Business Segments · Fee Related Earnings
Carlyle AlpInvest — Fee Related Earnings
The Carlyle Group Carlyle AlpInvest — Fee Related Earnings increased by 28.6% to $67.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.1%, from $65.50M to $67.50M. Over 2 years (FY 2023 to FY 2025), Carlyle AlpInvest — Fee Related Earnings shows an upward trend with a 97.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2023
Last reportedQ1 2026May 8, 2026
How to read this metric
Higher values indicate a scalable and stable fee-based business model with strong operating leverage.
Detailed definition
Represents the recurring profitability of the AlpInvest segment derived primarily from management fees, net of related o...
Peer comparison
Commonly referred to as FRE in the alternative asset management industry.
Metric ID:
cg_segment_carlyle_alpinvest_fee_related_earningsHistorical Data
13 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $17.55M | $17.55M | $17.55M | $17.55M | $34.00M | $40.10M | $47.50M | $51.80M | $65.50M | $68.30M | $87.50M | $52.50M | $67.50M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +93.7% | +17.9% | +18.5% | +9.1% | +26.4% | +4.3% | +28.1% | -40.0% | +28.6% |
| YoY Change | — | — | — | — | +93.7% | +128.5% | +170.7% | +195.2% | +92.6% | +70.3% | +84.2% | +1.4% | +3.1% |
Range$17.55M – $87.50M
CAGR+56.7%
Avg YoY Growth+93.3%
Median YoY Growth+92.6%
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Frequently Asked Questions
- What is The Carlyle Group's carlyle alpinvest — fee related earnings?
- The Carlyle Group (CG) reported carlyle alpinvest — fee related earnings of $67.50M in Q1 2026.
- How has The Carlyle Group's carlyle alpinvest — fee related earnings changed year-over-year?
- The Carlyle Group's carlyle alpinvest — fee related earnings increased by 3.1% year-over-year, from $65.50M to $67.50M.
- What is the long-term trend for The Carlyle Group's carlyle alpinvest — fee related earnings?
- Over 2 years (2023 to 2025), The Carlyle Group's carlyle alpinvest — fee related earnings has grown at a 97.5% compound annual growth rate (CAGR), from $70.20M to $273.80M.
- What does carlyle alpinvest — fee related earnings mean?
- Core profit from management fees after deducting operating expenses.