Funds, net	0.0	0.0
Fixed assets, net	161.5	139.9
Lease right-of-use assets, net	332.2	337.0
Deposits and other	66.0	70.4
Intangible assets, net	766.1	897.8
Deferred tax assets	16.5	15.8
Total assets	13,898.1	14,792.8
Liabilities and equity
Debt obligations	2,281.0	2,271.7
Loans payable of Consolidated Funds	0.0	0.0
Accounts payable, accrued expenses and other liabilities	333.8	369.2
Accrued compensation and benefits	4,922.2	4,320.9
Other liabilities	269.6	346.1
Deferred revenue	140.3	126.4
Deferred tax liabilities	45.3	402.7
Other liabilities of Consolidated Funds	0.0	0.0
Lease liabilities	488.1	502.9
Accrued giveback obligations	44.0	40.9
Total liabilities	8,524.3	8,380.8
Common stock	3.6	3.6
Additional paid-in capital	3,403.0	3,138.5
Retained earnings	2,082.1	3,401.1
Accumulated other comprehensive loss	(292.7)	(319.5)
Non-controlling interests in consolidated entities	177.8	188.3
Total equity	5,373.8	6,412.0
Total liabilities and equity	13,898.1	14,792.8
Consolidated Entities \| Consolidated Funds
Assets
Cash and cash equivalents	0.0	0.0
Cash and cash equivalents held at Consolidated Funds	346.0	209.0
Restricted cash	0.0	0.0
Corporate treasury investments		0.0
Investments, including performance allocations of $6,169.9	0.0	0.0
Investments of Consolidated Funds	7,313.9	6,894.4
Due from affiliates and other receivables, net	0.0	0.0
Due from affiliates and other receivables of Consolidated Funds, net	141.0	101.9
Fixed assets, net	0.0	0.0
Lease right-of-use assets, net	0.0	0.0
Deposits and other	4.6	8.0
Intangible assets, net	0.0	0.0
Deferred tax assets	0.0	0.0
Total assets	7,805.5	7,213.3	$ 6,948.0
Liabilities and equity
Debt obligations	0.0	0.0
Loans payable of Consolidated Funds	6,796.4	6,279.7
Accounts payable, accrued expenses and other liabilities	0.0	0.0
Accrued compensation and benefits	0.0	0.0
Other liabilities	6.3	16.5
Deferred revenue	0.0	0.0
Deferred tax liabilities	0.0	0.0
Other liabilities of Consolidated Funds	374.4	279.7
Lease liabilities	0.0	0.0
Accrued giveback obligations	0.0	0.0
Total liabilities	7,177.1	6,575.9
Common stock	0.0	0.0
Additional paid-in capital	223.8	238.7
Retained earnings	0.0	0.0
Accumulated other comprehensive loss	(10.7)	(13.3)
Non-controlling interests in consolidated entities	415.3	412.0
Total equity	628.4	637.4
Total liabilities and equity	7,805.5	7,213.3
Eliminations
Assets
Cash and cash equivalents	0.0	0.0
Cash and cash equivalents held at Consolidated Funds	0.0	0.0
Restricted cash	0.0	0.0
Corporate treasury investments		0.0
Investments, including performance allocations of $6,169.9	(149.2)	(222.0)
Investments of Consolidated Funds	(60.8)	0.0
Due from affiliates and other receivables, net	(317.6)	(381.1)
Due from affiliates and other receivables of Consolidated Funds, net	0.0	0.0
Fixed assets, net	0.0	0.0
Lease right-of-use assets, net	0.0	0.0
Deposits and other	0.0	0.0
Intangible assets, net	0.0	0.0
Deferred tax assets	0.0	0.0
Total assets	(527.6)	(603.1)
Liabilities and equity
Debt obligations	0.0	0.0
Loans payable of Consolidated Funds	(309.9)	(374.5)
Accounts payable, accrued expenses and other liabilities	0.0	0.0
Accrued compensation and benefits	0.0	0.0
Other liabilities	0.0	(0.1)
Deferred revenue	0.0	0.0
Deferred tax liabilities	0.0	0.0
Other liabilities of Consolidated Funds	0.0	(0.4)
Lease liabilities	0.0	0.0
Accrued giveback obligations	0.0	0.0
Total liabilities	(309.9)	(375.0)
Common stock	0.0	0.0
Additional paid-in capital	(223.8)	(238.7)
Retained earnings	0.0	0.0
Accumulated other comprehensive loss	6.1	10.6
Non-controlling interests in consolidated entities	0.0	0.0
Total equity	(217.7)	(228.1)
Total liabilities and equity	$ (527.6)	$ (603.1)

Borrowings - Additional Information (Details) € in Millions	1 Months Ended	12 Months Ended
Borrowings - Additional Information (Details) € in Millions	Nov. 30, 2021 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 EUR (€)	Jun. 30, 2021 USD ($)	May 31, 2021 USD ($)	Feb. 28, 2017 EUR (€)	Mar. 31, 2014 USD ($)	Mar. 31, 2013 USD ($)
Line of Credit Facility [Line Items]
Interest		$ 123,800,000	$ 110,400,000	$ 113,300,000
Debt principal amount		2,306,700,000	2,296,700,000
Interest expense		68,900,000	68,900,000	77,800,000
Fair value		6,486,500,000	5,905,200,000
Fair value of CLO assets		$ 6,800,000,000	6,200,000,000
Senior Notes
Line of Credit Facility [Line Items]
Debt redemption price percentage		100.00%
Interest expense	$ 10,100,000
CLO Term Loans
Line of Credit Facility [Line Items]
Interest		$ 24,900,000	10,700,000	5,600,000
Debt principal amount		$ 431,700,000	421,700,000
CLO Term Loan Maturing November 17, 2031
Line of Credit Facility [Line Items]
Debt principal amount \| €					€ 39.9			€ 36.1
CLO Term Loan Maturing November 17, 2031 \| Euribor
Line of Credit Facility [Line Items]
Interest rate at end of period		6.02%			6.02%
Master Credit Agreements - Term Loans
Line of Credit Facility [Line Items]
Outstanding borrowing		$ 86,700,000
CLO Financing Facility
Line of Credit Facility [Line Items]
Outstanding borrowing		236,500,000			€ 213.8
CBAM CLO Financing Facility
Line of Credit Facility [Line Items]
Outstanding borrowing		68,500,000			61.9
Borrowing capacity \| €					€ 100.0
5.625% Senior Notes Due 3/30/2043
Line of Credit Facility [Line Items]
Debt principal amount		$ 600,000,000.0	600,000,000.0
Interest rate (percent)		5.625%			5.625%
5.625% Senior Notes Due 3/30/2043 \| Senior Notes
Line of Credit Facility [Line Items]
Debt principal amount		$ 600,000,000.0							$ 200,000,000	$ 400,000,000
Interest rate (percent)		5.625%			5.625%
Interest expense		$ 33,700,000	33,700,000	33,700,000
Fair value		$ 594,600,000	545,800,000
5.625% Senior Notes Due 3/30/2043 \| Treasury Rate \| Senior Notes
Line of Credit Facility [Line Items]
Applicable margin over base rate		0.40%
5.650% Senior Notes Due 9/15/2048
Line of Credit Facility [Line Items]
Debt principal amount		$ 350,000,000.0	350,000,000.0
Interest rate (percent)		5.65%			5.65%
5.650% Senior Notes Due 9/15/2048 \| Senior Notes
Line of Credit Facility [Line Items]
Debt principal amount		$ 350,000,000.0
Interest rate (percent)		5.65%			5.65%
Interest expense		$ 19,900,000	19,900,000	19,900,000
Fair value		$ 336,000,000.0	322,200,000
5.650% Senior Notes Due 9/15/2048 \| Treasury Rate \| Senior Notes
Line of Credit Facility [Line Items]
Applicable margin over base rate		0.40%
3.500% Senior Notes Due 9/19/2029
Line of Credit Facility [Line Items]
Debt principal amount		$ 425,000,000.0	425,000,000.0
Interest rate (percent)		3.50%			3.50%
3.500% Senior Notes Due 9/19/2029 \| Senior Notes
Line of Credit Facility [Line Items]
Debt principal amount		$ 425,000,000.0
Interest rate (percent)		3.50%			3.50%
Interest expense		$ 15,300,000	15,300,000	15,300,000
Fair value		$ 401,900,000	364,100,000
3.500% Senior Notes Due 9/19/2029 \| Treasury Rate \| Senior Notes
Line of Credit Facility [Line Items]
Applicable margin over base rate		0.30%
3.875% Senior Notes Due 2/01/2023
Line of Credit Facility [Line Items]
Interest rate (percent)	3.875%
3.875% Senior Notes Due 2/01/2023 \| Senior Notes
Line of Credit Facility [Line Items]
Debt principal amount	$ 250,000,000	$ 0
Interest rate (percent)		3.875%			3.875%
Interest expense		$ 0	0	$ 8,900,000
Fair value		$ 0	0
3.875% Senior Notes Due 2/01/2023 \| Treasury Rate \| Senior Notes
Line of Credit Facility [Line Items]
Applicable margin over base rate		0.30%
4.625% Subordinated Notes Due 5/15/2061
Line of Credit Facility [Line Items]
Interest		$ 23,500,000	23,500,000
Debt principal amount						$ 65,000,000	$ 435,000,000
Debt redemption price percentage		102.00%
Interest rate (percent)							4.625%
Period from tax redemption event that debt may be redeemed		120 days
Period from rating agency event that debt may be redeemed		90 days
Fair value		$ 411,800,000	$ 323,800,000

Investments - Schedule of Net Investment Earnings (Loss) from NGP (Details) - NGP Management Company LLC - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Management fee related revenues from NGP Management	$ 78.6	$ 71.0	$ 72.9
Expenses related to the investment in NGP Management	(13.8)	(11.5)	(10.8)
Amortization of basis differences from the investment in NGP Management	0.0	(1.4)	(2.9)
Net investment income from NGP Management	$ 64.8	$ 58.1	$ 59.2

Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Quarterly distributions on common units

The table below presents information regarding the quarterly dividends on the common shares, which were made at the

sole discretion of the Board of Directors of the Company.


Dividend Record Date	Dividend Payment Date	Dividend per Common Share	Dividend to Common Stockholders
		(Dollars in millions, except per share data)
May 10, 2022	May 17, 2022	$0.325	$117.6
August 9, 2022	August 16, 2022	0.325	118.3
November 18, 2022	November 25, 2022	0.325	118.2
February 22, 2023	March 1, 2023	0.325	118.4
Total 2022 Dividend Year		$1.30	$472.5

May 16, 2023	May 23, 2023	$0.35	$126.7
August 15, 2023	August 23, 2023	0.35	126.3
November 21, 2023	November 29, 2023	0.35	126.3
February 23, 2024	March 1, 2024	0.35	126.7
Total 2023 Dividend Year		$1.40	$506.0

Segment Reporting - Expense Adjustments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Equity-based compensation	$ 249.1	$ 154.0	$ 163.1
Right-of-use asset impairment			26.8
Expenses	3,571.7	2,824.7	4,757.1
Total Reportable Segments
Segment Reporting Information [Line Items]
Unrealized performance and fee related performance revenue compensation expense	612.6	(326.2)	1,549.4
Expenses	1,974.6	2,492.4	2,706.4
Reconciling Items
Segment Reporting Information [Line Items]
Equity-based compensation	260.1	161.9	172.9
Acquisition or disposition-related charges and amortization of intangibles and impairment	145.3	187.4	37.7
Tax (expense) benefit associated with certain foreign performance revenues related compensation	(1.0)	2.9	(17.3)
Non-controlling interests and other adjustments to present certain costs on a net basis	148.7	82.7	78.5
Debt extinguishment costs	0.0	0.0	10.2
Right-of-use asset impairment	0.0	0.0	26.8
Other adjustments	11.6	12.4	14.2
Expenses	1,136.8	77.0	1,832.9
Eliminations
Segment Reporting Information [Line Items]
Equity-based compensation	0.0	0.0	0.0
Expenses	$ (40.5)	$ (44.1)	$ (39.5)

Non-controlling Interests in Consolidated Entities - Partnership's Non-Controlling Interests in Consolidated Entities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated entities	$ 593.1	$ 600.3
Non-Carlyle interests in Consolidated Funds
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated entities	415.3	412.0
Non-Carlyle interests in majority-owned subsidiaries
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated entities	184.5	186.9
Non-controlling interest in carried interest, giveback obligations and cash held for carried interest distributions
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated entities	$ (6.7)	$ 1.4

- Definition

Amount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity.

