Carlyle Investor Day Presentation Deck

Strong Performance & Growth for Our Investors 17% GROSS IRR MODEL PORTFOLIO PERFORMANCE' (70% Primary Buyout, 15% Secondaries, 15% Co-Investments) 2.6x REALIZED GROSS MOIC +9% OUTPERFORMANCE VS MSCI AC WORLD PME CO-INVESTMENT PERFORMANCE² 1.7x REALIZED GROSS MOIC 25% GROSS IRR -5% AVG. OUTPERFORMANCE VS CAMBRIDGE PE FOF 20% GROSS IRR SECONDARIES PERFORMANCE4 Past performance is not indicative of future results. Please see end notes for more information. INVESTOR DAY 2021 BENCHMARK Upper Quartile PERFORMANCE ACROSS PROGRAMS IV-VI³ Upper Quartile PERFORMANCE ACROSS PROGRAMS III-V ALPINVEST SECONDARIES PROGRAM SIZE $5.4 BN ASP V (2012) +13% $6.1 BN ASP VI (2016) +48% $9.0 BN ASP VII (2020) 169

View entire presentation