Business Segments · Fund management fees and incentive fees

Global Credit — Fund management fees and incentive fees

The Carlyle Group Global Credit — Fund management fees and incentive fees decreased by 20.2% to $253.80M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.5%, from $257.60M to $253.80M. Over 4 years (FY 2021 to FY 2025), Global Credit — Fund management fees and incentive fees shows an upward trend with a 24.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2016
Last reportedQ1 2026May 8, 2026
Rolls up toTotal Revenue

How to read this metric

An increase indicates growth in fee-earning assets under management and successful investment outcomes.

Detailed definition

The total revenue generated from management fees based on committed or invested capital, combined with performance-based...

Peer comparison

Standard metric across the asset management industry, often referred to as 'Management and Incentive Fee Revenue'.

Metric ID: cg_segment_global_credit_fund_management_fees_and_incentive_fees

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$106.50M$119.20M$128.80M$143.20M$202.40M$246.90M$207.00M$195.90M$180.90M$177.60M$224.20M$205.80M$230.00M$211.70M$275.90M$257.60M$263.70M$259.80M$318.00M$253.80M
QoQ Change+11.9%+8.1%+11.2%+41.3%+22.0%-16.2%-5.4%-7.7%-1.8%+26.2%-8.2%+11.8%-8.0%+30.3%-6.6%+2.4%-1.5%+22.4%-20.2%
YoY Change+90.0%+107.1%+60.7%+36.8%-10.6%-28.1%+8.3%+5.1%+27.1%+19.2%+23.1%+25.2%+14.7%+22.7%+15.3%-1.5%
Range$106.50M$318.00M
CAGR+20.1%
Avg YoY Growth+25.9%
Median YoY Growth+21.0%

Frequently Asked Questions

What is The Carlyle Group's global credit — fund management fees and incentive fees?
The Carlyle Group (CG) reported global credit — fund management fees and incentive fees of $253.80M in Q1 2026.
How has The Carlyle Group's global credit — fund management fees and incentive fees changed year-over-year?
The Carlyle Group's global credit — fund management fees and incentive fees decreased by 1.5% year-over-year, from $257.60M to $253.80M.
What is the long-term trend for The Carlyle Group's global credit — fund management fees and incentive fees?
Over 4 years (2021 to 2025), The Carlyle Group's global credit — fund management fees and incentive fees has grown at a 24.9% compound annual growth rate (CAGR), from $451.30M to $1.10B.
What does global credit — fund management fees and incentive fees mean?
Total revenue earned from managing credit funds and achieving performance targets.