The Carlyle Group Carlyle AlpInvest — Fund management fees and incentive fees decreased by 14.5% to $155.40M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.7%, from $149.90M to $155.40M. Over 2 years (FY 2023 to FY 2025), Carlyle AlpInvest — Fund management fees and incentive fees shows an upward trend with a 37.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Growth indicates successful fundraising or strong asset appreciation, driving higher recurring revenue.
The primary revenue stream generated from managing client capital, consisting of recurring management fees based on AUM...
Comparable to 'Management and Advisory Fees' reported by other private equity firms.
cg_segment_carlyle_alpinvest_fund_management_fees_and_incentive_fees| 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 | $87.00M | $87.00M | $87.00M | $87.00M | $101.50M | $103.70M | $135.90M | $142.40M | $149.90M | $148.40M | $176.20M | $181.70M | $155.40M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +16.7% | +2.2% | +31.1% | +4.8% | +5.3% | -1.0% | +18.7% | +3.1% | -14.5% |
| YoY Change | — | — | — | — | +16.7% | +19.2% | +56.2% | +63.7% | +47.7% | +43.1% | +29.7% | +27.6% | +3.7% |