Carlyle Investor Day Presentation Deck
Endnotes
SLIDE 160
Note: Past performance is not a guarantee of future results.
(1)
US CLO Equity net IRR December 1999-December 2020. The historical performance shown above is for all realized structured credit funds managed by Carlyle, excluding the
funds acquired past their reinvestment periods.
(2)
Combined CHYP 2008-1 net IRR December 2007-September 2011 and CSC net IRR February 2017-December 2020.
(3) Annualized returns over the past five years from January 2016-December 2020. Loan Level Returns include all interest, fee income, OID accretion/acceleration and
realized/unrealized losses. Returns exclude 3rd party CLO investing and equity investments.
CCOF net IRR November 2017-December 2020.
CSP net IRR October 2004-December 2020. Combined IRR of CSP I, II, III, IV.
Net realized and unrealized IRR for SASOF I, II, III, IV, as well as managed accounts and other investment vehicles from March 2004 to December 2020. Net realized and
unrealized IRR is calculated by aggregating realized IRR and unrealized IRR. The unrealized IRR component is based on the Net Asset Value as of the measurement date. IRR
refers to internal rate of return, meaning the aggregate, compound, annual internal rate of return on investments. IRR is calculated using the "XIRR" function in Microsoft Excel.
In Microsoft Excel, the "XIRR" function differs from the "IRR" function in that the "XIRR" function solves for irregular payment intervals. All IRR calculations in this Part II include the
aggregate invested capital, and are net of costs and expenses attributable to all investments (including realized investments, partially realized investments, and unrealized
investments) comprising an Investment Platform. For each Investment Platform other than Tribeca and AAC Trading Pool, IRRs are calculated on the basis of monthly
investment inflows and outflows by/to investors in respect of portfolio investments, and for Tribeca and AAC Trading Pool, IRRS are calculated on the basis of monthly
investment inflows by investors and outflows are calculated on the date of outflows in respect of portfolio investments to the applicable Investment Platform and, therefore,
does not necessarily match the dates of cash flows to investors. In certain instances one or more of the Investment Platforms may have used and/or will use a fund line of
credit to fund the initial purchase of a portfolio investment; however, for purposes of performance returns, the month in which the capital was utilized to repay the line of
credit is the date used in the IRR calculation. This may cause the IRR of an Investment Platform to be higher than if the date of the actual investment utilizing the line of credit
were used.
(4)
(5)
(6)
INVESTOR DAY 2021
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