+ References

+ Details

Supplemental Financial Information - Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Net income (loss)	$ (496.7)	$ 1,284.7	$ 3,045.2
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	180.6	147.4	52.0
Equity-based compensation	249.1	154.0	163.1
Right-of-use asset impairment, net of broker fees	0.0	0.0	24.8
Non-cash performance allocations and incentive fees, net	1,572.8	393.6	(1,670.7)
Non-cash principal investment income	(123.9)	(553.4)	(618.5)
Other non-cash amounts	23.8	(10.3)	29.1
Purchases of investments	(301.2)	(629.9)	(276.7)
Proceeds from the sale of investments	472.2	474.9	668.4
Payments of contingent consideration	(68.6)	(5.7)	(48.0)
Changes in deferred taxes, net	(368.7)	(73.2)	508.4
Change in due from affiliates and other receivables	(33.4)	(82.5)	(25.7)
Change in deposits and other	6.3	(11.8)	(12.5)
Change in accounts payable, accrued expenses and other liabilities	(33.2)	(14.3)	105.7
Change in accrued compensation and benefits	10.6	(135.4)	239.0
Change in due to affiliates	(14.5)	1.7	0.2
Change in lease right-of-use asset and lease liability	(10.8)	(8.8)	4.5
Change in deferred revenue	15.3	4.5	35.1
Net cash provided by (used in) operating activities	204.9	(379.3)	1,791.0
Cash flows from investing activities
Purchases of corporate treasury investments	(187.3)	(69.6)	0.0
Proceeds from corporate treasury investments	210.3	50.0	0.0
Purchases of fixed assets, net	(66.6)	(40.6)	(41.4)
Purchase of Abingworth, net of cash acquired	0.0	(150.2)	0.0
Purchase of CBAM intangibles and investments	0.0	(618.4)	0.0
Net cash used in investing activities	(43.6)	(828.8)	(32.2)
Cash flows from financing activities
Borrowings under credit facilities	0.0	0.0	70.0
Repayments under credit facilities	0.0	0.0	(70.0)
Issuance of 4.625% subordinated notes due 2061, net of financing costs	0.0	0.0	484.1
Repurchase of 3.875% senior notes due 2023	0.0	0.0	(259.9)
Proceeds from CLO borrowings, net of financing costs	12.0	73.2	111.7
Payments on CLO borrowings	(17.2)	(16.7)	(232.5)
Payments of contingent consideration	0.0	0.0	(0.1)
Dividends to common stockholders	(497.7)	(443.6)	(355.8)
Payment of deferred consideration for Carlyle Holdings units	(68.8)	(68.8)	(68.8)
Contributions from non-controlling interest holders	177.0	391.2	216.2
Distributions to non-controlling interest holders	(139.7)	(216.8)	(94.6)
Common shares issued for performance allocations	0.0	38.9	4.8
Common shares repurchased	(203.5)	(185.6)	(161.8)
Change in due to/from affiliates financing activities	(62.3)	(81.2)	(68.7)
Net cash (used in) provided by financing activities	(99.6)	114.8	(242.5)
Effect of foreign exchange rate changes	18.9	(20.3)	(30.8)
Increase (decrease) in cash, cash equivalents and restricted cash	80.6	(1,113.6)	1,485.5
Cash, cash equivalents and restricted cash, beginning of period	1,361.5	2,475.1	989.6
Cash, cash equivalents and restricted cash, end of period	1,442.1	1,361.5	2,475.1
Reconciliation of cash, cash equivalents and restricted cash, end of period:
Cash and cash equivalents	1,440.3	1,360.7	2,469.5
Restricted cash	1.8	0.8	5.6
Total cash, cash equivalents and restricted cash, end of period	1,442.1	1,361.5	2,475.1
Cash and cash equivalents held at Consolidated Funds	346.0	209.0	147.8
MRE
Cash flows from investing activities
Proceeds from sale, net of cash sold	0.0	0.0	5.9
Brazil management entity
Cash flows from investing activities
Proceeds from sale, net of cash sold	$ 0.0	0.0	3.3
Subordinated Notes Due 2061
Reconciliation of cash, cash equivalents and restricted cash, end of period:
Interest rate (percent)	4.625%
Subordinated Notes Due 2023
Reconciliation of cash, cash equivalents and restricted cash, end of period:
Interest rate (percent)	3.875%
Consolidated Operating Entities
Cash flows from operating activities
Net income (loss)	$ (579.3)	1,248.6	3,042.5
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	180.6	147.4	52.0
Equity-based compensation	249.1	154.0	163.1
Right-of-use asset impairment, net of broker fees	0.0	0.0	24.8
Non-cash performance allocations and incentive fees, net	1,569.2	387.5	(1,670.7)
Non-cash principal investment income	(130.7)	(501.5)	(628.9)
Other non-cash amounts	23.8	(10.3)	29.1
Purchases of investments	(345.8)	(737.7)	(384.5)
Proceeds from the sale of investments	485.9	498.0	708.3
Payments of contingent consideration	(68.6)	(5.7)	(48.0)
Changes in deferred taxes, net	(368.7)	(73.2)	508.4
Change in due from affiliates and other receivables	(33.5)	(82.3)	(25.1)
Change in deposits and other	6.3	(11.8)	(12.5)
Change in accounts payable, accrued expenses and other liabilities	(33.2)	(14.3)	105.7
Change in accrued compensation and benefits	10.6	(135.4)	239.0
Change in due to affiliates	(14.5)	1.7	0.2
Change in lease right-of-use asset and lease liability	(10.8)	(8.8)	4.5
Change in deferred revenue	15.3	4.5	35.1
Net cash provided by (used in) operating activities	955.7	860.7	2,143.0
Cash flows from investing activities
Purchases of corporate treasury investments	(187.3)	(69.6)	0.0
Proceeds from corporate treasury investments	210.3	50.0	0.0
Purchases of fixed assets, net	(66.6)	(40.6)	(41.4)
Purchase of Abingworth, net of cash acquired	0.0	(150.2)	0.0
Purchase of CBAM intangibles and investments	0.0	(618.4)	0.0
Net cash used in investing activities	(43.6)	(828.8)	(32.2)
Cash flows from financing activities
Borrowings under credit facilities	0.0	0.0	70.0
Repayments under credit facilities	0.0	0.0	(70.0)
Issuance of 4.625% subordinated notes due 2061, net of financing costs	0.0	0.0	484.1
Repurchase of 3.875% senior notes due 2023	0.0	0.0	(259.9)
Proceeds from CLO borrowings, net of financing costs	12.0	73.2	111.7
Payments on CLO borrowings	(17.2)	(16.7)	(232.5)
Payments of contingent consideration	0.0	0.0	(0.1)
Dividends to common stockholders	(497.7)	(443.6)	(355.8)
Payment of deferred consideration for Carlyle Holdings units	(68.8)	(68.8)	(68.8)
Contributions from non-controlling interest holders	11.8	9.2	19.4
Distributions to non-controlling interest holders	(64.0)	(78.7)	(74.5)
Common shares issued for performance allocations	0.0	38.9	4.8
Common shares repurchased	(203.5)	(185.6)	(161.8)
Change in due to/from affiliates financing activities	(16.2)	(456.2)	(68.7)
Net cash (used in) provided by financing activities	(843.6)	(1,128.3)	(602.1)
Effect of foreign exchange rate changes	12.1	(17.2)	(23.2)
Increase (decrease) in cash, cash equivalents and restricted cash	80.6	(1,113.6)	1,485.5
Cash, cash equivalents and restricted cash, beginning of period	1,361.5	2,475.1	989.6
Cash, cash equivalents and restricted cash, end of period	1,442.1	1,361.5	2,475.1
Supplemental cash disclosures
Issuance of common shares related to the acquisition of CBAM and Abingworth	0.0	219.5	0.0
Reconciliation of cash, cash equivalents and restricted cash, end of period:
Cash and cash equivalents	1,440.3	1,360.7	2,469.5
Restricted cash	1.8	0.8	5.6
Total cash, cash equivalents and restricted cash, end of period	1,442.1	1,361.5	2,475.1
Cash and cash equivalents held at Consolidated Funds	346.0	209.0	147.8
Consolidated Operating Entities \| MRE
Cash flows from investing activities
Proceeds from sale, net of cash sold	0.0	0.0	5.9
Consolidated Operating Entities \| Brazil management entity
Cash flows from investing activities
Proceeds from sale, net of cash sold	$ 0.0	$ 0.0	$ 3.3
Consolidated Operating Entities \| Subordinated Notes Due 2061
Reconciliation of cash, cash equivalents and restricted cash, end of period:
Interest rate (percent)	4.625%
Consolidated Operating Entities \| Subordinated Notes Due 2023
Reconciliation of cash, cash equivalents and restricted cash, end of period:
Interest rate (percent)	3.875%

Investments - Components of Investment Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Unrealized principal investment (income) loss	$ 44.8	$ 1,898.0	$ 6,721.9
Performance allocations - realized
Schedule of Investments [Line Items]
Unrealized principal investment (income) loss	867.0	2,048.8	2,956.7
Performance allocations - unrealized
Schedule of Investments [Line Items]
Unrealized principal investment (income) loss	(955.6)	(721.3)	3,127.9
Performance allocations
Schedule of Investments [Line Items]
Unrealized principal investment (income) loss	(88.6)	1,327.5	6,084.6
Principal investment income (loss) from equity method investments - realized
Schedule of Investments [Line Items]
Unrealized principal investment (income) loss	231.7	73.1	266.2
Principal investment income (loss) from equity method investments - unrealized
Schedule of Investments [Line Items]
Unrealized principal investment (income) loss	(115.1)	546.4	290.8
Principal investment income (loss) from equity method investments
Schedule of Investments [Line Items]
Unrealized principal investment (income) loss	116.6	619.5	557.0
Principal investment income (loss) from investments in CLOs and other investments - realized
Schedule of Investments [Line Items]
Unrealized principal investment (income) loss	(1.1)	5.0	1.9
Principal investment income (loss) from investments in CLOs and other investments- unrealized
Schedule of Investments [Line Items]
Unrealized principal investment (income) loss	17.9	(54.0)	78.4
Principal investment income (loss) from investments in CLOs and other investments- unrealized \| Corporate investment
Schedule of Investments [Line Items]
Unrealized principal investment (income) loss	(13.3)		49.8
Principal investment income (loss) from investments in CLOs and other investments
Schedule of Investments [Line Items]
Unrealized principal investment (income) loss	$ 16.8	$ (49.0)	$ 80.3

Segment Reporting - Revenue Adjustments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Revenues	$ 2,963.9	$ 4,438.7	$ 8,782.1
Reconciling Items
Segment Reporting Information [Line Items]
Unrealized performance and fee related performance revenues	(1,046.6)	(142.5)	3,155.6
Unrealized principal investment income	36.1	(38.3)	351.8
Adjustments related to expenses associated with investments in NGP Management and its affiliates	(13.8)	(12.9)	(13.7)
Tax expense associated with certain foreign performance revenues	0.0	0.1	0.2
Non-controlling interests and other adjustments to present certain costs on a net basis	191.6	119.0	159.6
Revenues	(1,011.3)	(273.7)	3,578.8
Consolidation, Eliminations
Segment Reporting Information [Line Items]
Revenues	(74.6)	(22.2)	(74.7)
Fortitude Re \| Reconciling Items
Segment Reporting Information [Line Items]
Principal investment loss from dilution of indirect investment in Fortitude	$ (104.0)	$ (176.9)	$ 0.0

Acquisitions	12 Months Ended
Acquisitions	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	3. Acquisitions Abingworth Acquisition On August 1, 2022, the Company acquired 100% of the equity interests in Abingworth, a London-based life sciences investment firm. Abingworth has $2 billion in assets under management and is included in the Company’s Global Private Equity business segment. The purchase price consisted of $161.2 million in cash and approximately 0.6 million newly issued, fully vested common shares ($25.0 million based on the value of the shares at closing). The transaction also included an earn- out of up to $130.0 million that is payable upon the achievement of certain revenue and earnings performance targets during 2023 through 2028, which will be accounted for as compensation expense. The Company consolidated the financial position and results of operations of Abingworth effective August 1, 2022 and accounted for this transaction as a business combination. In connection with this transaction, the Company incurred approximately $7.7 million of acquisition costs that are reflected in general, administrative and other expenses in the consolidated statements of operations for the year ended December 31, 2022. See Note 4 to the consolidated financial statements included in the Company’s 2022 Annual Report on Form 10-K for additional information on the Abingworth acquisition. Acquisition of CLO Management Contracts from CBAM Partners LLC On March 21, 2022, the Company acquired the management contracts related to a portfolio of assets primarily comprised of U.S. and European CLOs as well as other assets across private credit from CBAM Partners LLC (“CBAM”). The purchase price of $812.9 million consisted of a combination of $618.4 million in cash, including approximately $3.4 million of acquisition costs incurred by the Company in connection with the transaction, and approximately 4.2 million newly issued, fully vested common shares ($194.5 million based on the value of the shares at closing). In connection with the acquisition of the CLO management contracts, the Company acquired CLO senior and subordinated notes of $175.9 million. A portion of these CLO investments is financed through term loans and other financing arrangements with financial institutions, which are secured by the Company’s investments in the respective CLO, have a general unsecured interest in the Carlyle entity that manages the CLO, and generally do not have recourse to any other Carlyle entity (see Note 7). This transaction was accounted for as an asset acquisition and the acquired contractual rights of $794.3 million are finite-lived intangible assets. The finite-lived intangible assets are amortized using the straight-line method over a period of primarily seven years, which reflects the Company’s assumptions regarding resets of the CLOs and extension of the CLO management contracts. See Note 4 to the consolidated financial statements included in the Company’s 2022 Annual Report on Form 10-K for additional information on the acquisition of CLO management contracts from CBAM.

