Carlyle Group
Private equityNew York · Growth–Late Stage
Also known as Alpinvest Partners B.V. · ALPINVEST PRIVATE EQUITY INVESTMENT MANAGEMENT, LLC · Alpinvest Us Holdings, Llc · Carlyle Aviation Pdp Management Llc · Carlyle Aviation Securities Partners Llc · Carlyle Global Credit Investment Management L.L.C. · Carlyle Investment Management L.L.C. · CELF ADVISORS LLP
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Sign up to see your fitStage
Growth–Late Stage
HQ
New York, DC, US
Instruments
Equity
AUM
$68.4B
Fund performance · per public LP disclosures · 67
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Carlyle Credit Opportunities Fund III, L.P.LPs: New York City Board of Education Retirement System | 2024 | — | 10.2% | 1.05x | 0.19x |
| Carlyle Realty Partners XLPs: Pennsylvania Public School Employees' Retirement System, Connecticut Retirement Plans and Trust Funds, District of Columbia Retirement Board +2 more | 2024 | — | — | 0.00x | — |
| Carlyle Renewable and Sustainable Energy Fund IILPs: Empire State Development – New York Ventures | 2023 | — | — | 1.31x | 0.00x |
| Carlyle Partners VIII, L.P.LPs: Washington State Investment Board, Michigan Municipal Employees' Retirement System, California Public Employees' Retirement System +2 more | 2022 | — | 8.6% | 1.16x | 0.20x |
| AlpInvest C Fund II LPLPs: California State Teachers' Retirement System | 2021 | — | 17.6% | 1.47x | 0.07x |
| AlpInvest Co-Investment Fund (Onshore) VIII, L.P.LPs: California State Teachers' Retirement System | 2021 | — | 11.1% | 1.32x | 0.01x |
| AlpInvest Secondaries Fund (onshore) VII, L.P.LPs: California Public Employees' Retirement System | 2021 | — | 15.8% | 1.36x | 0.59x |
| Carlyle Asia Partners Growth IILPs: Northern LGPS, Richard King Mellon Foundation | 2021 | — | — | 0.82x | — |
| Carlyle Aviation Leasing Fund LPLPs: Florida State Board of Administration, Empire State Development – New York Ventures | 2021 | — | — | 1.19x | 0.10x |
| Carlyle Realty Partners IXLPs: Minnesota State Board of Investment, Pennsylvania Public School Employees' Retirement System, Connecticut Retirement Plans and Trust Funds +4 more | 2021 | — | 3.5% | 1.05x | 0.08x |
| Carlyle Property Investors, L.P.LPs: Connecticut Retirement Plans and Trust Funds, District of Columbia Retirement Board, New York City Fire Department Pension Fund | 2020 | — | 8.1% | 1.31x | 0.14x |
| Carlyle Europe Partners V, S.C.SP.LPs: California State Teachers' Retirement System, California Public Employees' Retirement System, Michigan Municipal Employees' Retirement System +1 more | 2019 | — | -3.5% | 0.91x | 0.21x |
| Carlyle Global Infrastructure Opportunity FundLPs: Maine Public Employees Retirement System | 2019 | — | 11.3% | 1.41x | 0.32x |
| AlpInvest C Fund, L.P.LPs: California State Teachers' Retirement System | 2018 | — | 14.9% | 1.83x | 0.60x |
| Carlyle Asia Partners VLPs: California State Teachers' Retirement System, California Public Employees' Retirement System, Employees' Retirement System of Rhode Island +2 more | 2018 | — | 7.6% | 1.20x | 0.39x |
| Carlyle Partners VII LPLPs: Washington State Investment Board, California State Teachers' Retirement System, California Public Employees' Retirement System +5 more | 2018 | — | 8.3% | 1.39x | 0.35x |
| AlpInvest Co-Investment Fund (Onshore) VII, L.P.LPs: California State Teachers' Retirement System | 2017 | — | 13.6% | 1.77x | 0.64x |
| Carlyle Asia Partners V PELPs: Maine Public Employees Retirement System | 2017 | — | — | 1.38x | 0.28x |
| Carlyle Realty Partners VIII, L.P.LPs: Pennsylvania Public School Employees' Retirement System, Minnesota State Board of Investment, District of Columbia Retirement Board +1 more | 2017 | — | 17.4% | 1.40x | 1.07x |
| Carlyle Strategic Partners IV, L.P.LPs: California Public Employees' Retirement System, Minnesota State Board of Investment | 2016 | — | 5.4% | 1.16x | 0.63x |
