The Carlyle Group Inc. (CG) Earnings Call Transcripts
The Carlyle Group Inc.'s Latest Earnings Call - June 10, 2026
In the second quarter of fiscal year 2026, The Carlyle Group Inc. (CG:US) reported robust growth driven by strong exit activity and a record $100 billion in dry powder. Revenue and earnings figures were not disclosed in the transcript, but management expressed confidence in achieving their fundraising target of over $200 billion over three years, indicating a strategic focus on credit and private wealth. The company maintained its guidance for FRE growth margins, targeting $1.9 billion plus by 2028, implying a 15% CAGR, which signals strong operational momentum despite market volatility.
Reported metrics
| Metric | Value |
|---|---|
| Dry Powder | $100B (positive) |
| Accrued Carry | $2.6B (neutral) |
| FRE Target | $1.9B+ by 2028 (positive) |
| AlpInvest AUM | $100B+ (positive) |
| Fundraising Goal | $200B (positive) |
| Credit Fundraising | $90B (positive) |
Guidance from management
Carlyle maintained its FRE target of $1.9 billion plus by 2028, indicating confidence in achieving a 15% CAGR despite some funds stepping down in management fees in 2026.
What management said
There are interesting areas. There are areas where LPs are invested and there are areas where we have a long-term strong track record. Our CEO, Harvey Schwartz likes to say when he came to Carlyle, people said, "Oh, you're in trouble because you're not big in tech, you missed it." And now not being tech is somehow a virtue. So I guess if you wait long enough, things will come your way. But right now, the areas where ...
What analysts pressed on
Analysts expressed concerns about the predictability of carry realization and the potential impact of geopolitical uncertainties on fundraising efforts. There was also interest in how Carlyle plans to navigate regulatory challenges in the retirement channel.
Main topics on the call
- Record Dry Powder — Carlyle is currently sitting on a record $100 billion of dry powder, which management views as a significant opportunity for deployment in a resilient global economy. CFO Justin Plouffe stated, "there is a lot of volatil...
- Fundraising Confidence — Carlyle reiterated its goal to raise over $200 billion over the next three years, with a strong emphasis on organic growth. Plouffe noted, "we feel really confident about multiple paths to achieve that number," highlight...
- Accrued Carry Realization — Management indicated $2.6 billion of accrued carry on the balance sheet, expected to flow through over the next four years. Plouffe cautioned, "Carried interest is a really hard thing to predict quarter-to-quarter," emph...
- Growth in AlpInvest — AlpInvest has become a significant growth engine for Carlyle, with AUM exceeding $100 billion and a 60% growth in FRE last year. Plouffe remarked, "the demand for liquidity and liquidity solutions is not going away," ind...
Read the full The Carlyle Group Inc. transcript (June 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About The Carlyle Group Inc.
The Carlyle Group Inc. (CG) is a publicly listed company in the Capital Markets industry, within the Financials sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 91 calls on record spanning February 5, 2020 to August 5, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 91 The Carlyle Group Inc. earnings call transcripts on record, spanning February 5, 2020 to August 5, 2026. Based on this history, The Carlyle Group Inc. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- CG
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Financials
- Industry
- Capital Markets
- Calls on record
- 91
- First call
- February 5, 2020
- Most recent
- August 5, 2026
- Reporting cadence
- quarterly