Carlyle Investor Day Presentation Deck
Fee-Earning AUM Growth Increasingly Driven by
Higher Fee Capital...
LEGACY AUM CONTINUES TO RUN OFF, REPLACED BY HIGHER-FEE PAYING AUM
# OF
CLIENTS
$29 BN
$23
$6
2012
14
LOWER FEE CAPITAL
$29 BN
$18
$11
2014
42
Post-Acquisition Capital
$25 BN
$11
$14
2016
116
Pre-Acquisition Founder Capital
$27 BN
$7
$20
2018
190
$34 BN
$5
$29
2020
400+
$36+ BN
$36+
2024 Estimate
HIGHER FEE CAPITAL
AlpInvest information only. Note: Information presented is illustrative and not intended to predict future events, but to present a target for Fee Paying AUM and identify certain factors that may influence whether this target is achieved. Key assumptions include the level of
fundraising, deployment and performance for each of our Investment Solutions strategies. Actual results may differ materially.
INVESTOR DAY 2021
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