<SEC-DOCUMENT>0000898432-25-000678.txt : 20250822
<SEC-HEADER>0000898432-25-000678.hdr.sgml : 20250822
<ACCEPTANCE-DATETIME>20250822164119
ACCESSION NUMBER:		0000898432-25-000678
CONFORMED SUBMISSION TYPE:	N-PX
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250630
FILED AS OF DATE:		20250822
EFFECTIVENESS DATE:		20250822

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Carlyle Group Inc.
		CENTRAL INDEX KEY:			0001527166
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		ORGANIZATION NAME:           	02 Finance
		EIN:				452832612
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-PX
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-15025
		FILM NUMBER:		251246826

	BUSINESS ADDRESS:	
		STREET 1:		C/O THE CARLYLE GROUP
		STREET 2:		1001 PENNSYLVANIA AVENUE, N.W.
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20004
		BUSINESS PHONE:		202 729 5626

	MAIL ADDRESS:	
		STREET 1:		C/O THE CARLYLE GROUP
		STREET 2:		1001 PENNSYLVANIA AVENUE, N.W.
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20004

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Carlyle Group L.P.
		DATE OF NAME CHANGE:	20110801
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-PX
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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  <headerData>
    <submissionType>N-PX</submissionType>
    <filerInfo>
      <registrantType>IM</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001527166</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <periodOfReport>06/30/2025</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2025</reportCalendarYear>
      <reportingPerson>
        <name>Carlyle Group Inc.</name>
        <phoneNumber>202-729-5626</phoneNumber>
        <address>
          <com:street1>C/O THE CARLYLE GROUP</com:street1>
          <com:street2>1001 PENNSYLVANIA AVENUE, N.W.</com:street2>
          <com:city>WASHINGTON</com:city>
          <com:stateOrCountry>DC</com:stateOrCountry>
          <com:zipCode>20004</com:zipCode>
        </address>
      </reportingPerson>
      <reportInfo>
        <reportType>INSTITUTIONAL MANAGER COMBINATION REPORT</reportType>
        <confidentialTreatment>N</confidentialTreatment>
      </reportInfo>
      <fileNumber>028-15025</fileNumber>
      <reportingCrdNumber>000111128</reportingCrdNumber>
      <reportingSecFileNumber>801-52462</reportingSecFileNumber>
      <otherManagersInfo>
        <otherManager>
          <icaOr13FFileNumber>028-15646</icaOr13FFileNumber>
          <crdNumber>000159215</crdNumber>
          <otherFileNumber>801-72890</otherFileNumber>
          <managerName>AlpInvest Partners B.V.</managerName>
        </otherManager>
      </otherManagersInfo>
      <explanatoryInformation>
        <explanatoryChoice>Y</explanatoryChoice>
        <explanatoryNotes>Explanatory Note 1 AlpInvest Partners B.V. is an indirectly wholly owned investment adviser of The Carlyle Group Inc. However, The Carlyle Group Inc. does not excercise any voting power over the shares held by AlpInvest Partners B.V. --- Explanatory Note 2 In August 2022, The Carlyle Group Inc. completed its acquisition of the Abingworth group, a life sciences investment firm. As a result of the acquisition, Abingworth LLP became a relying advisor of Carlyle Investment Management L.L.C.</explanatoryNotes>
      </explanatoryInformation>
    </coverPage>
    <summaryPage>
      <otherIncludedManagersCount>3</otherIncludedManagersCount>
      <otherManagers2>
        <investmentManagers>
          <serialNo>1</serialNo>
          <form13FFileNumber>028-14285</form13FFileNumber>
          <crdNumber>000163213</crdNumber>
          <secFileNumber>802-75741</secFileNumber>
          <name>Abingworth LLP</name>
        </investmentManagers>
        <investmentManagers>
          <serialNo>2</serialNo>
          <form13FFileNumber>028-12429</form13FFileNumber>
          <crdNumber>000111128</crdNumber>
          <secFileNumber>801-52462</secFileNumber>
          <name>Carlyle Investment Management LLC</name>
        </investmentManagers>
        <investmentManagers>
          <serialNo>3</serialNo>
          <form13FFileNumber>028-15024</form13FFileNumber>
          <crdNumber>000114795</crdNumber>
          <name>CIM Global, L.L.C.</name>
        </investmentManagers>
      </otherManagers2>
    </summaryPage>
    <signaturePage>
      <reportingPerson>Carlyle Group Inc.</reportingPerson>
      <txSignature>Jeffrey W. Ferguson</txSignature>
      <txPrintedSignature>Jeffrey W. Ferguson</txPrintedSignature>
