XML 47 R30.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Borrowings (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Debt Instrument [Line Items] |
Schedule of Debt Obligations | The Company’s debt obligations consist of the following:
| June 30, 2024 |  | December 31, 2023
| Borrowing Outstanding |  | Carrying Value |  | Borrowing Outstanding |  | Carrying Value
| (Dollars in millions)
CLO Borrowings (See below) | $384.3 |  | $380.2 |  | $431.7 |  | $426.4
3.500% Senior Notes Due 9/19/2029 | 425.0 |  | 422.7 |  | 425.0 |  | 422.5
5.625% Senior Notes Due 3/30/2043 | 600.0 |  | 600.5 |  | 600.0 |  | 600.6
5.650% Senior Notes Due 9/15/2048 | 350.0 |  | 346.5 |  | 350.0 |  | 346.4
4.625% Subordinated Notes Due 5/15/2061 | 500.0 |  | 485.3 |  | 500.0 |  | 485.1
Total debt obligations | $2,259.3 |  | $2,235.2 |  | $2,306.7 |  | $2,281.0
Schedule of Loans Payable of Consolidated Funds | As of June 30, 2024 and December 31, 2023, the following borrowings were outstanding (Dollars in millions):
| As of June 30, 2024
| Borrowing Outstanding |  | Fair Value |  | Weighted Average Interest Rate |  |  |  | Weighted Average Remaining Maturity in Years
Senior secured notes | $7,346.9 |  | $7,378.8 |  | 6.57% |  |  |  | 9.64
Subordinated notes | 270.2 |  | 244.6 |  | N/A |  | (4) |  | 9.26
Revolving credit facilities(3) | 177.7 |  | 177.7 |  | 6.67% |  |  |  | 4.44
Total | $7,794.8 |  | $7,801.1 |  |  |  |  |  |
| As of December 31, 2023
| Borrowing Outstanding |  | Fair Value |  | Weighted Average Interest Rate |  |  |  | Weighted Average Remaining Maturity in Years
Senior secured notes(1) | $6,171.9 |  | $6,097.9 |  | 6.32% |  |  |  | 8.99
Subordinated notes(2) | 173.5 |  | 210.7 |  | N/A |  | (4) |  | 9.16
Revolving credit facilities(3) | 177.9 |  | 177.9 |  | 6.46% |  |  |  | 5.05
Total | $6,523.3 |  | $6,486.5 |  |  |  |  |  |
(1)Borrowing Outstanding and Fair Value as of December 31, 2023 includes $7.8 million of senior secured notes that are carried at par value. (2)Borrowing Outstanding and Fair Value as of December 31, 2023 includes $2.2 million of subordinated notes that are carried at par value. (3)Fair Value as of June 30, 2024 and December 31, 2023 reflects the amortized cost of outstanding revolving credit balances which approximates fair value. (4)The subordinated notes do not have contractual interest rates, but instead receive distributions from the excess cash flows of the CLOs.
CLO Borrowings |
Debt Instrument [Line Items] |
Schedule of Debt Obligations | The Company’s outstanding CLO borrowings consist of the following (Dollars in millions):
Formation Date |  | Borrowing Outstanding June 30, 2024 |  |  | Borrowing Outstanding December 31, 2023 |  |  | Maturity Date (1) |  | Interest Rate as of June 30, 2024 |
February 28, 2017 |  | $29.7 |  |  | $39.9 |  |  | September 21, 2029 |  | 6.34% | (2)
June 29, 2017 |  | 35.0 |  |  | 45.6 |  |  | July 20, 2030 |  | 6.77% | (4)
December 6, 2017 |  | 33.7 |  |  | 41.1 |  |  | January 15, 2031 |  | 7.01% | (5)
March 15, 2019 |  | 1.8 |  |  | 1.8 |  |  | March 15, 2032 |  | 11.83% | (3)
August 20, 2019 |  | 3.9 |  |  | 4.0 |  |  | August 15, 2032 |  | 8.56% | (3)
September 15, 2020 |  | 19.1 |  |  | 19.7 |  |  | April 15, 2033 |  | 5.49% | (3)
January 8, 2021 |  | 19.9 |  |  | 20.6 |  |  | January 15, 2034 |  | 6.40% | (3)
March 9, 2021 |  | 11.9 |  |  | 16.8 |  |  | August 15, 2030 |  | 5.34% | (3)
March 30, 2021 |  | 17.4 |  |  | 18.6 |  |  | March 15, 2032 |  | 5.44% | (3)
April 21, 2021 |  | 3.5 |  |  | 3.6 |  |  | April 15, 2033 |  | 9.75% | (3)
