Carlyle Investor Day Presentation Deck
...Leading to Improving Management Fee Economics
At acquisition, AlpInvest Fee-earning
AUM consisted primarily
of two low-fee owner/investors
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●
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Today, AlpInvest has 400+ third-
party LPs paying market rates
Higher fee Secondary and
Co-Investment strategies are a
growing portion of the platform
$140
INVESTOR DAY 2021
2016
0.51%
INVESTMENT SOLUTIONS
MANAGEMENT FEE REVENUE ($MM)
$155
2017
0.54%
$167
2018
$157
2019
$193
2020
0.56%
0.55%
0.60%
EFFECTIVE MANAGEMENT FEE RATE
$225+
2024+
ESTIMATE
0.65%+
Note: Information presented is illustrative and not intended to predict future events, but to present a target for Management Fee Revenue 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.
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