XML 25 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Organization and Basis of Presentation
6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Basis of Presentation 1. Organization and Basis of Presentation
Carlyle is one of the world’s largest global investment firms that deploys private capital across its business and conducts
its operations through three reportable segments: Global Private Equity, Global Credit and Global Investment Solutions (see
Note 15, Segment Reporting). In the Global Private Equity segment, Carlyle advises buyout, growth, real estate, infrastructure
and natural resources funds. The primary areas of focus for the Global Credit segment are liquid credit, private credit, real
assets credit, and other credit such as insurance solutions, platform initiatives, and capital markets. The Global Investment
Solutions segment provides investment opportunities and resources for investors and clients through secondary purchases and
financing of existing portfolios, managed co-investment programs and primary fund investments. Carlyle typically serves as the
general partner, investment manager or collateral manager, making day-to-day investment decisions concerning the assets of
these products.
Basis of Presentation
The accompanying condensed consolidated financial statements include the accounts of the Company and its
consolidated subsidiaries. In addition, certain Carlyle-affiliated funds, related co-investment entities and certain CLOs managed
by the Company (collectively the “Consolidated Funds”) have been consolidated in the accompanying financial statements
pursuant to accounting principles generally accepted in the United States (“U.S. GAAP”), as described in Note 2, Summary of
Significant Accounting Policies. The consolidation of the Consolidated Funds generally has a gross-up effect on assets,
liabilities and cash flows, and generally has no effect on the net income attributable to the Company. The economic ownership
interests of the other investors in the Consolidated Funds are reflected as non-controlling interests in consolidated entities in the
accompanying condensed consolidated financial statements (see Note 2, Summary of Significant Accounting Policies).
The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. GAAP for
interim financial information. These statements, including notes, have not been audited, exclude some of the disclosures
required for annual financial statements, and should be read in conjunction with the audited consolidated financial statements
included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the U.S. Securities
and Exchange Commission (“SEC”) on February 22, 2024. The operating results presented for interim periods are not
necessarily indicative of the results that may be expected for any other interim period or for the entire year. In the opinion of
management, the condensed consolidated financial statements reflect all adjustments, consisting of normal recurring accruals,
which are necessary for the fair presentation of the financial condition and results of operations for the interim periods
presented.