Carlyle Group (CG)

• Market cap: $13.9B
• 1 day: -1.25%
• 5 days: 4.57%
• 1 month: -11.36%
• 3 months: -31.38%
• 6 months: -24.37%
• Year to date: -23.83%
• 1 year: -13.75%
• 5 years: 64.85%
• 10 years: 27.99%
• Sector: Financials
• Industry: Asset Management

About: The Carlyle Group is one of the world's largest alternative-asset managers, with $447.4 billion in total AUM, including $313.6 billion in fee-earning AUM, at the end of September 2024. The company has three core business segments: private equity, which includes private equity, real estate, infrastructure, and natural resources funds (accounting for 33% of fee-earning AUM and 57% of base management fees during 2023), global credit (51% and 27%) and investment solutions (16% and 16%). The firm primarily serves institutional investors and high-net-worth individuals. Carlyle operates through 29 offices across five continents, serving more than 2,900 active carry fund investors from 88 countries.

Employees: 2,300

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

206% more call options, than puts

Call options by funds: $149M | Put options by funds: $48.9M

119% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 43

83% more funds holding in top 10

Funds holding in top 10: 6 [Q3] → 11 (+5) [Q4]

22% more capital invested

Capital invested by funds: $8.93B [Q3] → $10.9B (+$1.96B) [Q4]

8% more funds holding

Funds holding: 515 [Q3] → 556 (+41) [Q4]

2.13% more ownership

Funds ownership: 58.13% [Q3] → 60.26% (+2.13%) [Q4]

1% more repeat investments, than reductions

Existing positions increased: 186 | Existing positions reduced: 185

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $37 4% downside
• Avg. target: $45 16% upside
• High target: $58 50% upside

8 analyst ratings

• positive: 2 25%
• neutral: 5 63%
• negative: 1 13%

Morgan Stanley Michael Cyprys 52% 1-year accuracy 13 / 25 met price target	14% upside $44	Equal-Weight Maintained	14 Apr 2025
TD Cowen Bill Katz 66% 1-year accuracy 21 / 32 met price target	4% downside $37	Hold Maintained	9 Apr 2025
Wells Fargo Michael Brown 39% 1-year accuracy 29 / 75 met price target	1% upside $39	Equal-Weight Maintained	8 Apr 2025
Citigroup Christopher Allen 58% 1-year accuracy 11 / 19 met price target	1% upside $39	Neutral Maintained	8 Apr 2025
JMP Securities Devin Ryan 67% 1-year accuracy 4 / 6 met price target	50% upside $58	Market Outperform Maintained	8 Apr 2025