Carlyle Investor Day Presentation Deck

Scaling of Portfolio Reflects Higher Long-Term Performance Revenue Capacity $62 REMAINING FAIR VALUE ($BN)' Global Private Equity & Global Credit Carry Funds $87 2012-17 Avg See Notes at end of document. INVESTOR DAY 2021 $79 2018 2019 $95 2020 THE PORTFOLIO OF INVESTMENTS IN OUR TRADITIONAL CARRY FUNDS IS NOW MORE THAN 50% LARGER COMPARED TO THE 2012-17 AVERAGE 102

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