Investments - Schedule of Investments as a Percentage of Investments of Consolidated Funds - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Cost of investments of Consolidated Funds	$ 7,387.9	$ 7,371.5
United States \| Equity securities
Schedule of Investments [Line Items]
Cost of total assets	397.3	436.0
United States \| Partnership and LLC interests
Schedule of Investments [Line Items]
Cost of total assets	389.2	504.2
United States \| Loans
Schedule of Investments [Line Items]
Cost of total assets	36.3	26.4
United States \| Total assets of the CLOs
Schedule of Investments [Line Items]
Cost of total assets	3,256.0	2,974.2
Europe \| Total assets of the CLOs
Schedule of Investments [Line Items]
Cost of total assets	3,231.8	3,334.0
Global \| Total assets of the CLOs
Schedule of Investments [Line Items]
Cost of total assets	$ 77.3	$ 96.7

Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

6. Intangible Assets and Goodwill

The following table summarizes the carrying amount of intangible assets as of December 31, 2023 and 2022:


	As of December 31,
	2023	2022
	(Dollars in millions)
Acquired contractual rights	$924.1	$920.2
Accumulated amortization	(262.0)	(126.3)
Finite-lived intangible assets, net	662.1	793.9
Goodwill	104.0	103.9
Intangible Assets, net	$766.1	$897.8

As of December 31, 2023, goodwill included $91.0 million related to the Company’s Global Private Equity segment in

connection with the acquisition of Abingworth. The balance also included $5.5 million as of both December 31, 2023 and 2022

associated with the Company’s Global Credit segment. The remaining balance consisted of $7.5 million and $7.3 million as of

December 31, 2023 and 2022 associated with the Company’s Global Investment Solutions segment, respectively.

As discussed in Note 2, the Company reviews its intangible assets for impairment whenever events or changes in

circumstances indicate that the carrying amount of the asset may not be recoverable, and considers factors including, but not

limited to, expected cash flows from its interest in future management fees and the ability to raise new funds. During the year

ended December 31, 2023, the Company recorded no impairment losses. During the year ended December 31, 2022, the

Company recorded an impairment charge of $4.0 million on certain acquired contractual rights related to Carlyle Aviation

Partners as a result of impaired income streams from aircraft under lease in Russia. No impairment losses were recorded during

the year ended December 31, 2021.

Intangible asset amortization expense was $135.0 million, $103.9 million and $10.2 million for the years ended

December 31, 2023, 2022 and 2021, respectively, and is included in general, administrative, and other expenses in the

consolidated statements of operations. Certain intangible assets are held by entities of which the functional currency is not the

U.S. dollar. Any corresponding currency translation is recorded in other comprehensive income.

The following table summarizes the expected amortization expense for 2024 through 2028 and thereafter (Dollars in

millions):


Year ending December 31,
2024	$131.1
2025	131.1
2026	131.0
2027	120.9
2028	113.8
Thereafter	34.2
	$662.1

Consolidated Statements of Cash Flows (Parenthetical)	Dec. 31, 2023
Subordinated Notes Due 2061
Interest rate (percent)	4.625%
Subordinated Notes Due 2023
Interest rate (percent)	3.875%

Earnings Per Common Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Common Share

13. Earnings Per Common Share

Basic and diluted net income (loss) per common share are calculated as follows:


	Year Ended December 31, 2023		Year Ended December 31, 2022		Year Ended December 31, 2021
	Basic	Diluted	Basic	Diluted	Basic	Diluted
Net income (loss) attributable to common shares	$(608,400,000)	$(608,400,000)	$1,225,000,000	$1,225,000,000	$2,974,700,000	$2,974,700,000
Weighted-average common shares outstanding	361,395,823	361,395,823	361,278,064	365,707,722	355,241,653	362,574,564
Net income (loss) per common share	$(1.68)	$(1.68)	$3.39	$3.35	$8.37	$8.20

The weighted-average common shares outstanding, basic and diluted, are calculated as follows:


	Year Ended December 31, 2023		Year Ended December 31, 2022		Year Ended December 31, 2021
	Basic	Diluted	Basic	Diluted	Basic	Diluted
The Carlyle Group Inc. weighted-average common shares outstanding	361,395,823	361,395,823	361,278,064	361,278,064	355,241,653	355,241,653
Unvested restricted stock units	—	—	—	2,394,372	—	4,713,277
Issuable common shares and performance- vesting restricted stock units	—	—	—	2,035,286	—	2,619,634
Weighted-average common shares outstanding	361,395,823	361,395,823	361,278,064	365,707,722	355,241,653	362,574,564

The Company applies the treasury stock method to determine the dilutive weighted-average common shares

represented by the unvested restricted stock units. Also included in the determination of dilutive weighted-average common

shares are issuable common shares associated with the Company’s acquisitions, investment in NGP, performance-vesting

restricted stock units, and issuable common shares associated with a program under which the Company may distribute realized

performance allocation related compensation in fully vested, newly issued shares (see Note 14 to the consolidated financial

statements). For the year ended December 31, 2023, all such awards are antidilutive and excluded from the computation of

diluted earnings per share given the net loss attributable to common stockholders.

Borrowings - Loans Payable of Consolidated Funds (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Borrowing Outstanding	$ 6,523.3	$ 6,083.2
Fair Value	6,486.5	5,905.2
Fair value of liabilities	6,298.6	5,494.8
Revolving credit facilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Borrowing Outstanding	177.9	177.9
Fair Value	$ 177.9	$ 177.9
Weighted Average Interest Rate	6.46%	4.85%
Weighted Average Remaining Maturity in Years	5 years 18 days	4 years 3 months 18 days
Senior secured notes
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Borrowing Outstanding	$ 6,171.9	$ 5,849.2
Fair Value	$ 6,097.9	$ 5,538.9
Weighted Average Interest Rate	6.32%	4.07%
Weighted Average Remaining Maturity in Years	8 years 11 months 26 days	9 years 7 months 6 days
Fair value of liabilities	$ 7.8	$ 235.6
Subordinated notes
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Borrowing Outstanding	173.5	56.1
Fair Value	$ 210.7	$ 188.4
Weighted Average Remaining Maturity in Years	9 years 1 month 28 days	9 years 8 months 8 days
Fair value of liabilities	$ 2.2

Segment Reporting - Total Segments to Partnership Income Before Provision for Taxes Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Revenues	$ 2,963.9	$ 4,438.7	$ 8,782.1
Expenses	3,571.7	2,824.7	4,757.1
Other income (loss)	6.9	(41.5)	2.5
Distributable earnings	(600.9)	1,572.5	4,027.5
Total assets	21,176.0	21,403.0	21,250.4
Total Reportable Segments
Segment Reporting Information [Line Items]
Revenues	3,405.1	4,401.4	4,950.1
Expenses	1,974.6	2,492.4	2,706.4
Other income (loss)	0.0	0.0	0.0
Distributable earnings	1,430.5	1,909.0	2,243.7
Total assets	13,898.1	14,792.8	14,498.2
Consolidated Funds \| Consolidated Funds
Segment Reporting Information [Line Items]
Revenues	570.1	311.0	253.2
Expenses	460.3	255.3	217.8
Other income (loss)	6.9	(41.5)	2.5
Distributable earnings	116.7	14.2	37.9
Total assets	7,805.5	7,213.3	6,948.0
Reconciling Items
Segment Reporting Information [Line Items]
Revenues	(1,011.3)	(273.7)	3,578.8
Expenses	1,136.8	77.0	1,832.9
Other income (loss)	0.0	0.0	0.0
Distributable earnings	(2,148.1)	(350.7)	1,745.9
Total assets	$ (527.6)	$ (603.1)	$ (195.8)

Segment Reporting - Reconciliation of Income Before Provision for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Income before provision for income taxes	$ (600.9)	$ 1,572.5	$ 4,027.5
Adjustments:
Unrealized principal investment (income) loss	44.8	1,898.0	6,721.9
Equity-based compensation	249.1	154.0	163.1
Net income attributable to non-controlling interests in consolidated entities	111.7	59.7	70.5
Right-of-use asset impairment			26.8
Total Reportable Segments
Adjustments:
Net unrealized performance and fee related performance revenues	1,659.2	(183.7)	(1,606.2)
Distributable Earnings			2,243.7
Realized principal investment income			209.5
Net interest			93.5
Fee Related Earnings			598.1
Reconciling Items
Adjustments:
Equity-based compensation	260.1	161.9	172.9
Acquisition or disposition-related charges and amortization of intangibles and impairment	145.3	187.4	37.7
Net income attributable to non-controlling interests in consolidated entities	(111.7)	(59.7)	(70.5)
Tax (expense) benefit associated with certain foreign performance revenues	(1.0)	3.0	(17.1)
Debt extinguishment costs	0.0	0.0	10.2
Right-of-use asset impairment	0.0	0.0	26.8
Other adjustments	11.6	12.4	14.2
Distributable Earnings	1,430.5	1,909.0	2,243.7
Fee Related Earnings	859.4	834.4	598.1
Unrealized principal investment income (loss) \| Reconciling Items
Adjustments:
Unrealized principal investment (income) loss	(36.1)	38.3	(351.8)
Unrealized principal investment income (loss) \| Reconciling Items \| Fortitude Holdings
Adjustments:
Principal investment loss from dilution of indirect investment in Fortitude	104.0	176.9	0.0
Performance allocations
Adjustments:
Unrealized principal investment (income) loss	(88.6)	1,327.5	6,084.6
Realized performance revenues, net of related compensation	$ (1,192.3)	$ 607.6	3,123.6
Performance allocations \| Total Reportable Segments
Adjustments:
Realized performance revenues, net of related compensation			$ 1,529.6

