Carlyle Investor Day Presentation Deck

Trends Favor the Largest Global Investment Firms THE LARGEST FUND MANAGERS ARE GETTING MORE SHARE MARKET SHARE OF TOP 20 FUNDS' 29% 2014 45% 2019 Note: Represents median allocations of disclosed public pension plans. Source: Preqin. There is no guarantee these trends will continue. 1. As a percent of capital from our top 30 limited partners.. INVESTOR DAY 2021 80% of our largest LPs invested in 4 or more fund strategies 44

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