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Investments (Tables)
 3 Months Ended
Mar. 31, 2022
Investments [Abstract]  
Schedule of investments
Investments consist of the following: 
 As of
 March 31, 2022December 31, 2021
 (Dollars in millions)
Accrued performance allocations$8,504.8 $8,133.0 
Principal equity method investments, excluding performance allocations2,652.5 2,128.6 
Principal investments in CLOs560.4 361.1 
Other investments205.3 209.3 
Total$11,923.0 $10,832.0 
Components of accrued performance fees
The components of accrued performance allocations are as follows:
 As of
 March 31, 2022December 31, 2021
 (Dollars in millions)
Global Private Equity$6,833.5 $6,412.8 
Global Credit276.6 300.3 
Global Investment Solutions (1)
1,394.7 1,419.9 
Total$8,504.8 $8,133.0 
(1) The Company’s primary and secondary investments in external funds are generally valued based on its proportionate share of the net assets provided by the third party general partners of the underlying fund partnerships based on the most recent available information which typically has a lag of up to 90 days.  As a result, amounts presented may not include the impact of economic activity in the current quarter.
Components of accrued giveback obligations The components of the accrued giveback obligations are as follows:
 As of
 March 31, 2022December 31, 2021
 (Dollars in millions)
Global Private Equity$(18.4)$(18.4)
Global Credit(22.0)(11.8)
Total$(40.4)$(30.2)
Schedule of equity method investments Principal investments are related to the following segments:
 As of
 March 31, 2022December 31, 2021
 (Dollars in millions)
Global Private Equity$1,555.4 $1,231.2 
Global Credit (1)
1,016.2 819.7 
Global Investment Solutions80.9 77.7 
Total$2,652.5 $2,128.6 
(1) As of March 31, 2022, the balance includes $724.8 million and $186.3 million, respectively, related to the Company’s strategic investments in Fortitude and iStar through Carlyle-affiliated investment funds. As of December 31, 2021, the balance includes $715.7 million related to the Company’s strategic investment in Fortitude.
The Company’s investments in NGP as of March 31, 2022 and December 31, 2021 are as follows:
As of
March 31, 2022December 31, 2021
(Dollars in millions)
Investment in NGP Management$369.9 $371.8 
Investments in NGP general partners - accrued performance allocations254.2 3.8 
Principal investments in NGP funds74.6 61.3 
Total investments in NGP$698.7 $436.9 
Carlyle’s income (loss) from its principal equity method investments consists of:
 Three Months Ended March 31,
 20222021
 (Dollars in millions)
Global Private Equity$328.2 $105.6 
Global Credit(2.7)53.6 
Global Investment Solutions2.6 5.6 
Total$328.1 $164.8 
Schedule of net investment income (loss) The net investment income (loss) recognized in the Company’s unaudited condensed consolidated statements of operations for the three months ended March 31, 2022 and 2021 were as follows:
 Three Months Ended March 31,
 20222021
 (Dollars in millions)
Management fee-related revenues from NGP Management$17.0 $18.3 
Expenses related to the investment in NGP Management(2.8)(2.9)
Amortization of basis differences from the investment in NGP Management(0.3)(0.7)
Net investment income from NGP Management$13.9 $14.7 
Components of investment income (loss)
The components of investment income (loss) are as follows:
 Three Months Ended March 31,
 20222021
 (Dollars in millions)
Performance allocations
Realized$266.9 $170.9 
Unrealized443.3 1,615.2 
710.2 1,786.1 
Principal investment income (loss) from equity method investments (excluding performance allocations)
Realized32.8 41.2 
Unrealized295.3 123.6 
328.1 164.8 
Principal investment income (loss) from investments in CLOs and other investments
Realized2.3 (0.9)
Unrealized(10.8)15.2 
(8.5)14.3 
Total$1,029.8 $1,965.2 
Performance allocations included in revenues
The performance allocations included in revenues are derived from the following segments: 
 Three Months Ended March 31,
 20222021
 (Dollars in millions)
Global Private Equity$657.9 $1,566.5 
Global Credit(34.0)21.0 
Global Investment Solutions86.3 198.6 
Total$710.2 $1,786.1 
Components of interest and other income of consolidated funds
The components of interest and other income of Consolidated Funds are as follows:
 Three Months Ended March 31,
 20222021
 (Dollars in millions)
Interest income from investments$56.5 $56.9 
Other income5.2 4.2 
Total$61.7 $61.1 
Components of net investment gains (losses) of consolidated funds The components of net investment gains (losses) of Consolidated Funds are as follows: 
 Three Months Ended March 31,
 20222021
 (Dollars in millions)
Gains (losses) from investments of Consolidated Funds$(43.4)$89.3 
Gains (losses) from liabilities of CLOs46.2 (77.0)
Total$2.8 $12.3 
Schedule of realized and unrealized gains (losses) earned from investments of consolidated funds
The following table presents realized and unrealized gains (losses) earned from investments of the Consolidated Funds:
 Three Months Ended March 31,
 20222021
 (Dollars in millions)
Realized gains$2.7 $4.7 
Net change in unrealized gains (losses)(46.1)84.6 
Total$(43.4)$89.3