The Carlyle Group (CG)
Manages private equity, credit and AlpInvest fund solutions through a global platform.
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Manages private equity, credit and AlpInvest fund solutions through a global platform. Its operating model combines global reach with segment specialization, while results depend on investment performance, fundraising and portfolio realizations.
Manages private capital through three business lines: Global Private Equity, Global Credit and Carlyle AlpInvest. The platform spans direct private-equity strategies, lending and other credit strategies, and private-equity fund solutions.
Operates from a Washington base through offices across four continents. The model pairs global reach with segment specialization, while AlpInvest adds fund-of-funds, secondary and co-investment capabilities alongside Carlyle’s direct investment businesses.
Relies on investment performance, fundraising, portfolio realizations, access to credit and the ability to recruit and retain investment professionals. Regulation also shapes the business, and founder-level governance continues alongside chief executive Harvey Schwartz’s day-to-day leadership.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | UBS | Reiterate | Rating: —Target: $74 | Target: $70 |
| Aug 6, 2026 | Evercore ISI | Target | Target: $56 | Target: $51 |
| Aug 6, 2026 | Barclays | Reiterate | Rating: —Target: $57 | Target: $64 |
| Jul 21, 2026 | Morgan Stanley | Target | Target: $71 | Target: $57 |
| Jul 13, 2026 | BMO Capital | Reiterate | Rating: —Target: $65 | Target: $52 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.04B · Total debt $14.25B · Total assets $28.20B · Shareholders' equity $7.21B
- Revenue
- $1.15B
- Operating income
- $312.0M
- Net income
- $137.1M
HistoryDividendAnnual yield
| Institutions | 61.44% | 221.16M shares | |
|---|---|---|---|
| 617 holders · as of Jun 30, 2026 | |||
| Insiders | 25.75% | 92.70M shares | |
| 19 holders · as of Sep 11, 2026 | |||
| Strategic holders | 65.85% | 237.04M shares | |
| 1 holder · as of Jul 12, 2024 | |||
| Adds to | 153.04% | ||
359.97M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 153.04%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Carlyle Group Management L.L.C.1Strategic10 percent owner | 65.85% | 152.13M · 47.43M · 37.49M | filed Jul 12, 2024 |
Daniel A. D'Aniello2Insiderdirector | 9.03% | 32.50M | filed Apr 17, 2025 |
BlackRock, Inc.Institution | 8.89% | 31.98M | as of Jun 30, 2026 |
William E. Jr ConwayInsiderdirector | 7.50% | 27.00M | filed Sep 5, 2025 |
David M. RubensteinInsiderdirector | 7.47% | 26.90M | filed Sep 11, 2026 |
- Carlyle Group Management L.L.C.'s transaction reports restate only vehicles that traded; the 2022 ownership statement (152.13M) less the 17.0K net shares sold since is used instead.
- Daniel A. D'Aniello's transaction reports restate only vehicles that traded; the 2025 ownership statement (32.50M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | David M. Rubenstein | director | −400,000 | $42.74 |
| Mar 19, 2026 | David M. Rubenstein | director | −500,000 | $46.68 |
| Dec 10, 2025 | David M. Rubenstein | director | −625,000 | $56.55 |
- Blackstone
Broad-scale rival in buyouts, private credit, and secondaries
- KKR
Global rival across private-equity and credit strategies
- Apollo Global Management
Credit-heavy rival with buyout and secondaries capabilities
- Ares Management
Credit and secondaries specialist with a smaller private-equity arm
- Brookfield Asset Management
Real-assets-led manager also competing in private equity and credit
- TPG
Private-equity and credit rival spanning TPG and Angelo Gordon
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| The Carlyle Group | $40.46 | +0.57% | $14.48B | 41.8 | 9.8 | 3.7 | −29.3% |
| Blackstone | $120.74 | −2.64% | $149.80B | 27.6 | 18.8 | 9.3 | +2.4% |
| KKR | $97.31 | −1.15% | $88.39B | 31.0 | 13.8 | 4.2 | −44.8% |
| Apollo Global Management | $124.88 | +0.59% | $71.51B | 27.8 | 12.7 | 2.0 | +63.7% |
| Ares Management | $122.54 | −1.75% | $40.96B | 51.8 | 18.9 | 6.4 | +5.8% |
| Brookfield Asset Management | $45.50 | −1.12% | $73.47B | 26.7 | 22.6 | 13.6 | +58.7% |
| TPG | $45.47 | −0.32% | $17.49B | 52.4 | 14.2 | 3.7 | −31.8% |
| Median | 29.4 | 16.5 | 5.3 | +4.1% |