What is The Carlyle Group's incentive fees — fund management fees and incentive fees?

The Carlyle Group (CG) reported incentive fees — fund management fees and incentive fees of $51.7M in Q1 2026.

What is the long-term trend for The Carlyle Group's incentive fees — fund management fees and incentive fees?

Over 4 years (2021 to 2025), The Carlyle Group's incentive fees — fund management fees and incentive fees has grown at a 41.8% compound annual growth rate (CAGR), from $48.8M to $197.1M.

Products & Services · Fund management fees and incentive fees

Incentive fees — Fund management fees and incentive fees

The Carlyle Group Incentive fees — Fund management fees and incentive fees decreased by 12.5% to $51.7M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 19.4%, from $43.3M to $51.7M. Over 4 years (FY 2021 to FY 2025), Incentive fees — Fund management fees and incentive fees shows an upward trend with a 41.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment

CategoryProfitability

SignalHigher is better

VolatilityModerate

First reportedQ1 2019

Last reportedQ1 2026May 8, 2026

Rolls up toTotal Revenue

How to read this metric

An increase indicates higher fee-earning assets under management or superior investment performance, while a decrease suggests asset outflows or underperformance relative to benchmarks.

Detailed definition

This metric represents the aggregate revenue generated from management fees and performance-based incentive fees within...

Peer comparison

Comparable to 'Fee-Related Earnings' or 'Management and Advisory Fees' reported by other large-scale alternative asset managers.

Metric ID: cg_segment_incentive_fees_fund_management_fees_and_incentive_fees

Historical Data

20 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	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	$10.4M	$13.1M	$15.8M	$14M	$13.5M	$15.2M	$21.1M	$19.9M	$21M	$23.6M	$31.8M	$26.2M	$31.6M	$38.9M	$37.5M	$43.3M	$40.9M	$53.8M	$59.1M	$51.7M
QoQ Change	—	+26.0%	+20.6%	-11.4%	-3.6%	+12.6%	+38.8%	-5.7%	+5.5%	+12.4%	+34.7%	-17.6%	+20.6%	+23.1%	-3.6%	+15.5%	-5.5%	+31.5%	+9.9%	-12.5%
YoY Change	—	—	—	—	+29.8%	+16.0%	+33.5%	+42.1%	+55.6%	+55.3%	+50.7%	+31.7%	+50.5%	+64.8%	+17.9%	+65.3%	+29.4%	+38.3%	+57.6%	+19.4%

Range$10.4M – $59.1M

CAGR+40.2%

Avg YoY Growth+41.1%

Median YoY Growth+40.2%

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Frequently Asked Questions

What is The Carlyle Group's incentive fees — fund management fees and incentive fees?: The Carlyle Group (CG) reported incentive fees — fund management fees and incentive fees of $51.7M in Q1 2026.
How has The Carlyle Group's incentive fees — fund management fees and incentive fees changed year-over-year?: The Carlyle Group's incentive fees — fund management fees and incentive fees increased by 19.4% year-over-year, from $43.3M to $51.7M.
What is the long-term trend for The Carlyle Group's incentive fees — fund management fees and incentive fees?: Over 4 years (2021 to 2025), The Carlyle Group's incentive fees — fund management fees and incentive fees has grown at a 41.8% compound annual growth rate (CAGR), from $48.8M to $197.1M.
What does incentive fees — fund management fees and incentive fees mean?: The total revenue earned from both recurring management fees and performance-based incentive fees within a specific business segment.