      <txTitle>General Counsel</txTitle>
      <txAsOfDate>08/22/2025</txAsOfDate>
    </signaturePage>
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<DOCUMENT>
<TYPE>PROXY VOTING RECORD
<SEQUENCE>2
<FILENAME>votetable.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="us-ascii"?><inf:proxyVoteTable xmlns:inf="http://www.sec.gov/edgar/document/npxproxy/informationtable">
<!--VoteTableSchemaVersion:X0300-->
<inf:proxyTable><inf:issuerName>Adicet Bio Inc</inf:issuerName><inf:cusip>007002108</inf:cusip><inf:meetingDate>06/11/2025</inf:meetingDate><inf:voteDescription>To ratify, on a non-binding advisory basis, the compensation of our named executive officers.</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>2948718</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>2948718</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote><inf:voteManager><inf:otherManagers><inf:otherManager>1</inf:otherManager></inf:otherManagers></inf:voteManager></inf:proxyTable>
<inf:proxyTable><inf:issuerName>CubeSmart</inf:issuerName><inf:cusip>229663109</inf:cusip><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>To cast an advisory vote to approve our executive compensation.</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>0</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>N/A</inf:howVoted><inf:sharesVoted>0</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote><inf:voteManager><inf:otherManagers><inf:otherManager>2</inf:otherManager></inf:otherManagers></inf:voteManager></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Forward Air Corp</inf:issuerName><inf:cusip>34986A104</inf:cusip><inf:meetingDate>06/11/2025</inf:meetingDate><inf:voteDescription>To approve, on a non-binding, advisory basis, the compensation of the named executive officers (the &#x201C;say on pay vote&#x201D;).</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>0</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>N/A</inf:howVoted><inf:sharesVoted>0</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Invitation Homes Inc</inf:issuerName><inf:cusip>46187W107</inf:cusip><inf:meetingDate>05/15/2025</inf:meetingDate><inf:voteDescription>To approve, in a non-binding advisory vote, the compensation paid to our named executive officers.</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>0</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>N/A</inf:howVoted><inf:sharesVoted>0</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote><inf:voteManager><inf:otherManagers><inf:otherManager>2</inf:otherManager></inf:otherManagers></inf:voteManager></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Invitation Homes Inc</inf:issuerName><inf:cusip>46187W107</inf:cusip><inf:meetingDate>05/15/2025</inf:meetingDate><inf:voteDescription>To approve, in a non-binding advisory vote, the frequency of stockholder votes to approve executive compensation.</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>0</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>N/A</inf:howVoted><inf:sharesVoted>0</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote><inf:voteManager><inf:otherManagers><inf:otherManager>2</inf:otherManager></inf:otherManagers></inf:voteManager></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Krispy Kreme Inc</inf:issuerName><inf:cusip>50101L106</inf:cusip><inf:meetingDate>06/17/2025</inf:meetingDate><inf:voteDescription>To approve an advisory resolution regarding the Company&#x2019;s executive compensation.</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>0</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>N/A</inf:howVoted><inf:sharesVoted>0</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Maplebear Inc</inf:issuerName><inf:cusip>565394103</inf:cusip><inf:meetingDate>05/22/2025</inf:meetingDate><inf:voteDescription>To approve, on a non-binding, advisory basis, the compensation of our named executive officers.</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>0</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>N/A</inf:howVoted><inf:sharesVoted>0</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>N-able Inc</inf:issuerName><inf:cusip>62878D100</inf:cusip><inf:meetingDate>05/22/2025</inf:meetingDate><inf:voteDescription>Non-binding advisory vote to approve the compensation of our named executive officers.