May 21, 2021 |  | 14.1 |  |  | 15.5 |  |  | November 17, 2031 |  | 5.20% | (3)
June 4, 2021 |  | 20.0 |  |  | 20.7 |  |  | January 16, 2034 |  | 6.19% | (3)
June 10, 2021 |  | 1.3 |  |  | 1.3 |  |  | November 17, 2031 |  | 6.68% | (3)
July 15, 2021 |  | 15.0 |  |  | 15.5 |  |  | July 15, 2034 |  | 6.20% | (3)
July 20, 2021 |  | 20.0 |  |  | 20.6 |  |  | July 20, 2031 |  | 6.17% | (3)
August 4, 2021 |  | 16.2 |  |  | 16.7 |  |  | August 15, 2032 |  | 5.57% | (3)
October 27, 2021 |  | 23.3 |  |  | 24.0 |  |  | October 15, 2035 |  | 6.31% | (3)
November 5, 2021 |  | 13.9 |  |  | 14.3 |  |  | January 14, 2034 |  | 5.99% | (3)
January 6, 2022 |  | 20.1 |  |  | 20.7 |  |  | February 15, 2035 |  | 6.21% | (3)
February 22, 2022 |  | 20.2 |  |  | 20.8 |  |  | November 10, 2035 |  | 6.27% | (3)
July 13, 2022 |  | 16.9 |  |  | 17.5 |  |  | January 13, 2035 |  | 7.23% | (3)
October 25, 2022 |  | — |  |  | 18.1 |  |  | N/A |  | N/A | (6)
September 5, 2023 |  | 9.6 |  |  | 14.3 |  |  | August 28, 2031 |  | 5.39% | (3)
April 25, 2024 |  | 17.8 |  |  | — |  |  | April 25, 2037 |  | 6.76% | (3)
|  | $384.3 |  |  | $431.7 |  |  |  |  |  |
(1)Maturity date is earlier of date indicated or the date that the CLO is dissolved. (2)Incurs interest at EURIBOR plus applicable margins as defined in the agreement. (3)Incurs interest at the average effective interest rate of each class of purchased securities plus 0.50% spread percentage. (4)Incurs interest at SOFR plus 1.44%. (5)Incurs interest at SOFR plus 1.68%. (6)This term loan was fully repaid in April 2024.
Senior Notes |
Debt Instrument [Line Items] |
Schedule of Debt Obligations | Senior Notes Certain indirect subsidiaries of the Company have issued long term borrowings in the form of senior notes, on which interest is payable semi-annually in arrears. The following table provides information regarding these senior notes (Dollars in millions):
|  |  |  |  |  |  | Interest Expense
|  |  | Fair Value (1) As of |  | Three Months Ended June 30, |  | Six Months Ended June 30,
| Aggregate Principal Amount |  | June 30, 2024 |  | December 31, 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
3.500% Senior Notes Due 9/19/2029 (2) | $425.0 |  | $395.6 |  | $401.9 |  | $3.9 |  | $3.9 |  | $7.7 |  | $7.7
5.625% Senior Notes Due 3/30/2043 (3) | 600.0 |  | 582.9 |  | 594.6 |  | 8.5 |  | 8.5 |  | 16.9 |  | 16.9
5.650% Senior Notes Due 9/15/2048 (4) | 350.0 |  | 343.3 |  | 336.0 |  | 5.0 |  | 5.0 |  | 10.0 |  | 10.0
|  |  |  |  |  |  | $17.4 |  | $17.4 |  | $34.6 |  | $34.6
(1)Including accrued interest. Fair value is based on indicative quotes and the notes are classified as Level II within the fair value hierarchy. (2)Issued in September 2019 at 99.841% of par. (3)Issued $400.0 million in aggregate principal at 99.583% of par in March 2013. An additional $200.0 million in aggregate principal was issued at 104.315% of par in March 2014, and is treated as a single class with the outstanding $400.0 million in senior notes previously issued. (4)Issued in September 2018 at 99.914% of par.

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation for our consolidated funds. + References No definition available. + Details
Name: | cg_ScheduleOfDebtTableForConsolidatedFundsTableTextBlock
Namespace Prefix: | cg_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482949/835-30-55-8 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69F -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482900/835-30-50-1 + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cg_CLOTermLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |