Carlyle Investment Management L.L.C.
- Regulatory AUM
- $284B
- Discretionary
- $201B
- Clients
- 612
- Avg AUM / client
- $464M
- Accounts
- 612
- Employees
- 1,040
AUM over time
Annual snapshots from Form ADV filings · as of Jul 07, 2026
Asset allocation (SMA assets by investment type)
as of Jul 07, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 595 | $203B | 71.7% |
| State or municipal government entities | 1 | — | — |
| Insurance companies | 15 | $80.4B | 28.3% |
| Other | 1 | $20.9M | 0.01% |
Private funds (286)
View all →Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $167B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Carlyle Partners Vii master | Private Equity Fund | Delaware | $22.5B | 837 |
| Carlyle Partners Viii master | Private Equity Fund | Delaware | $8.5B | 824 |
| Carlyle Europe Partners V master | Private Equity Fund | Luxembourg | $7.8B | 571 |
| Carlyle Asia Partners V master | Private Equity Fund | Cayman Islands | $6.4B | 373 |
| Carlyle Property Investors, L.P. | Real Estate Fund | Delaware | $6.1B | 194 |
| Carlyle Partners Vi master | Private Equity Fund | Delaware | $5.4B | 680 |
| Carlyle Realty Partners Ix master | Real Estate Fund | Delaware | $4.4B | 345 |
| Carlyle Realty Partners Viii master | Real Estate Fund | Delaware | $4.3B | 354 |
| Carlyle Global Partners master | Private Equity Fund | Cayman Islands | $3.0B | 73 |
| Carlyle Frl, L.P. | Private Equity Fund | Cayman Islands | $2.6B | 6 |
| Carlyle Asia Partners Iv master | Private Equity Fund | Cayman Islands | $2.5B | 342 |
| Carlyle Global Infrastructure Opportunity Fund master | Private Equity Fund | Cayman Islands | $2.4B | 160 |
| Carlyle International Energy Partners master | Private Equity Fund | Cayman Islands | $2.3B | 294 |
| Carlyle U.S. Equity Opportunity Fund Ii master | Private Equity Fund | Cayman Islands | $2.0B | 331 |
| Carlyle Japan Partners Iv master | Private Equity Fund | Cayman Islands | $1.9B | 201 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Diamond Bar Fund EIN 844406712 | San Antonio, TX | 09/30/2024 |
| West Virginia Univ Foundation Inc EIN 556017181 | Morgantown, WV | 06/30/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Aarp Employees' Pension Plan Aarp | Washington, DC | 2024 |
People (9)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Conway, William, Elias | Co Founder The Carlyle Group | Jul 1996 (30y) | Less than 5% | |
| D'aniello, Daniel, Anthony | Co Founder The Carlyle Group | Jul 1996 (30y) | Less than 5% | |
| Rubenstein, David, Mark | Co Founder The Carlyle Group | Jul 1996 (30y) | Less than 5% | |
| Ferguson, Jeffrey, William | Managing Director/General Counsel The Carlyle Group | Apr 1997 (29y) | Less than 5% | |
| Ziobro, Catherine, Laboure | Managing Director/Chief Compliance Officer The Carlyle Group | Jan 2009 (18y) | Less than 5% | |
| Mitchell, Heather, Ann | Managing Director/Chief Risk Officer The Carlyle Group | Mar 2021 (5y) | Less than 5% | |
| Schwartz, Harvey, Mitchell | Managing Director/Chief Executive Officer The Carlyle Group | Feb 2023 (4y) | Less than 5% | |
| Redett, John, Christopher | Managing Director/Chief Financial Officer The Carlyle Group | Oct 2023 (3y) | Less than 5% | |
| Lobue, Lindsay, P. | Managing Director/Chief Operating Officer The Carlyle Group | Jul 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Tc Group, L.L.C. | Member | Dec 2000 | A | 75% or more |
| Carlyle Holdings I Gp Inc. | Member | Nov 2011 | B | 75% or more of Carlyle Holdings I Gp Sub L.L.C. (indirect) |
| The Carlyle Group Inc. | Shareholder | Nov 2011 | B | 75% or more of Carlyle Holdings I Gp Inc. (indirect) |
| Carlyle Holdings Ii Gp L.L.C. | Member | Nov 2011 | B | ≈ 10.55% – 50% via Carlyle Holdings Ii L.L.C. |
| Cg Subsidiary Holdings L.L.C. | Member | Jan 2020 | B | ≈ 56.25% – 100% via Tc Group, L.L.C. |
| Carlyle Holdings I, L.P. | Member | Jan 2020 | B | ≈ 28.13% – 75% via Cg Subsidiary Holdings L.L.C. |
| Carlyle Holdings Ii L.L.C. | Member | Jan 2020 | B | ≈ 14.06% – 50% via Cg Subsidiary Holdings L.L.C. |
