Carlyle (CG)

Carlyle’s business is built around three main platforms. Its global private equity division includes corporate buyouts, growth equity, real estate, infrastructure, and natural resources strategies. The global credit platform provides lending and credit investment products across areas such as direct lending, liquid credit, structured credit, and opportunistic credit. Its investment solutions arm, known as AlpInvest, focuses on private equity fund investments, co-investments, and secondary transactions, giving clients access to diversified private market portfolios.

The company earns management fees on fee-earning assets under management and can also generate performance-related income when investment funds meet return thresholds. This model links Carlyle’s results to fundraising, asset growth, investment performance, realizations, and broader conditions in private capital markets.

Carlyle is among the best-known names in alternative investments, with operations spanning North America, Europe, Asia, and other major financial centers. Its scale, long operating history, and broad product range allow it to participate in multiple parts of the private markets cycle, from corporate acquisitions and infrastructure financing to private credit and secondaries. For public-market investors, CG offers exposure to the economics of a large alternative investment platform rather than direct ownership of the underlying private assets.