Carlyle Investor Day Presentation Deck

MEDIAN CURRENT ALLOCATION Limited Partners Are Increasing Allocations to Private Markets Median current allocations of public pension funds increase by 75%+ over last decade 13% 2% Natural Resources 7% INVESTOR DAY 2021 4% 2010 Infrastructure Real Estate Source: Global Preqin Data, January 2021. There is no guarantee these trends will continue. 23% 3% 3% 9% 2% 6% 2020 Private Debt ■ Private Equity & Venture Capital 30% 31% 59% 168% INCREASE IN MEDIAN ALLOCATION TO PRIVATE EQUITY & VENTURE CAPITAL INCREASE IN MEDIAN ALLOCATION TO REAL ESTATE INCREASE IN MEDIAN ALLOCATION TO INFRASTRUCTURE INCREASE IN PRIVATE DEBT AUM FROM $315 BN IN 2010 TO $845 BN IN 2019 184

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