Equity-Based Compensation - Summary of Status of Non-Vested Equity-Based Awards (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Weighted- Average Grant Date Fair Value
shares reserved for future issuance	300,000
Restricted Stock Units
Weighted- Average Grant Date Fair Value
Awards granted (in shares)			7,100,000
Vesting period	4 years		4 years
Restricted Stock Units \| Chief Executive Officer
Weighted- Average Grant Date Fair Value
Awards granted (in shares)	6,800,000
The Carlyle Group, L.P. \| Equity Settled Awards \| Restricted Stock Units
Units
Beginning balance (in shares)	10,865,248	14,775,651	8,523,082
Granted (in shares)	18,273,547	4,216,827	11,207,062
Vested (in shares)	5,280,029	5,805,437	4,625,457
Forfeited (in shares)	1,685,119	2,321,793	329,036
Ending balance (in shares)	22,173,647	10,865,248	14,775,651
Weighted- Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 35.78	$ 30.70	$ 21.70
Granted (in dollars per share)	29.88	40.35	31.64
Vested (in dollars per share)	31.86	28.15	22.64
Forfeited (in dollars per share)	32.24	30.84	31.02
Ending balance (in dollars per share)	$ 32.12	$ 35.78	$ 30.70
The Carlyle Group, L.P. \| Equity Settled Awards \| Unvested Common Units
Units
Beginning balance (in shares)	452,880	635,430	748,344
Granted (in shares)	258,579	188,223	291,396
Vested (in shares)	252,530	370,773	404,310
Forfeited (in shares)	0	0	0
Ending balance (in shares)	458,929	452,880	635,430
Weighted- Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 39.73	$ 29.27	$ 25.39
Granted (in dollars per share)	39.73	49.06	32.93
Vested (in dollars per share)	34.85	26.54	24.73
Forfeited (in dollars per share)	37.91	0	0
Ending balance (in dollars per share)	$ 37.87	$ 39.73	$ 29.27

Fair Value Measurement - Changes in Financial Assets Using Level III Inputs (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) collateralized_Loan_obligation	Dec. 31, 2022 USD ($) collateralized_Loan_obligation
Realized and unrealized gains (losses), net
Number of CLOs consolidated during period \| collateralized_Loan_obligation	3	1
Equity securities
Realized and unrealized gains (losses), net
Fair value, asset, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income	Net investment income (loss) of Consolidated Funds	Net investment income (loss) of Consolidated Funds
Fair value, asset, recurring basis, unobservable input reconciliation, asset, gain (loss), statement of other comprehensive income or comprehensive income	Other Comprehensive Income (Loss), Net of Tax	Other Comprehensive Income (Loss), Net of Tax
Fair value, asset, recurring basis, still held, unrealized gain (loss), statement of income or comprehensive income	Net investment income (loss) of Consolidated Funds	Net investment income (loss) of Consolidated Funds
Bonds
Realized and unrealized gains (losses), net
Fair value, asset, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income	Net investment income (loss) of Consolidated Funds	Net investment income (loss) of Consolidated Funds
Fair value, asset, recurring basis, unobservable input reconciliation, asset, gain (loss), statement of other comprehensive income or comprehensive income	Other Comprehensive Income (Loss), Net of Tax	Other Comprehensive Income (Loss), Net of Tax
Fair value, asset, recurring basis, still held, unrealized gain (loss), statement of income or comprehensive income	Net investment income (loss) of Consolidated Funds	Net investment income (loss) of Consolidated Funds
Loans
Realized and unrealized gains (losses), net
Fair value, asset, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income	Net investment income (loss) of Consolidated Funds	Net investment income (loss) of Consolidated Funds
Fair value, asset, recurring basis, unobservable input reconciliation, asset, gain (loss), statement of other comprehensive income or comprehensive income	Other Comprehensive Income (Loss), Net of Tax	Other Comprehensive Income (Loss), Net of Tax
Fair value, asset, recurring basis, still held, unrealized gain (loss), statement of income or comprehensive income	Net investment income (loss) of Consolidated Funds	Net investment income (loss) of Consolidated Funds
Investments in CLOs
Realized and unrealized gains (losses), net
Fair value, asset, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income	Investment income	Investment income
Fair value, asset, recurring basis, unobservable input reconciliation, asset, gain (loss), statement of other comprehensive income or comprehensive income	Other Comprehensive Income (Loss), Net of Tax	Other Comprehensive Income (Loss), Net of Tax
Fair value, asset, recurring basis, still held, unrealized gain (loss), statement of income or comprehensive income	Investment income	Investment income
Other investments
Realized and unrealized gains (losses), net
Fair value, asset, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income	Investment income	Investment income
Fair value, asset, recurring basis, unobservable input reconciliation, asset, gain (loss), statement of other comprehensive income or comprehensive income	Other Comprehensive Income (Loss), Net of Tax	Other Comprehensive Income (Loss), Net of Tax
Fair value, asset, recurring basis, still held, unrealized gain (loss), statement of income or comprehensive income	Investment income	Investment income
Level III
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	$ 6,983.9	$ 6,955.3
Deconsolidation of funds	(449.5)	(47.7)
Purchases	2,806.2	3,751.2
Sales and distributions	(1,586.2)	(2,219.4)
Settlements	(748.6)	(651.4)
Realized and unrealized gains (losses), net
Included in earnings	241.4	(485.2)
Included in other comprehensive income	132.2	(318.9)
Balance, end of period	7,379.4	6,983.9
Changes in unrealized gains (losses) included in earnings related to financial assets still held at the reporting date	178.1	(478.5)
Changes in unrealized gains (losses) included in other comprehensive income related to financial assets still held at the reporting date	125.0	(210.5)
Level III \| Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	430.6	17.9
Deconsolidation of funds	(20.0)	(47.7)
Purchases	85.8	486.5
Sales and distributions	(104.5)	(14.5)
Settlements	0.0	0.0
Realized and unrealized gains (losses), net
Included in earnings	(14.4)	(10.9)
Included in other comprehensive income	0.1	(0.7)
Balance, end of period	377.6	430.6
Changes in unrealized gains (losses) included in earnings related to financial assets still held at the reporting date	(15.7)	(16.4)
Changes in unrealized gains (losses) included in other comprehensive income related to financial assets still held at the reporting date	0.1	(0.6)
Level III \| Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	594.9	599.5
Deconsolidation of funds	0.0	0.0
Purchases	168.9	515.4
Sales and distributions	(269.0)	(419.6)
Settlements	(8.2)	(1.6)
Realized and unrealized gains (losses), net
Included in earnings	21.0	(60.5)
Included in other comprehensive income	14.9	(38.3)
Balance, end of period	522.5	594.9
Changes in unrealized gains (losses) included in earnings related to financial assets still held at the reporting date	13.8	(56.9)
Changes in unrealized gains (losses) included in other comprehensive income related to financial assets still held at the reporting date	12.4	(16.5)
Level III \| Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	5,352.9	5,898.1
Deconsolidation of funds	(429.5)	0.0
Purchases	2,549.5	2,485.0
Sales and distributions	(1,151.2)	(1,738.7)
Settlements	(740.4)	(649.8)
Realized and unrealized gains (losses), net
Included in earnings	182.7	(392.7)
Included in other comprehensive income	98.1	(249.0)
Balance, end of period	5,862.1	5,352.9
Changes in unrealized gains (losses) included in earnings related to financial assets still held at the reporting date	131.5	(380.6)
Changes in unrealized gains (losses) included in other comprehensive income related to financial assets still held at the reporting date	93.4	(162.5)
Level III \| Investments in CLOs
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	526.1	361.1
Deconsolidation of funds	0.0	0.0
Purchases	2.0	263.4
Sales and distributions	(58.0)	(41.9)
Settlements	0.0	0.0
Realized and unrealized gains (losses), net
Included in earnings	43.4	(25.6)
Included in other comprehensive income	19.1	(30.9)
Balance, end of period	532.6	526.1
Changes in unrealized gains (losses) included in earnings related to financial assets still held at the reporting date	43.3	(25.6)
Changes in unrealized gains (losses) included in other comprehensive income related to financial assets still held at the reporting date	19.1	(30.9)
Level III \| Other investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	79.4	78.7
Deconsolidation of funds	0.0	0.0
Purchases	0.0	0.9
Sales and distributions	(3.5)	(4.7)
Settlements	0.0	0.0
Realized and unrealized gains (losses), net
Included in earnings	8.7	4.5
Included in other comprehensive income	0.0	0.0
Balance, end of period	84.6	79.4
Changes in unrealized gains (losses) included in earnings related to financial assets still held at the reporting date	5.2	1.0
Changes in unrealized gains (losses) included in other comprehensive income related to financial assets still held at the reporting date	$ 0.0	$ 0.0

Non-controlling Interests in Consolidated Entities (Tables)

12 Months Ended

Dec. 31, 2023

Noncontrolling Interest [Abstract]

Components of non-controlling interests in consolidated entities

The components of the Company’s non-controlling interests in consolidated entities are as follows:


	As of December 31,
	2023	2022
	(Dollars in millions)
Non-Carlyle interests in Consolidated Funds	$415.3	$412.0
Non-Carlyle interests in majority-owned subsidiaries	184.5	186.9
Non-controlling interest in carried interest, giveback obligations and cash held for carried interest distributions	(6.7)	1.4
Non-controlling interests in consolidated entities	$593.1	$600.3

Components of non-controlling interests in income of consolidated entities

The components of the Company’s non-controlling interests in income of consolidated entities are as follows:


	Year Ended December 31,
	2023	2022	2021
	(Dollars in millions)
Non-Carlyle interests in Consolidated Funds	$82.6	$36.1	$2.7
Non-Carlyle interests in majority-owned subsidiaries	27.4	20.7	55.1
Non-controlling interest in carried interest, giveback obligations and cash held for carried interest distributions	1.7	2.9	12.7
Non-controlling interests in income of consolidated entities	$111.7	$59.7	$70.5

Investments - Investments in NGP (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Total	$ 3,024.1	$ 2,922.0
Investment in NGP Management
Schedule of Equity Method Investments [Line Items]
Total	370.5	369.7
Investments in NGP general partners - accrued performance allocations
Schedule of Equity Method Investments [Line Items]
Total	484.4	564.5
Principal investments in NGP funds
Schedule of Equity Method Investments [Line Items]
Total	61.3	81.5
Total investments in NGP
Schedule of Equity Method Investments [Line Items]
Total	$ 916.2	$ 1,015.7

Consolidated Statements of Operations - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Investment income	$ 44.8	$ 1,898.0	$ 6,721.9
Interest and other income	212.1	135.9	90.7
Interest and other income of Consolidated Funds	570.1	311.0	253.2
Total revenues	2,963.9	4,438.7	8,782.1
Compensation and benefits
Cash-based compensation and benefits	1,023.7	1,052.0	908.0
Equity-based compensation	249.1	154.0	163.1
Performance allocations and incentive fee related compensation	1,103.7	719.9	2,961.0
Total compensation and benefits	2,376.5	1,925.9	4,032.1
General, administrative and other expenses	652.1	575.8	431.7
Interest	123.8	110.4	113.3
Interest and other expenses of Consolidated Funds	419.1	211.6	178.5
Other non-operating expenses	0.2	1.0	1.5
Total expenses	3,571.7	2,824.7	4,757.1
Other income (loss)
Net investment income (loss) of Consolidated Funds	6.9	(41.5)	2.5
Income (loss) before provision for income taxes	(600.9)	1,572.5	4,027.5
Provision (benefit) for income taxes	(104.2)	287.8	982.3
Net income (loss)	(496.7)	1,284.7	3,045.2
Net income attributable to non-controlling interests in consolidated entities	111.7	59.7	70.5
Net income (loss) attributable to The Carlyle Group Inc.	$ (608.4)	$ 1,225.0	$ 2,974.7
Net income (loss) attributable to The Carlyle Group Inc. per common share (see Note 13)
Basic (in dollars per share)	$ (1.68)	$ 3.39	$ 8.37
Diluted (in dollars per share)	$ (1.68)	$ 3.35	$ 8.20
Weighted-average common shares
Basic (in shares)	361,395,823	361,278,064	355,241,653
Diluted (in shares)	361,395,823	365,707,722	362,574,564
Fund management fees
Revenues
Fund management fees and incentive fees	$ 2,043.2	$ 2,030.1	$ 1,667.5
Incentive fees
Revenues
Fund management fees and incentive fees	93.7	63.7	48.8
Performance allocations
Revenues
Investment income	(88.6)	1,327.5	6,084.6
Compensation and benefits
Performance allocations and incentive fee related compensation	1,103.7	719.9	2,961.0
Principal investment income
Revenues
Investment income	$ 133.4	$ 570.5	$ 637.3

