Accrued Performance Fees

The components of accrued performance fees are as follows:



	As of
	September 30, 2017		December 31, 2016
	(Dollars in millions)
Corporate Private Equity	$	2,130.9	$	1,375.4
Real Assets	624.3		483.4
Global Market Strategies	84.9		68.6
Investment Solutions	658.5		553.7
Total	$	3,498.6	$	2,481.1

Approximately 31% of accrued performance fees at September 30, 2017 are related to Carlyle Partners V, L.P. and Carlyle Partners VI, L.P., two of the Partnership's Corporate Private Equity funds.

Approximately 27% of accrued performance fees at December 31, 2016, are related to Carlyle Partners V, L.P. and Carlyle Asia Partners III, L.P., two of the Partnership’s Corporate Private Equity funds.

Accrued performance fees are shown gross of the Partnership’s accrued performance fee-related compensation (see Note 8), and accrued giveback obligations, which are separately presented in the condensed consolidated balance sheets. The components of the accrued giveback obligations are as follows:



	As of
	September 30, 2017			December 31, 2016
	(Dollars in millions)
Corporate Private Equity	$	(9.8	)	$	(3.9	)
Real Assets	(57.8		)	(156.9		)
Total	$	(67.6	)	$	(160.8	)

Performance Fees

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



	Three Months Ended September 30,					Nine Months Ended September 30,
	2017		2016			2017		2016
	(Dollars in millions)
Corporate Private Equity	$	159.6	$	186.5		$	1,147.4	$	283.0
Real Assets	74.5		(19.1		)	214.0		198.6
Global Market Strategies	17.2		17.8			50.8		26.8
Investment Solutions	34.3		29.5			98.6		62.4
Total	$	285.6	$	214.7		$	1,510.8	$	570.8

Approximately 39%, or $110.4 million, of performance fees for the three months ended September 30, 2017 are related to the following funds along with total revenue recognized (total revenue includes performance fees, fund management fees, and investment income):

•Carlyle Partners V, L.P. (Corporate Private Equity segment) - $39.7 million,

•Carlyle Partners VI, L.P. (Corporate Private Equity segment) - $120.5 million,

•Carlyle U.S. Equity Opportunities Fund, L.P. (Corporate Private Equity segment) - $(31.6) million, and

•Carlyle International Energy Partners, L.P. (Real Assets segment) - $47.6 million.

Approximately 65%, or $979.9 million, of performance fees for the nine months ended September 30, 2017 are related to the following funds along with total revenue recognized (total revenue includes performance fees, fund management fees, and investment income):

•Carlyle Partners V, L.P. (Corporate Private Equity segment) - $301.0 million,

•Carlyle Partners VI, L.P. (Corporate Private Equity segment) - $615.0 million, and

•Carlyle Asia Partners IV, L.P. (Corporate Private Equity segment) - $271.3 million.

Approximately 50%, or $107.9 million, of performance fees for the three months ended September 30, 2016 are related to the following funds along with total revenue recognized (total revenue includes performance fees, fund management fees, and investment income):

•Carlyle Partners VI, L.P. (Corporate Private Equity segment) - $208.9 million,

•Carlyle Asia Partners III, L.P. (Corporate Private Equity segment) - $(20.8) million, and

•Carlyle Realty Partners V, L.P. (Real Assets segment) - $(50.9) million.

Approximately 59%, or $338.2 million, of performance fees for the nine months ended September 30, 2016 are related to the following funds along with total revenue recognized (total revenue includes performance fees, fund management fees, and investment income):

•Carlyle Partners V, L.P. (Corporate Private Equity segment) - $129.7 million,

•Carlyle Partners VI, L.P. (Corporate Private Equity segment) - $317.3 million, and

•Carlyle Realty Partners VII, L.P. (Real Assets segment) - $111.2 million.