| Carlyle Energy Mezzanine Opportunities Fund II, L.P.LPs: Pennsylvania Public School Employees' Retirement System, Texas Municipal Retirement System | 2015 | — | 3.3% | 0.77x | 0.75x |
| Carlyle Europe Partners IV, L.P.LPs: California State Teachers' Retirement System, Michigan Municipal Employees' Retirement System, Richard King Mellon Foundation +1 more | 2015 | — | 11.4% | 1.58x | 1.30x |
| Carlyle Power Partners IILPs: Maine Public Employees Retirement System, Sacramento County Employees' Retirement System | 2015 | — | 8.7% | 1.37x | 1.36x |
| Carlyle U.S. Equity Opportunities II, L.P.LPs: California Public Employees' Retirement System | 2015 | — | 15.6% | 1.85x | 1.40x |
| Carlyle U.S. Equity Opportunity Fund II, L.P.LPs: California State Teachers' Retirement System, Richard King Mellon Foundation | 2015 | — | 15.3% | 1.89x | 1.41x |
| Carlyle Asia Partners IV PELPs: Maine Public Employees Retirement System | 2014 | — | 14.0% | 1.58x | 0.90x |
| Carlyle Asia Partners IV, LPLPs: Maine Public Employees Retirement System, Employees' Retirement System of Rhode Island, Richard King Mellon Foundation | 2014 | — | 12.9% | 1.58x | 1.54x |
| Carlyle Partners VI - Side CarLPs: New York City Police Pension Fund | 2014 | — | 9.5% | 1.76x | 1.76x |
| Carlyle Partners VI, L.P. (Side Car)LPs: Teachers' Retirement System of the City of New York, New York City Employees' Retirement System, New York City Police Pension Fund +2 more | 2014 | — | 9.7% | 1.77x | 1.39x |
| Carlyle Partners VI, L.P. (Side Car) Landmark Equity Partners XV, L.P.LPs: New York City Fire Department Pension Fund | 2014 | — | 14.4% | — | 1.35x |
| Carlyle Realty Partners VII, L.P.LPs: Pennsylvania Public School Employees' Retirement System, District of Columbia Retirement Board, New York City Board of Education Retirement System +2 more | 2014 | — | 9.7% | 1.35x | 1.18x |
| Carlyle Partners VI, L.P.LPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Los Angeles County Employees Retirement Association +10 more | 2013 | — | 13.3% | 1.69x | 1.52x |
| Carlyle Europe Partners III, L.P.LPs: California State Teachers' Retirement System, California Public Employees' Retirement System, Florida State Board of Administration +2 more | 2012 | — | 11.1% | 1.68x | 1.68x |
| Carlyle Energy Mezzanine Opportunities Fund-Q, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2010 | — | -8.3% | 0.72x | 0.72x |
| Carlyle Realty Partners VI, L.P.LPs: Pennsylvania Public School Employees' Retirement System, New York City Fire Department Pension Fund, Richard King Mellon Foundation | 2010 | — | 19.6% | 1.57x | 1.50x |
| Carlyle Asia Partners IIILPs: California Public Employees' Retirement System, Maine Public Employees Retirement System | 2009 | — | 12.6% | — | 1.51x |
| Carlyle Asia Partners III PELPs: Maine Public Employees Retirement System | 2009 | — | 11.9% | 1.46x | 1.36x |
| Carlyle Asia Growth Partners IV LPLPs: California Public Employees' Retirement System, Florida State Board of Administration, Richard King Mellon Foundation | 2008 | — | 1.5% | 1.08x | 0.98x |
| Carlyle Europe Technology Partners II, L.P.LPs: California Public Employees' Retirement System | 2008 | — | 16.2% | 1.86x | 1.84x |
| Carlyle Global Financial Services Partners, L.P.LPs: California Public Employees' Retirement System | 2008 | — | 13.7% | 1.68x | 1.68x |
| Carlyle Europe Partners III LP (EUR)LPs: Florida State Board of Administration | 2007 | — | 12.9% | 1.61x | 1.61x |
| Carlyle Europe Real Estate Partners IIILPs: District of Columbia Retirement Board, Los Angeles County Employees Retirement Association, Richard King Mellon Foundation | 2007 | — | -2.5% | 0.88x | 0.89x |
| Carlyle Infrastructure PartnersLPs: Maine Public Employees Retirement System | 2007 | — | 2.5% | 1.13x | 1.12x |