Related Party Transactions - Due from Affiliates and Other Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Due from affiliates and other receivables, net	$ 691.6	$ 579.4
Affiliates
Related Party Transaction [Line Items]
Due from affiliates and other receivables, net	691.6	579.4
Accrued incentive fees \| Affiliates
Related Party Transaction [Line Items]
Due from affiliates and other receivables, net	22.9	16.4
Unbilled receivable for giveback obligations from current and former employees \| Affiliates
Related Party Transaction [Line Items]
Due from affiliates and other receivables, net	11.5	10.4
Notes receivable and accrued interest from affiliates \| Affiliates
Related Party Transaction [Line Items]
Due from affiliates and other receivables, net	44.2	41.5
Management fee receivable, net \| Affiliates
Related Party Transaction [Line Items]
Due from affiliates and other receivables, net	277.8	220.4
Reimbursable expenses and other receivables from unconsolidated funds and affiliates, net \| Affiliates
Related Party Transaction [Line Items]
Due from affiliates and other receivables, net	$ 335.2	$ 290.7

Segment Reporting - Reconciliation of Fund Level Fee Revenues (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fund management fees
Segment Reporting Information [Line Items]
Fund management fees and incentive fees	$ 2,043.2	$ 2,030.1	$ 1,667.5
Fund management fees \| Global Investment Solutions
Segment Reporting Information [Line Items]
Fund management fees and incentive fees	2,043.2	2,030.1	1,667.5
Total Reportable Segments \| Global Investment Solutions
Segment Reporting Information [Line Items]
Fund management fees and incentive fees	246.0	222.9	228.9
Total Reportable Segments \| Fund management fees
Segment Reporting Information [Line Items]
Fund management fees and incentive fees			1,654.6
Total Reportable Segments \| Fund management fees \| Global Investment Solutions
Segment Reporting Information [Line Items]
Fund management fees and incentive fees	242.4	222.9	228.4
Adjustments \| Global Investment Solutions
Segment Reporting Information [Line Items]
Adjustments	(262.6)	(207.2)	(127.3)
Adjustments \| Fund management fees
Segment Reporting Information [Line Items]
Fund management fees and incentive fees	$ (31.1)	$ (26.6)	$ (24.0)

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Income Taxes - Reconciliation of the Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at January 1	$ 26.2	$ 20.6	$ 17.2
Additions based on tax positions related to current year	1.5	2.4	1.3
Additions for tax positions of prior years	1.6	5.3	2.6
Reductions for tax position of prior years	(0.2)	(1.6)	(0.5)
Reductions due to lapse of statute of limitations	(4.6)	(0.5)	0.0
Balance at December 31	$ 24.5	$ 26.2	$ 20.6

Investments (Tables)

12 Months Ended

Dec. 31, 2023

Investments [Abstract]

Schedule of investments

Investments consist of the following:


	As of December 31,
	2023	2022
	(Dollars in millions)
Accrued performance allocations	$6,169.9	$7,117.7
Principal equity method investments, excluding performance allocations	3,024.1	2,922.0
Principal investments in CLOs	532.6	526.1
Other investments	228.7	202.1
Total	$9,955.3	$10,767.9

Components of accrued performance fees

The components of accrued performance allocations are as follows:


	As of December 31,
	2023	2022
	(Dollars in millions)
Global Private Equity	$4,310.7	$5,577.1
Global Credit	323.4	193.9
Global Investment Solutions	1,535.8	1,346.7
Total	$6,169.9	$7,117.7

Components of accrued giveback obligations

The components of the accrued giveback obligations are as follows:


	As of December 31,
	2023	2022
	(Dollars in millions)
Global Private Equity	$(18.4)	$(18.4)
Global Credit	(25.6)	(22.5)
Total	$(44.0)	$(40.9)

Schedule of equity method investments

The Company’s principal equity method investments (excluding performance allocations) include its fund investments

in Global Private Equity, Global Credit, and Global Investment Solutions typically as general partner interests, and its

investments in Fortitude through a Carlyle-affiliated fund (included within Global Credit) and NGP (included within Global

Private Equity), which are not consolidated. Principal investments are related to the following segments:


	As of December 31,
	2023	2022
	(Dollars in millions)
Global Private Equity(1)	$1,798.3	$1,853.5
Global Credit(2)	987.4	974.2
Global Investment Solutions	238.4	94.3
Total	$3,024.1	$2,922.0

(1) The balance includes $916.2 million and $1,015.7 million as of December 31, 2023 and 2022, respectively, related to the Company’s equity method

investments in NGP.

(2) As of December 31, 2023 and December 31, 2022, the balance includes $595.4 million and $646.0 million, respectively, related to the Company’s

investment in Fortitude.

The Company’s investments in NGP as of December 31, 2023 and 2022 are

as follows:


	As of December 31,
	2023	2022
	(Dollars in millions)
Investment in NGP Management	$370.5	$369.7
Investments in NGP general partners - accrued performance allocations	484.4	564.5
Principal investments in NGP funds	61.3	81.5
Total investments in NGP	$916.2	$1,015.7

Schedule of equity method investment summarized income statement

The summarized financial information of the Company’s equity method investees from the date of initial investment is

as follows (Dollars in millions):


	Global Private Equity			Global Credit			Global Investment Solutions			Aggregate Totals
	For the Year Ended December 31,			For the Year Ended December 31,			For the Year Ended December 31,			For the Year Ended December 31,
	2023	2022	2021	2023	2022	2021	2023	2022	2021	2023	2022	2021
Statement of operations information
Investment income	$2,652.7	$3,129.1	$1,736.4	$3,497.5	$1,803.9	$2,000.5	$74.8	$115.2	$107.2	$6,225.0	$5,048.2	$3,844.1
Expenses	2,320.4	2,151.6	1,511.4	1,019.5	591.8	448.5	1,238.5	1,139.2	1,524.2	4,578.4	3,882.6	3,484.1
Net investment income (loss)	332.3	977.5	225.0	2,478.0	1,212.1	1,552.0	(1,163.7)	(1,024.0)	(1,417.0)	1,646.6	1,165.6	360.0
Net realized and unrealized gain (loss)	2,980.0	10,643.7	26,875.3	224.7	(1.9)	918.1	4,159.4	2,876.1	10,593.0	7,364.1	13,517.9	38,386.4
Net income (loss)	$3,312.2	$11,621.2	$27,100.3	$2,702.7	$1,210.2	$2,470.1	$2,995.7	$1,852.1	$9,176.0	$9,010.7	$14,683.5	$38,746.4

Schedule of equity method investment summarized balance sheet Information


	Global Private Equity		Global Credit		Global Investment Solutions		Aggregate Totals
	As of December 31,		As of December 31,		As of December 31,		As of December 31,
	2023	2022	2023	2022	2023	2022	2023	2022
Balance sheet information
Investments	$102,536.5	$115,130.1	$26,814.0	$24,555.6	$40,170.7	$32,326.2	$169,521.2	$172,011.9
Total assets	$106,116.6	$118,731.6	$32,803.3	$25,476.7	$40,156.2	$32,294.5	$179,076.1	$176,502.8
Debt	$8,355.4	$15,924.8	$6,601.0	$5,150.3	$2,305.2	$2,261.2	$17,261.6	$23,336.3
Other liabilities	$1,329.3	$1,338.3	$777.7	$418.0	$2,149.7	$825.6	$4,256.7	$2,581.9
Total liabilities	$9,684.7	$17,263.1	$7,378.7	$5,568.3	$4,454.9	$3,086.8	$21,518.3	$25,918.2
Partners’ capital	$96,431.9	$101,468.5	$25,424.6	$19,908.4	$35,701.3	$29,207.7	$157,557.8	$150,584.6

Schedule of net investment income (loss)

The net investment income (loss) recognized in the Company’s consolidated statements

of operations for the years ended December 31, 2023, 2022 and 2021 were as follows:


	Year Ended December 31,
	2023	2022	2021
	(Dollars in millions)
Management fee related revenues from NGP Management	$78.6	$71.0	$72.9
Expenses related to the investment in NGP Management	(13.8)	(11.5)	(10.8)
Amortization of basis differences from the investment in NGP Management	—	(1.4)	(2.9)
Net investment income from NGP Management	$64.8	$58.1	$59.2

Components of investment income (loss)

The components of investment income (loss) are as follows:


	Year Ended December 31,
	2023	2022	2021
	(Dollars in millions)
Performance allocations
Realized	$867.0	$2,048.8	$2,956.7
Unrealized	(955.6)	(721.3)	3,127.9
	(88.6)	1,327.5	6,084.6
Principal investment income (loss) from equity method investments (excluding performance allocations)
Realized	231.7	73.1	266.2
Unrealized	(115.1)	546.4	290.8
	116.6	619.5	557.0
Principal investment income (loss) from investments in CLOs and other investments
Realized	(1.1)	5.0	1.9
Unrealized(1)	17.9	(54.0)	78.4
	16.8	(49.0)	80.3
Total	$44.8	$1,898.0	$6,721.9

(1) The years ended December 31, 2023 and December 31, 2021 include an investment loss of $13.3 million and investment income of $49.8 million,

respectively, associated with the remeasurement of a corporate investment, resulting from observable price changes pursuant to ASC 321, Investments

- Equity Securities.

Performance allocations included in revenues

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


	Year Ended December 31,
	2023	2022	2021
	(Dollars in millions)
Global Private Equity	$(551.5)	$1,098.3	$5,223.2
Global Credit	163.7	24.0	156.6
Global Investment Solutions	299.2	205.2	704.8
Total	$(88.6)	$1,327.5	$6,084.6

The following tables summarize the funds that are the primary drivers of performance allocations for the years ended

December 31, 2023, 2022, and 2021, as well as the total revenue recognized, including performance allocations as well as fund

management fees and principal investment income:


Year Ended December 31, 2023
(Dollars in millions)
Global Private Equity	CP VI	$(238.0)
Global Private Equity	CP VII	(391.8)


Year Ended December 31, 2022
(Dollars in millions)
Global Private Equity	CP VI	$(436.9)


Year Ended December 31, 2021
(Dollars in millions)
Global Private Equity	CP VI	$1,453.1
Global Private Equity	CP VII	988.4

Schedule of income (loss) from principal investments

Carlyle’s income (loss) from its principal equity method investments consists of:


	Year Ended December 31,
	2023	2022	2021
	(Dollars in millions)
Global Private Equity	$157.6	$744.8	$346.7
Global Credit	(60.0)	(134.8)	183.4
Global Investment Solutions	19.0	9.5	26.9
Total	$116.6	$619.5	$557.0

Investments held by consolidated funds

The following table presents a summary of the investments held by the Consolidated Funds. Investments held by the

Consolidated Funds do not represent the investments of all Carlyle sponsored funds.


	Fair Value		Percentage of Investments of Consolidated Funds
	Fair Value		Percentage of Investments of Consolidated Funds
Geographic Region/Instrument Type/ Industry	December 31,		December 31,
Description or Investment Strategy	2023	2022	2023	2022
	(Dollars in millions)
United States
Equity securities:
Infrastructure	$366.5	413.4	5.05%	6.00%
Other	7.8	13.9	0.11%	0.20%
Total equity securities (cost of $397.3 and $436.0 at December 31, 2023 and 2022, respectively)	374.3	427.3	5.16%	6.20%
Partnership and LLC interests:
Fund Investments	$490.9	$515.9	6.77%	7.48%
Total Partnership and LLC interests (cost of $389.2 and $504.2 at December 31, 2023 and 2022, respectively)	490.9	515.9	6.77%	7.48%
Loans:
Aerospace & Defense	$10.1	$10.9	0.14%	0.16%
Collateralized Debt Obligation	13.0	11.6	0.18%	0.17%
Environmental Industries	0.9	0.9	0.01%	0.01%
Education	14.7	—	0.20%	—%
Total loans (cost of $36.3 and $26.4 at December 31, 2023 and 2022, respectively)	38.7	23.4	0.53%	0.34%
Assets of the CLOs:
Bonds	$80.5	$57.5	1.11%	0.83%
Equity	2.0	1.3	0.03%	0.02%
Loans	3,100.0	2,717.9	42.74%	39.42%
Total assets of the CLOs (cost of $3,256.0 and $2,974.2 at December 31, 2023 and 2022, respectively)	3,182.5	2,776.7	43.88%	40.27%
Total United States	$4,086.4	$3,743.3	56.34%	54.29%