</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>0</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>N/A</inf:howVoted><inf:sharesVoted>0</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Phathom Pharmaceuticals Inc</inf:issuerName><inf:cusip>71722W107</inf:cusip><inf:meetingDate>06/03/2025</inf:meetingDate><inf:voteDescription>To approve the compensation of the named executive officers on a non-binding advisory basis (&#x201C;say-on-pay&#x201D;).</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>3496808</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>3496808</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote><inf:voteManager><inf:otherManagers><inf:otherManager>1</inf:otherManager></inf:otherManagers></inf:voteManager></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Phathom Pharmaceuticals Inc</inf:issuerName><inf:cusip>71722W107</inf:cusip><inf:meetingDate>06/03/2025</inf:meetingDate><inf:voteDescription>To approve a proposal for the frequency of future non-binding advisory votes on the compensation of the named executive officers (&#x201C;say-on-frequency&#x201D;).</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>3496808</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>ONE YEAR</inf:howVoted><inf:sharesVoted>3496808</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote><inf:voteManager><inf:otherManagers><inf:otherManager>1</inf:otherManager></inf:otherManagers></inf:voteManager></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Q32 Bio Inc</inf:issuerName><inf:cusip>746964105</inf:cusip><inf:meetingDate>06/13/2025</inf:meetingDate><inf:voteDescription>To approve, on a non-binding, advisory basis, the compensation of our named executive officers.</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1102741</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1102741</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote><inf:voteManager><inf:otherManagers><inf:otherManager>1</inf:otherManager></inf:otherManagers></inf:voteManager></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Q32 Bio Inc</inf:issuerName><inf:cusip>746964105</inf:cusip><inf:meetingDate>06/13/2025</inf:meetingDate><inf:voteDescription>To approve, on a non-binding, advisory basis, the preferred frequency of future advisory votes on compensation of our named executive officers.</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1102741</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>ONE YEAR</inf:howVoted><inf:sharesVoted>1102741</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote><inf:voteManager><inf:otherManagers><inf:otherManager>1</inf:otherManager></inf:otherManagers></inf:voteManager></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Seacor Marine Hldgs Inc</inf:issuerName><inf:cusip>78413P101</inf:cusip><inf:meetingDate>06/03/2025</inf:meetingDate><inf:voteDescription>Advisory vote to approve Named Executive Officer compensation (Say on Pay).</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1355761</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1355761</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote><inf:voteManager><inf:otherManagers><inf:otherManager>2</inf:otherManager></inf:otherManagers></inf:voteManager></inf:proxyTable>
<inf:proxyTable><inf:issuerName>StandardAero Inc</inf:issuerName><inf:cusip>85423L103</inf:cusip><inf:meetingDate>06/12/2025</inf:meetingDate><inf:voteDescription>Approval, on an advisory (non binding) basis, of the frequency of future advisory votes on the compensation of the Company&#x2019;s named executive officers.</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>152673891</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>ONE YEAR</inf:howVoted><inf:sharesVoted>152673891</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote><inf:voteManager><inf:otherManagers><inf:otherManager>2</inf:otherManager></inf:otherManagers></inf:voteManager></inf:proxyTable>
<inf:proxyTable><inf:issuerName>StandardAero Inc</inf:issuerName><inf:cusip>85423L103</inf:cusip><inf:meetingDate>06/12/2025</inf:meetingDate><inf:voteDescription>Approval, on an advisory (non binding) basis, of the compensation of the Company&#x2019;s named executive officers.</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SECTION 14A SAY-ON-PAY VOTES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>152673891</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>152673891</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote><inf:voteManager><inf:otherManagers><inf:otherManager>2</inf:otherManager></inf:otherManagers></inf:voteManager></inf:proxyTable>
</inf:proxyVoteTable>
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</SEC-DOCUMENT>
