Carlyle Group Inc (The)

Strong Financial Performance: Carlyle reported Fee-Related Earnings (FRE) of $312 million for Q3 2025, up 12% year-over-year, contributing to a year-to-date total of $946 million, indicating a solid growth trajectory with a projected full-year FRE growth of approximately 10% (up from a prior outlook of 6%).

Record AUM and Inflows: Total Assets Under Management (AUM) reached a record $474 billion, a 7% increase year-to-date. The firm delivered organic inflows of $17 billion in Q3 and nearly $60 billion in inflows over the past 12 months, significantly surpassing the prior year and highlighting strong demand in credit and global wealth sectors.

Market Resilience Amid Challenges: Despite a complex and somewhat challenging macro environment, Carlyle noted resilience in the global economy, with healthy consumer spending and balanced economic fundamentals. The firm stated that its data shows no broad deterioration in credit quality, with favorable market conditions expected to continue into 2026.