Europe
Assets of the CLOs:
Bonds	$437.9	$533.5	6.04%	7.74%
Equity	1.3	2.1	0.02%	0.03%
Loans	2,652.6	2,527.2	36.57%	36.66%
Total assets of the CLOs (cost of $3,231.8 and $3,334.0 at December 31, 2023 and 2022, respectively)	3,091.8	3,062.8	42.63%	44.43%
Total Europe	$3,091.8	$3,062.8	42.63%	44.43%
Global
Assets of the CLOs:
Bonds	$4.1	$3.9	0.06%	0.06%
Loans	70.8	84.4	0.97%	1.22%
Total assets of the CLOs (cost of $77.3 and $96.7 at December 31, 2023 and 2022, respectively)	74.9	88.3	1.03%	1.28%
Total Global	$74.9	$88.3	1.03%	1.28%
Total investments of Consolidated Funds (cost of $7,387.9 and $7,371.5 at December 31, 2023 and 2022, respectively)	$7,253.1	$6,894.4	100.00%	100.00%

Components of interest and other income of consolidated funds

The components of interest and other income of Consolidated Funds are as follows:


	Year Ended December 31,
	2023	2022	2021
	(Dollars in millions)
Interest income from investments	$512.4	$282.3	$231.3
Other income	57.7	28.7	21.9
Total	$570.1	$311.0	$253.2

Components of net investment income (loss) of consolidated funds

The components of net

investment income (loss) of Consolidated Funds are as follows:


	Year Ended December 31,
	2023	2022	2021
	(Dollars in millions)
Gains (losses) from investments of Consolidated Funds	$246.9	$(408.1)	$76.6
Gains (losses) from liabilities of CLOs	(240.0)	366.6	(74.1)
Total	$6.9	$(41.5)	$2.5

Schedule of realized and unrealized gains (losses) earned from investments of consolidated funds

The following table presents realized and unrealized gains (losses) earned from investments of the Consolidated

Funds:


	Year Ended December 31,
	2023	2022	2021
	(Dollars in millions)
Realized gains (losses)	$(80.8)	$(29.6)	$9.6
Net change in unrealized gains (losses)	327.7	(378.5)	67.0
Total	$246.9	$(408.1)	$76.6

Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current
Federal income tax	$ 186.0	$ 263.6	$ 351.3
State and local income tax	29.1	30.4	59.6
Foreign income tax	46.2	55.6	56.5
Total current	261.3	349.6	467.4
Deferred
Federal income tax	(333.4)	(25.1)	450.7
State and local income tax	(26.0)	(3.3)	48.9
Foreign income tax	(6.1)	(33.4)	15.3
Total deferred	(365.5)	(61.8)	514.9
Total provision (benefit) for income taxes	$ (104.2)	$ 287.8	$ 982.3

Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Summary of basic and diluted net income per common unit

Basic and diluted net income (loss) per common share are calculated as follows:


	Year Ended December 31, 2023		Year Ended December 31, 2022		Year Ended December 31, 2021
	Basic	Diluted	Basic	Diluted	Basic	Diluted
Net income (loss) attributable to common shares	$(608,400,000)	$(608,400,000)	$1,225,000,000	$1,225,000,000	$2,974,700,000	$2,974,700,000
Weighted-average common shares outstanding	361,395,823	361,395,823	361,278,064	365,707,722	355,241,653	362,574,564
Net income (loss) per common share	$(1.68)	$(1.68)	$3.39	$3.35	$8.37	$8.20

Summary of weighted-average common units outstanding, basic and diluted

The weighted-average common shares outstanding, basic and diluted, are calculated as follows:


	Year Ended December 31, 2023		Year Ended December 31, 2022		Year Ended December 31, 2021
	Basic	Diluted	Basic	Diluted	Basic	Diluted
The Carlyle Group Inc. weighted-average common shares outstanding	361,395,823	361,395,823	361,278,064	361,278,064	355,241,653	355,241,653
Unvested restricted stock units	—	—	—	2,394,372	—	4,713,277
Issuable common shares and performance- vesting restricted stock units	—	—	—	2,035,286	—	2,619,634
Weighted-average common shares outstanding	361,395,823	361,395,823	361,278,064	365,707,722	355,241,653	362,574,564

Commitments and Contingencies - Additional Information (Details) R$ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) employee	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 BRL (R$)
Loss Contingencies [Line Items]
Accrued giveback obligations	$ 44.0	$ 40.9
Due from affiliates and other receivables, net	691.6	579.4
Amount of giveback obligation of current and former related parties	20.3
Amount of net accrued giveback obligation of subsidiary	$ 23.7
Options to extend (up to)	5 years			5 years
Options to terminate (within)	1 year
Right-of-use asset impairment			$ 26.8
Operating lease cost	$ 58.5	56.3	$ 55.5
Number of employees serving on board of directors \| employee	2
Proceeds from sale of investment	$ 87.5
Loss contingency accrual	$ 35.0
Minimum
Loss Contingencies [Line Items]
Term of lease	1 year			1 year
Maximum
Loss Contingencies [Line Items]
Term of lease	13 years			13 years
Affiliates
Loss Contingencies [Line Items]
Due from affiliates and other receivables, net	$ 691.6	579.4
Affiliates \| Unbilled receivable for giveback obligations from current and former employees
Loss Contingencies [Line Items]
Due from affiliates and other receivables, net	11.5	10.4
Revolving Credit Facility for funds
Loss Contingencies [Line Items]
Guarantor obligations, current carrying value	10.4
Contingent Obligations Giveback
Loss Contingencies [Line Items]
Cash withheld from carried interest distributions for potential giveback obligations	145.4	$ 135.9
Amount of realized and distributed carried interest subject to potential giveback on after-tax basis	1,600.0
Amount of realized and distributed carried interest subject to potential giveback on after-tax basis, responsibility of current and former senior Carlyle professionals	700.0
Indemnifications
Loss Contingencies [Line Items]
Guaranteed loans	$ 20.6			R$ 100.0

Intangible Assets and Goodwill - Carrying Amount of Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Acquired contractual rights	$ 924.1	$ 920.2
Accumulated amortization	(262.0)	(126.3)
Finite-lived intangible assets, net	662.1	793.9
Goodwill	104.0	103.9
Intangible Assets, net	$ 766.1	$ 897.8

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Segment Reporting - Reportable Segments Financial Data (Details) - USD ($) $ in Millions			12 Months Ended
	Aug. 31, 2021	Apr. 01, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fund level fee revenues
Investment income			$ 44.8	$ 1,898.0	$ 6,721.9
Interest income			212.1	135.9	90.7
Total revenues			2,963.9	4,438.7	8,782.1
Compensation and benefits
Cash-based compensation and benefits			1,023.7	1,052.0	908.0
Realized performance revenues related compensation			1,103.7	719.9	2,961.0
Total compensation and benefits			2,376.5	1,925.9	4,032.1
General, administrative and other expenses			652.1	575.8	431.7
Interest expense			123.8	110.4	113.3
Total expenses			3,571.7	2,824.7	4,757.1
Segment assets			21,176.0	21,403.0	21,250.4
Disposal group, not discontinued operation, gain (loss) on disposal, statement of income or comprehensive income		Other Nonoperating Income (Expense)
Brazilian management entity
Compensation and benefits
Equity interest sold (percent)	100.00%
Loss on the sale and related transaction costs	$ 4.7
Foreign currency translation loss	$ 14.7
MRE
Compensation and benefits
Equity interest sold (percent)		100.00%
Loss on the sale and related transaction costs		$ 5.0
Total Reportable Segments
Fund level fee revenues
Interest income					7.2
Total revenues			3,405.1	4,401.4	4,950.1
Compensation and benefits
Cash-based compensation and benefits					891.5
Total compensation and benefits					2,300.5
General, administrative and other expenses					267.6
Depreciation and amortization expense					37.6
Interest expense					100.7
Total expenses			1,974.6	2,492.4	2,706.4
Distributable Earnings					2,243.7
Realized principal investment income					209.5
Net interest					93.5
Fee Related Earnings					598.1
Segment assets			13,898.1	14,792.8	14,498.2
Total Reportable Segments \| Global Segments
Fund level fee revenues
Total fund level fee revenues			2,305.8	2,237.3	1,794.8
Interest income			72.2	32.8
Total revenues			3,405.1	4,401.4
Compensation and benefits
Cash-based compensation and benefits			1,031.9	994.2
Total compensation and benefits			1,439.2	1,976.4
General, administrative and other expenses			376.5	369.8
Depreciation and amortization expense			38.0	38.9
Interest expense			120.9	107.3
Total expenses			1,974.6	2,492.4
Distributable Earnings			1,430.5	1,909.0
Realized principal investment income			88.8	150.6
Net interest			48.7	74.5
Fee Related Earnings			859.4	834.4
Segment assets			13,898.1	14,792.8
Total Reportable Segments \| Global Private Equity
Fund level fee revenues
Total fund level fee revenues			1,396.5	1,399.8	1,146.1
Interest income			31.6	14.9	1.4
Total revenues			2,278.5	3,180.0	4,073.1
Compensation and benefits
Cash-based compensation and benefits			583.8	598.3	546.2
Total compensation and benefits			891.9	1,349.8	1,789.8
General, administrative and other expenses			221.9	235.3	172.5
Depreciation and amortization expense			26.0	25.6	25.1
Interest expense			66.9	63.7	63.8
Total expenses			1,206.7	1,674.4	2,051.2
Distributable Earnings			1,071.8	1,505.6	2,021.9
Realized principal investment income			45.3	108.7	167.8
Net interest			35.3	48.8	62.4
Fee Related Earnings			564.8	540.6	402.3
Segment assets			8,442.5	9,790.8
Total Reportable Segments \| Global Credit
Fund level fee revenues
Total fund level fee revenues			663.3	614.6	419.8
Interest income			34.7	15.3	5.6
Total revenues			778.6	799.5	451.3
Compensation and benefits
Cash-based compensation and benefits			324.5	284.2	237.1
Total compensation and benefits			344.8	345.5	234.4
General, administrative and other expenses			106.8	97.7	63.1
Depreciation and amortization expense			7.6	8.2	8.0
Interest expense			45.0	32.6	26.1
Total expenses			504.2	484.0	331.6
Distributable Earnings			274.4	315.5	119.7
Realized principal investment income			37.1	38.1	31.9
Net interest			10.3	17.3	20.5
Fee Related Earnings			224.4	224.5	111.6
Segment assets			3,282.8	3,141.6
Total Reportable Segments \| Global Investment Solutions
Fund level fee revenues
Total fund level fee revenues			246.0	222.9	228.9
Interest income			5.9	2.6	0.2
Total revenues			348.0	421.9	425.7
Compensation and benefits
Cash-based compensation and benefits			123.6	111.7	108.2
Total compensation and benefits			202.5	281.1	276.3
General, administrative and other expenses			47.8	36.8	32.0
Depreciation and amortization expense			4.4	5.1	4.5
Interest expense			9.0	11.0	10.8
Total expenses			263.7	334.0	323.6
Distributable Earnings			84.3	87.9	102.1
Realized principal investment income			6.4	3.8	9.8
Net interest			3.1	8.4	10.6
Fee Related Earnings			70.2	69.3	84.2
Segment assets			2,172.8	1,860.4
Fund management fees
Fund level fee revenues
Total fund level fee revenues			2,043.2	2,030.1	1,667.5
Fund management fees \| Global Investment Solutions
Fund level fee revenues
Total fund level fee revenues			2,043.2	2,030.1	1,667.5
Fund management fees \| Total Reportable Segments
Fund level fee revenues
Total fund level fee revenues					1,654.6
Fund management fees \| Total Reportable Segments \| Global Segments
Fund level fee revenues
Total fund level fee revenues			2,064.4	1,996.9
Fund management fees \| Total Reportable Segments \| Global Private Equity
Fund level fee revenues
Total fund level fee revenues			1,309.8	1,300.9	1,111.8
Fund management fees \| Total Reportable Segments \| Global Credit
Fund level fee revenues
Total fund level fee revenues			512.2	473.1	314.4
Fund management fees \| Total Reportable Segments \| Global Investment Solutions
Fund level fee revenues
Total fund level fee revenues			242.4	222.9	228.4
Portfolio advisory and transaction fees, net and other \| Total Reportable Segments
Fund level fee revenues
Total fund level fee revenues					97.0
Portfolio advisory and transaction fees, net and other \| Total Reportable Segments \| Global Segments
Fund level fee revenues
Total fund level fee revenues			80.4	111.1
Portfolio advisory and transaction fees, net and other \| Total Reportable Segments \| Global Private Equity
Fund level fee revenues
Total fund level fee revenues			18.4	29.5	34.3
Portfolio advisory and transaction fees, net and other \| Total Reportable Segments \| Global Credit
Fund level fee revenues
Total fund level fee revenues			62.0	81.6	62.2
Portfolio advisory and transaction fees, net and other \| Total Reportable Segments \| Global Investment Solutions
Fund level fee revenues
Total fund level fee revenues			0.0	0.0	0.5
Fee related performance revenues \| Total Reportable Segments
Fund level fee revenues
Total fund level fee revenues					43.2
Fee related performance revenues \| Total Reportable Segments \| Global Segments
Fund level fee revenues
Total fund level fee revenues			161.0	129.3
Fee related performance revenues \| Total Reportable Segments \| Global Private Equity
Fund level fee revenues
Total fund level fee revenues			68.3	69.4	0.0
Fee related performance revenues \| Total Reportable Segments \| Global Credit
Fund level fee revenues
Total fund level fee revenues			89.1	59.9	43.2
Fee related performance revenues \| Total Reportable Segments \| Global Investment Solutions
Fund level fee revenues
Total fund level fee revenues			3.6	0.0	0.0
Performance allocations
Fund level fee revenues
Investment income			(88.6)	1,327.5	6,084.6
Compensation and benefits
Realized performance revenues related compensation			1,103.7	719.9	2,961.0
Realized net performance revenues			(1,192.3)	607.6	3,123.6
Performance allocations \| Total Reportable Segments
Fund level fee revenues
Investment income					2,938.6
Compensation and benefits
Realized performance revenues related compensation					1,409.0
Realized net performance revenues					1,529.6
Performance allocations \| Total Reportable Segments \| Global Segments
Fund level fee revenues
Investment income			938.3	1,980.7
Compensation and benefits
Realized performance revenues related compensation			407.3	982.2
Realized net performance revenues			531.0	998.5
Performance allocations \| Total Reportable Segments \| Global Private Equity
Fund level fee revenues
Investment income			805.1	1,656.6	2,757.8
Compensation and benefits
Realized performance revenues related compensation			308.1	751.5	1,243.6
Realized net performance revenues			497.0	905.1	1,514.2
Performance allocations \| Total Reportable Segments \| Global Credit
Fund level fee revenues
Investment income			43.5	131.5	(6.0)
Compensation and benefits
Realized performance revenues related compensation			20.3	61.3	(2.7)
Realized net performance revenues			23.2	70.2	(3.3)
Performance allocations \| Total Reportable Segments \| Global Investment Solutions
Fund level fee revenues
Investment income			89.7	192.6	186.8
Compensation and benefits
Realized performance revenues related compensation			78.9	169.4	168.1
Realized net performance revenues			10.8	23.2	18.7
Realized principal investment income
Fund level fee revenues
Investment income			133.4	570.5	637.3
Realized principal investment income \| Total Reportable Segments
Fund level fee revenues
Investment income					209.5
Realized principal investment income \| Total Reportable Segments \| Global Segments
Fund level fee revenues
Investment income			88.8	150.6
Realized principal investment income \| Total Reportable Segments \| Global Private Equity
Fund level fee revenues
Investment income			45.3	108.7	167.8
Realized principal investment income \| Total Reportable Segments \| Global Credit
Fund level fee revenues
Investment income			37.1	38.1	31.9
Realized principal investment income \| Total Reportable Segments \| Global Investment Solutions
Fund level fee revenues
Investment income			$ 6.4	$ 3.8	$ 9.8