| Carlyle Partners V, L.P.LPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Florida State Board of Administration +10 more | 2007 | — | 13.6% | 1.90x | 1.87x |
| Carlyle Strategic Partners II, L.P.LPs: California Public Employees' Retirement System, Richard King Mellon Foundation | 2007 | — | 11.4% | 1.30x | 1.28x |
| Carlyle Asia Partners II, L.P.LPs: California Public Employees' Retirement System, Richard King Mellon Foundation | 2006 | — | 8.2% | 1.53x | 1.53x |
| Carlyle Japan Partners II, L.P.LPs: California Public Employees' Retirement System | 2006 | — | 1.1% | 1.06x | 1.05x |
| Carlyle U.S. Growth Fund III, L.P.LPs: California Public Employees' Retirement System | 2006 | — | 7.3% | 1.33x | 1.32x |
| Carlyle/Riverstone Renewable Energy Infrastructure Fund ILPs: California Public Employees' Retirement System | 2006 | — | -34.5% | 0.13x | 0.13x |
| Carlyle Asia Growth Partners III, L.P.LPs: California Public Employees' Retirement System, Richard King Mellon Foundation | 2005 | — | -1.4% | 0.92x | 0.92x |
| Carlyle Mexico Partners, L.P.LPs: California Public Employees' Retirement System | 2005 | — | 7.9% | 1.22x | 1.22x |
| Carlyle Partners IV LPLPs: California Public Employees' Retirement System, Florida State Board of Administration, New York City Police Pension Fund +3 more | 2005 | — | 13.1% | 2.03x | 2.03x |
| Carlyle Europe Partners II, L.P.LPs: Empire State Development – New York Ventures, California Public Employees' Retirement System, Michigan Municipal Employees' Retirement System +1 more | 2003 | — | 19.7% | 1.60x | 1.60x |
| Carlyle/Riverstone Global Energy and Power Fund IILPs: Empire State Development – New York Ventures, California Public Employees' Retirement System | 2003 | — | — | 1.29x | 1.29x |
| Carlyle Europe Real Estate Partners, L.P.LPs: California Public Employees' Retirement System | 2002 | — | 14.0% | 1.49x | 1.49x |
| Carlyle Mezzanine Partners II, L.P.LPs: Florida State Board of Administration | 2002 | — | 6.2% | 1.24x | 1.24x |
| Carlyle Japan Partners, L.P.LPs: California Public Employees' Retirement System | 2001 | — | 34.1% | 1.98x | 1.98x |
| Carlyle Realty Partners III, L.P.LPs: California Public Employees' Retirement System | 2001 | — | 28.3% | 2.38x | 2.37x |
| Carlyle Venture Partners II, L.P.LPs: California Public Employees' Retirement System, Richard King Mellon Foundation | 2001 | — | -0.2% | 0.99x | 0.99x |
| Carlyle Asia Partners (PV II), L.P.LPs: California Public Employees' Retirement System | 2000 | — | 18.4% | 2.73x | 2.73x |
| Carlyle Asia Partners, L.P.LPs: Connecticut Retirement Plans and Trust Funds | 2000 | — | 18.0% | 2.70x | 2.70x |
| Carlyle Partners III LPLPs: Florida State Board of Administration, New York City Police Pension Fund, New York City Fire Department Pension Fund +3 more | 2000 | — | 22.8% | 2.30x | 2.30x |
| Carlyle Europe PartnersLPs: Connecticut Retirement Plans and Trust Funds, Michigan Municipal Employees' Retirement System | 1998 | — | 16.6% | 2.00x | 2.04x |
| Carlyle Partners II, L.P.LPs: Florida State Board of Administration, Michigan Municipal Employees' Retirement System | 1994 | — | 20.1% | 2.30x | 2.30x |
| CARLYLE PARTNERS VI CO INVESTLPs: New York City Board of Education Retirement System | — | — | — | 0.71x | — |
| CARLYLE REALTY FUND VIILPs: New York City Board of Education Retirement System | — | — | — | 1.29x | — |
| Carlyle Realty Partners V, LPLPs: New York City Fire Department Pension Fund, Richard King Mellon Foundation | — | — | — | 0.00x | — |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Carlyle Group invest at?
- Carlyle Group invests at the Growth, Late Stage stages.
- What sectors does Carlyle Group focus on?
- Carlyle Group focuses on Sector Agnostic.
- Where is Carlyle Group located?
- Carlyle Group is headquartered in New York, US.
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