| Carlyle Holdings I Gp Sub L.L.C. | General Partner | Nov 2011 | B | GP / trustee / elected manager of Carlyle Holdings I, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Carlyle Holdings Ii Gp L.L.C.: 75% – 100% of Carlyle Holdings Ii L.L.C. × 25% – 50% of Cg Subsidiary Holdings L.L.C. × 75% – 100% of Tc Group, L.L.C. × 75% – 100% direct ≈ 10.55% – 50% of the firm
- Cg Subsidiary Holdings L.L.C.: 75% – 100% of Tc Group, L.L.C. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Carlyle Holdings I, L.P.: 50% – 75% of Cg Subsidiary Holdings L.L.C. × 75% – 100% of Tc Group, L.L.C. × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Carlyle Holdings Ii L.L.C.: 25% – 50% of Cg Subsidiary Holdings L.L.C. × 75% – 100% of Tc Group, L.L.C. × 75% – 100% direct ≈ 14.06% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (286, $167B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Carlyle Partners Vii | Private Equity Fund | $22.5B | $10.0M | 837 |
| Carlyle Partners Viii | Private Equity Fund | $8.5B | $10.0M | 824 |
| Carlyle Europe Partners V | Private Equity Fund | $7.8B | $10.8M | 571 |
| Carlyle Asia Partners V | Private Equity Fund | $6.4B | $5.0M | 373 |
| Carlyle Property Investors, L.P. | Real Estate Fund | $6.1B | $10.0M | 194 |
| Carlyle Partners Vi | Private Equity Fund | $5.4B | $10.0M | 680 |
| Carlyle Realty Partners Ix | Real Estate Fund | $4.4B | $5.0M | 345 |
| Carlyle Realty Partners Viii | Real Estate Fund | $4.3B | $5.0M | 354 |
| Carlyle Global Partners | Private Equity Fund | $3.0B | $500M | 73 |
| Carlyle Frl, L.P. | Private Equity Fund | $2.6B | $0 | 6 |
| Carlyle Asia Partners Iv | Private Equity Fund | $2.5B | $5.0M | 342 |
| Carlyle Global Infrastructure Opportunity Fund | Private Equity Fund | $2.4B | $5.0M | 160 |
| Carlyle International Energy Partners | Private Equity Fund | $2.3B | $10.0M | 294 |
| Carlyle U.S. Equity Opportunity Fund Ii | Private Equity Fund | $2.0B | $5.0M | 331 |
| Carlyle Japan Partners Iv | Private Equity Fund | $1.9B | $3.4M | 201 |
| Carlyle Europe Technology Partners Iv | Private Equity Fund | $1.9B | $5.4M | 321 |
| Carlyle Power Partners Ii | Private Equity Fund | $1.8B | $10.0M | 159 |
| Cbam 2017 2, Ltd. | Securitized Asset Fund | $1.6B | $250K | 18 |
| Carlyle Global Financial Services Partners Iii | Private Equity Fund | $1.5B | $0 | 160 |
| Carlyle Starfruit Coinvestment, L.P. | Private Equity Fund | $1.5B | $0 | 24 |
| Carlyle Europe Partners Iv | Private Equity Fund | $1.5B | $10.8M | 346 |
| Carlyle Realty Partners Vii | Real Estate Fund | $1.5B | $5.0M | 279 |
| Cbam 2017 3, Ltd. | Securitized Asset Fund | $1.4B | $250K | 13 |
| Carlyle Cavalier Fund, L.P. | Private Equity Fund | $1.2B | $500M | 2 |
| Carlyle Global Partners Ii | Private Equity Fund | $1.2B | $50.0M | 82 |
Top 25 of 286 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Aarp Employees' Pension Plan | Aarp | 2,180 | $1.6B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (2)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Diamond Bar Fund | Public charity | $252M | 09/30/2024 |
| West Virginia Univ Foundation Inc | Public charity | $3.0B | 06/30/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/07/2026 | 71.8 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE BANK OF ITALY RAISED THE BELOW TECHNICAL ALLEGATIONS AGAINST CARLYLE REAL ESTATE SGR S.P.A., A NON-U.S. ADVISORY AFFILIATE THAT CURRENTLY MANAGES ONE REAL ASSETS-RELATED FUND VEHICLE: - CERTAIN PROCEDURAL SHORTCOMINGS IN CARRYING OUT THE REVIEW OF CERTAIN BENEFICIAL OWNERS UP CERTAIN INVESTORS' OWNERSHIP CHAINS (NONE OF WHICH RESULTED IN THE ADMISSION OF ANY DISQUALIFIED INVESTORS) AND - IN CONNECTION WITH THE SALE TO A THIRD PARTY OF A CONDOMINIUM UNIT OF A RESIDENTIAL PROPERTY OWNED BY A FUND VEHICLE, THE LATE FILING OF A SUSPICIOUS ACTIVITY REPORT (I.E., REPORT NOT MADE AT THE TIME OF DEPOSIT, BUT RATHER IN CONNECTION WITH THE TRANSACTION CLOSING). Status: Final Sanction Detail: FINE OF 60,000 EUROS WAS PAID BY CARLYLE REAL ESTATE SGR S.P.A ON JANUARY 9, 2020 Summary: CARLYLE REAL ESTATE SGR S.P.A VOLUNTARILY AGREED TO RESOLVE THE MATTER BY PAYING A FINE OF 60,000 EUROS IN THE AGGREGATE. THERE WAS NO FURTHER ACTION REQUIRED TO RESOLVE THE MATTER ONCE PAYMENT WAS MADE ON JANUARY 9, 2020.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 07, 2026.
View current Form ADV (SEC/IAPD) ↗