Summary of Significant Accounting Policies - Revenue Recognition (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fund Management Fees
Period of time for which management fees will be received by partners from the initial closing date	10 years
Subsequent period in which management fees are recognized after these fees are called semi-annually fees in advance	6 months
Percentage of management fees for CLOs on the total par amount of assets in the fund	1.00%
Percentage of monthly management fee Equal to net asset value	1.25%
Transaction and portfolio advisory fee, rebate offset percentage	100.00%
Transaction and advisory fees	$ 68.6	$ 106.2	$ 90.7
Incentive Fees
Performance fees allocation percentage to partnership (percent)	20.00%
Accrued giveback obligations	$ 44.0	40.9
Interest Income
Interest income from investments	$ 512.4	$ 282.3	$ 231.3
Minimum
Fund Management Fees
Percentage of management fees earned	1.00%
Percentage of management fees earned from invested capital	1.00%
Extension period for fund closing	1 year
Percentage of management fees for CLOs on the total par amount of assets in the fund	0.40%
Period of management fees related to Collateralized Loan Obligation	5 years
Percentage of management fees for business development companies	1.00%
Percentage of management fees from funds of funds during the commitment fee period	0.25%
Percentage of management fees from funds of funds following the expiration of the weighted average investment period	0.25%
Incentive Fees
Percentage of allocation based performance fees related to fund of funds vehicles (percent)	2.00%
Percent of preferred returns (percent)	7.00%
Maximum
Fund Management Fees
Percentage of management fees earned	2.00%
Percentage of management fees earned from invested capital	2.00%
Extension period for fund closing	2 years
Percentage of management fees for CLOs on the total par amount of assets in the fund	0.50%
Period of management fees related to Collateralized Loan Obligation	10 years
Percentage of management fees for business development companies	1.50%
Percentage of management fees from funds of funds during the commitment fee period	1.50%
Percentage of management fees from funds of funds following the expiration of the weighted average investment period	1.50%
Incentive Fees
Percentage of allocation based performance fees related to fund of funds vehicles (percent)	12.50%
Percent of preferred returns (percent)	9.00%

Subsequent Events (Details)	1 Months Ended
Subsequent Events (Details)	Feb. 29, 2024 $ / shares
Subsequent event
Subsequent Event [Line Items]
Distributions declared per common unit (in dollars per share)	$ 0.35

Non-controlling Interests in Consolidated Entities - Partnership's Non-Controlling Interests in Income (Loss) of Consolidated Entities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Noncontrolling Interest [Line Items]
Non-controlling interests in income of consolidated entities	$ 111.7	$ 59.7	$ 70.5
Non-Carlyle interests in Consolidated Funds
Noncontrolling Interest [Line Items]
Net income (loss) attributable to other non-controlling interests in consolidated entities	82.6	36.1	2.7
Non-Carlyle interests in majority-owned subsidiaries
Noncontrolling Interest [Line Items]
Net income (loss) attributable to other non-controlling interests in consolidated entities	27.4	20.7	55.1
Non-controlling interest in carried interest, giveback obligations and cash held for carried interest distributions
Noncontrolling Interest [Line Items]
Net income (loss) attributable to other non-controlling interests in consolidated entities	$ 1.7	$ 2.9	$ 12.7

- Definition

Amount of Net Income (Loss) attributable to noncontrolling interest.

+ References + Details

Investments - Schedule of Investments as a Percentage of Investments of Consolidated Funds (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Investments of Consolidated Funds	$ 7,253.1	$ 6,894.4
Percentage of investments in Consolidated Funds	100.00%	100.00%
Minimum percent of aggregate assets for individual investments with fair value	5.00%
Assets of the CLOs - Equity
Schedule of Investments [Line Items]
Assets of CLOs	$ 1.3	$ 2.1
Percentage of assets of the CLOs	0.02%	0.03%
United States
Schedule of Investments [Line Items]
Investments of Consolidated Funds	$ 4,086.4	$ 3,743.3
Percentage of investments in Consolidated Funds	56.34%	54.29%
United States \| Equity securities
Schedule of Investments [Line Items]
Equity securities	$ 374.3	$ 427.3
Percentage of equity securities	5.16%	6.20%
United States \| Partnership and LLC interests
Schedule of Investments [Line Items]
Fund investments	$ 490.9	$ 515.9
Percentage of fund investments	6.77%	7.48%
United States \| Loans
Schedule of Investments [Line Items]
Loans	$ 38.7	$ 23.4
Loans percentage	0.53%	0.34%
United States \| Assets of the CLOs - Bonds
Schedule of Investments [Line Items]
Assets of CLOs	$ 80.5	$ 57.5
Percentage of assets of the CLOs	1.11%	0.83%
United States \| Assets of the CLOs - Equity
Schedule of Investments [Line Items]
Assets of CLOs	$ 2.0	$ 1.3
Percentage of assets of the CLOs	0.03%	0.02%
United States \| Assets of the CLOs - Loans
Schedule of Investments [Line Items]
Assets of CLOs	$ 3,100.0	$ 2,717.9
Percentage of assets of the CLOs	42.74%	39.42%
United States \| Total assets of the CLOs
Schedule of Investments [Line Items]
Assets of CLOs	$ 3,182.5	$ 2,776.7
Percentage of assets of the CLOs	43.88%	40.27%
Europe
Schedule of Investments [Line Items]
Investments of Consolidated Funds	$ 3,091.8	$ 3,062.8
Percentage of investments in Consolidated Funds	42.63%	44.43%
Europe \| Assets of the CLOs - Bonds
Schedule of Investments [Line Items]
Assets of CLOs	$ 437.9	$ 533.5
Percentage of assets of the CLOs	6.04%	7.74%
Europe \| Assets of the CLOs - Loans
Schedule of Investments [Line Items]
Assets of CLOs	$ 2,652.6	$ 2,527.2
Percentage of assets of the CLOs	36.57%	36.66%
Europe \| Total assets of the CLOs
Schedule of Investments [Line Items]
Assets of CLOs	$ 3,091.8	$ 3,062.8
Percentage of assets of the CLOs	42.63%	44.43%
Global
Schedule of Investments [Line Items]
Investments of Consolidated Funds	$ 74.9	$ 88.3
Percentage of investments in Consolidated Funds	1.03%	1.28%
Global \| Assets of the CLOs - Bonds
Schedule of Investments [Line Items]
Assets of CLOs	$ 4.1	$ 3.9
Percentage of assets of the CLOs	0.06%	0.06%
Global \| Assets of the CLOs - Loans
Schedule of Investments [Line Items]
Assets of CLOs	$ 70.8	$ 84.4
Percentage of assets of the CLOs	0.97%	1.22%
Global \| Total assets of the CLOs
Schedule of Investments [Line Items]
Assets of CLOs	$ 74.9	$ 88.3
Percentage of assets of the CLOs	1.03%	1.28%
Infrastructure \| United States \| Equity securities
Schedule of Investments [Line Items]
Equity securities	$ 366.5	$ 413.4
Percentage of equity securities	5.05%	6.00%
Aerospace & Defense \| United States \| Loans
Schedule of Investments [Line Items]
Loans	$ 10.1	$ 10.9
Loans percentage	0.14%	0.16%
Collateralized Debt Obligation \| United States \| Loans
Schedule of Investments [Line Items]
Loans	$ 13.0	$ 11.6
Loans percentage	0.18%	0.17%
Environmental Industries \| United States \| Loans
Schedule of Investments [Line Items]
Loans	$ 0.9	$ 0.9
Loans percentage	0.01%	0.01%
Education \| United States \| Loans
Schedule of Investments [Line Items]
Loans	$ 14.7	$ 0.0
Loans percentage	0.20%	0.00%
Other \| United States \| Equity securities
Schedule of Investments [Line Items]
Equity securities	$ 7.8	$ 13.9
Percentage of equity securities	0.11%	0.20%

Consolidated Statements of Changes in Equity - USD ($) $ in Millions	Total	Abingworth	Common Stock	Common Stock Abingworth	Additional Paid-in Capital	Additional Paid-in Capital Abingworth	Retained Earnings (Deficit)	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interests in Consolidated Entities
Beginning balance (in shares) at Dec. 31, 2020			353,500,000
Beginning balance at Dec. 31, 2020	$ 2,930.2		$ 3.5		$ 2,546.2		$ 348.2	$ (208.7)	$ 241.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares repurchased (in shares)			(3,200,000)
Shares repurchased	(161.8)						(161.8)
Equity-based compensation	166.7		$ 0.1		166.6
Shares issued for equity-based awards (in shares)			5,000,000.0
Shares issued for performance allocations (in shares)			100,000
Shares issued for performance allocations	4.8				4.8
Contributions	216.2								216.2
Dividends and distributions	(450.4)						(355.8)		(94.6)
Net income (loss)	3,045.2						2,974.7		70.5
Currency translation adjustments	(56.3)							(50.4)	(5.9)
Defined benefit plans, net	11.6							11.6
Ending balance (in shares) at Dec. 31, 2021			355,400,000
Ending balance at Dec. 31, 2021	5,706.2		$ 3.6		2,717.6		2,805.3	(247.5)	427.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares repurchased (in shares)			(5,000,000.0)
Shares repurchased	(185.6)						(185.6)
Equity-based compensation	$ 162.5				162.5
Shares issued for equity-based awards (in shares)			6,200,000
Shares issued for performance allocations (in shares)	850,110		900,000
Shares issued for performance allocations	$ 38.9				38.9
Shares issued related to the acquisition of CBAM and Abingworth (in shares)			4,200,000	600,000
Shares issued related to the acquisition of CBAM and Abingworth	194.5	$ 25.0			194.5	$ 25.0
Contributions	391.2								391.2
Dividends and distributions	(660.4)						(443.6)		(216.8)
Net income (loss)	1,284.7						1,225.0		59.7
Deconsolidation of Consolidated Entities	(47.6)								(47.6)
Non-controlling interests related to the acquisition of Abingworth	4.2								4.2
Currency translation adjustments	(107.8)							(90.2)	(17.6)
Defined benefit plans, net	$ 15.5							15.5
Ending balance (in shares) at Dec. 31, 2022	362,298,650		362,300,000
Ending balance at Dec. 31, 2022	$ 6,821.3		$ 3.6		3,138.5		3,401.1	(322.2)	600.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares repurchased (in shares)			(6,500,000)
Shares repurchased	(203.5)						(203.5)
Equity-based compensation	255.1				255.1
Shares issued for equity-based awards (in shares)			5,500,000
Dividend-equivalent rights on certain equity-based awards	$ 0.0				9.4		(9.4)
Shares issued for performance allocations (in shares)	0
Contributions	$ 177.0								177.0
Dividends and distributions	(637.4)						(497.7)		(139.7)
Net income (loss)	(496.7)						(608.4)		111.7
Deconsolidation of Consolidated Entities	(168.8)								(168.8)
Currency translation adjustments	41.7							29.1	12.6
Defined benefit plans, net	$ (4.2)							(4.2)
Ending balance (in shares) at Dec. 31, 2023	361,326,172		361,300,000
Ending balance at Dec. 31, 2023	$ 5,784.5		$ 3.6		$ 3,403.0		$ 2,082.1	$ (297.3)	$ 593.1

Fair Value Measurement - Partnership's Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Assets
Subtotal	$ 7,962.9	$ 7,577.8
Liabilities
Loans payable of Consolidated Funds	6,298.6	5,491.6
Total Liabilities	6,298.6	5,494.8
Senior and Subordinated Notes
Liabilities
Loans payable of Consolidated Funds	10.0
Senior secured notes
Liabilities
Loans payable of Consolidated Funds		235.6
Revolving Credit Facililty
Liabilities
Loans payable of Consolidated Funds	177.9	178.0
Equity securities \| Variable Interest Entity, Primary Beneficiary
Assets
Investments measured at net asset value	322.0	377.4
Foreign currency forward contracts
Liabilities
Foreign currency forward contracts		3.2
Fair Value, Inputs, Level 1, 2 and 3
Assets
Subtotal	7,460.9	7,049.3
Fair Value, Inputs, Level 1, 2 and 3 \| Equity securities
Assets
Investments of consolidated funds	377.6	430.6
Fair Value, Inputs, Level 1, 2 and 3 \| Bonds
Assets
Investments of consolidated funds	522.5	594.9
Fair Value, Inputs, Level 1, 2 and 3 \| Loans
Assets
Investments of consolidated funds	5,862.1	5,352.9
Fair Value, Inputs, Level 1, 2 and 3 \| Investments of Consolidated Funds
Assets
Investments of consolidated funds	6,762.2	6,378.4
Fair Value, Inputs, Level 1, 2 and 3 \| Investments in CLOs
Assets
Investments of consolidated funds	532.6	526.1
Fair Value, Inputs, Level 1, 2 and 3 \| Other investments
Assets
Investments of consolidated funds	166.1	122.6
Fair Value, Inputs, Level 1, 2 and 3 \| Investments in CLOs and other, and Partnership and LLC interests
Assets
Investments of consolidated funds	698.7	648.7
Fair Value, Inputs, Level 1, 2 and 3 \| Corporate treasury investments:
Assets
Subtotal		20.0
Fair Value, Inputs, Level 1, 2 and 3 \| Commercial paper and other
Assets
Subtotal		20.0
Fair Value, Inputs, Level 1, 2 and 3 \| Foreign currency forward contracts
Assets
Foreign currency forward contracts		2.2
Level I
Assets
Subtotal	38.7	1.6
Liabilities
Loans payable of Consolidated Funds	0.0	0.0
Total Liabilities	0.0	0.0
Level I \| Equity securities
Assets
Investments of consolidated funds	0.0	0.0
Level I \| Bonds
Assets
Investments of consolidated funds	0.0	0.0
Level I \| Loans
Assets
Investments of consolidated funds	0.0	0.0
Level I \| Investments of Consolidated Funds
Assets
Investments of consolidated funds	0.0	0.0
Level I \| Investments in CLOs
Assets
Investments of consolidated funds	0.0	0.0
Level I \| Other investments
Assets
Investments of consolidated funds	38.7	1.6
Level I \| Investments in CLOs and other, and Partnership and LLC interests
Assets
Investments of consolidated funds	38.7	1.6
Level I \| Corporate treasury investments:
Assets
Subtotal		0.0
Level I \| Commercial paper and other
Assets
Subtotal		0.0
Level I \| Foreign currency forward contracts
Assets
Foreign currency forward contracts		0.0
Liabilities
Foreign currency forward contracts		0.0
Level II
Assets
Subtotal	42.8	63.8
Liabilities
Loans payable of Consolidated Funds	0.0	0.0
Total Liabilities	0.0	3.2
Level II \| Equity securities
Assets
Investments of consolidated funds	0.0	0.0
Level II \| Bonds
Assets
Investments of consolidated funds	0.0	0.0
Level II \| Loans
Assets
Investments of consolidated funds	0.0	0.0
Level II \| Investments of Consolidated Funds
Assets
Investments of consolidated funds	0.0	0.0
Level II \| Investments in CLOs
Assets
Investments of consolidated funds	0.0	0.0
Level II \| Other investments
Assets
Investments of consolidated funds	42.8	41.6
Level II \| Investments in CLOs and other, and Partnership and LLC interests
Assets
Investments of consolidated funds	42.8	41.6
Level II \| Corporate treasury investments:
Assets
Subtotal		20.0
Level II \| Commercial paper and other
Assets
Subtotal		20.0
Level II \| Foreign currency forward contracts
Assets
Foreign currency forward contracts		2.2
Liabilities
Foreign currency forward contracts		3.2
Level III
Assets
Subtotal	7,379.4	6,983.9
Liabilities
Loans payable of Consolidated Funds	6,298.6	5,491.6
Total Liabilities	6,298.6	5,491.6
Level III \| Equity securities
Assets
Investments of consolidated funds	377.6	430.6
Investments measured at net asset value	50.4	58.2
Level III \| Bonds
Assets
Investments of consolidated funds	522.5	594.9
Subtotal		594.9
Level III \| Loans
Assets
Investments of consolidated funds	5,862.1	5,352.9
Subtotal		5,043.4
Level III \| Investments of Consolidated Funds
Assets
Investments of consolidated funds	6,762.2	6,378.4
Subtotal	6,762.2	6,378.4
Level III \| Investments in CLOs
Assets
Investments of consolidated funds	532.6	526.1
Level III \| Other investments
Assets
Investments of consolidated funds	84.6	79.4
Level III \| Investments in CLOs and other, and Partnership and LLC interests
Assets
Investments of consolidated funds	617.2	605.5
Level III \| Corporate treasury investments:
Assets
Subtotal		0.0
Level III \| Commercial paper and other
Assets
Subtotal		0.0
Level III \| Foreign currency forward contracts
Assets
Foreign currency forward contracts		0.0
Liabilities
Foreign currency forward contracts		0.0
Fair Value Measured at NAV
Assets
Subtotal	502.0
Investments measured at net asset value		$ 528.5
Fair Value Measured at NAV \| Investments of Consolidated Funds
Assets
Investments of consolidated funds	$ 490.9

Accrued Compensation and Benefits

12 Months Ended

Dec. 31, 2023

Retirement Benefits [Abstract]

Accrued Compensation and Benefits

8. Accrued Compensation and Benefits

Accrued compensation and benefits consist of the following:


	As of December 31,
	2023	2022
	(Dollars in millions)
Accrued performance allocations and incentive fee related compensation(1)	$4,255.8	$3,625.3
Accrued bonuses	498.2	466.6
Employment-based contingent cash consideration(2)	2.5	76.5
Accrued pension liability	13.1	9.5
Other(3)	152.6	143.0
Total	$4,922.2	$4,320.9

(1) Includes a one-time $1.1 billion charge to reflect the incremental expense on unrealized performance allocations and certain other interests that generate

returns based on performance allocations as of December 31, 2023 as a result of the updated employee compensation program, which increased the

proportion of performance allocations revenue that will be used to compensate employees.

(2)The acquisition of Carlyle Aviation Partners, Ltd. (“Carlyle Aviation Partners,” formerly known as Apollo Aviation Group) in December 2018 included an

earn-out of up to $150.0 million that was payable upon the achievement of certain revenue and earnings performance targets during 2020 through 2025,

which was accounted for as compensation expense. During the three months ended March 31, 2023, the Company entered into a termination and settlement

agreement with respect to the earn-out, pursuant to which the Company paid $68.6 million, based on Carlyle Aviation’s performance, and will pay an

aggregate $2.4 million in installments in 2024 and 2025. The acquisition of Abingworth LLP (“Abingworth”) in August 2022 included an earn-out of up to

$130 million payable upon the achievement of certain revenue and earnings performance targets during 2023 through 2028, which is accounted for as

compensation expense. See Note 3 for additional information.

(3) Includes $44.5 million and $26.7 million of realized performance allocations and incentive fee related compensation not yet paid to participants as of

December 31, 2023 and 2022, respectively.

The following table presents realized and unrealized performance allocations and incentive fee related compensation:


	Year Ended December 31,
	2023	2022	2021
	(Dollars in millions)
Realized	$473.8	$1,026.4	$1,414.5
Unrealized(1)	629.9	(306.5)	1,546.5
Total	$1,103.7	$719.9	$2,961.0

(1) Includes a one-time $1.1 billion charge to reflect the incremental expense on unrealized performance allocations as of December 31, 2023 as a result of the

updated employee compensation program, which increased the proportion of performance allocations revenue that will be used to compensate employees.

Certain employees of AlpInvest are covered by defined benefit pension plans sponsored by AlpInvest. As of December

31, 2023 and 2022, the benefit obligation of those pension plans totaled approximately $71.9 million and $60.6 million,

respectively. As of December 31, 2023 and 2022, the fair value of the plans’ assets was approximately $58.8 million and $51.1

million, respectively. At December 31, 2023 and 2022, the Company recognized a liability of $13.1 million and $9.5 million,

respectively, representing the funded status of the plans, which was included in accrued compensation and benefits in the

accompanying consolidated financial statements. For the years ended December 31, 2023, 2022 and 2021, the net periodic

benefit cost recognized was $1.7 million, $4.1 million and $6.1 million, respectively, which is included in cash-based

compensation and benefits expense (for the service cost component) and other non-operating expenses (for non-service cost

components) in the accompanying consolidated financial statements. No other employees of the Company are covered by

defined benefit pension plans.

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accrued performance allocations	$ 6,169.9	$ 7,117.7
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	100,000,000,000	100,000,000,000
Common stock, issued (in shares)	361,326,172	362,298,650
Common stock, outstanding (in shares)	361,326,172	362,298,650

Accrued Compensation and Benefits (Tables)

12 Months Ended

Dec. 31, 2023

Retirement Benefits [Abstract]

Components of accrued compensation and benefits

Accrued compensation and benefits consist of the following:


	As of December 31,
	2023	2022
	(Dollars in millions)
Accrued performance allocations and incentive fee related compensation(1)	$4,255.8	$3,625.3
Accrued bonuses	498.2	466.6
Employment-based contingent cash consideration(2)	2.5	76.5
Accrued pension liability	13.1	9.5
Other(3)	152.6	143.0
Total	$4,922.2	$4,320.9