The Carlyle Group
AUM
€412.3B
Funds
18
vintages 2001–2025
Portfolio
177
Exits
73
The Carlyle Group is a private equity firm based in United States with €412.3B AUM, 177 active companies and 73 exits.
Key takeaways
- ·30 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 3 realized deals: 4 years.
- ·Fund cadence: ~1Y between vintages · last raise 2025.
Sector breakdown
200 companiesConsumer
32 · 16%
Industrials
25 · 13%
Financials
11 · 6%
SaaS
11 · 6%
TMT
10 · 5%
Pharma
10 · 5%
Hospitality
10 · 5%
Software
9 · 5%
Geography breakdown
27 geographiesUS
82 · 41%
UK
14 · 7%
France
13 · 7%
Japan
13 · 7%
China
12 · 6%
Germany
11 · 6%
India
11 · 6%
Italy
6 · 3%
Key facts
HQUnited States
Websitecarlyle.com
Recent exits
The Carlyle Group sold neogov to EQT and CPP Investments in 2025.
The Carlyle Group sold 1E to TeamViewer in 2025.
The Carlyle Group sold NOSA to Centre Testing International Group Co., Limited in 2025.
The Carlyle Group exited Beautycounter in 2024.
Coverage notes
18 funds tracked, 250 portfolio companies (177 active · 73 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund The Carlyle Group has raised, with its portfolio companies. Hand-checked from public filings.
18 funds
Fund
Strategy
Vintage
Size
Assets
Exits
TCG2505Buyout20251 assetsBuyout2025 · 1yr–1–
Unrealized
1 held| Company | Entry |
|---|---|
| TRYT Inc. US | – |
Carlyle Credit Strategic SolutionsPrivate Debt20243 assetsPrivate Debt2024 · 2yr–3–
Carlyle Europe Technology Partners VGrowth2023€3.0B23 assets2 exitsGrowth2023 · 3yr€3.0B232
Unrealized
23 held| Company | Entry |
|---|---|
| Acrotec Group Industrials · Switzerland | 2021 |
| Altadia Group Construction · US | – |
| Ambio Holdings, Inc. Software · US | – |
| Anixin Software · US | – |
| Anxin Apartment Consumer · China | – |
| Captrust Financials · US | – |
| Dainese Consumer · Italy | 2022 |
| Evolution Funding Fintech · UK | – |
| Flender Industrials · Ireland | 2021 |
| Forgital Aerospace & Defence · Italy | – |
| Gbtec SaaS · Germany | – |
| Grupo Garnica Plywood Construction · Spain | – |
| Ingentis HR Tech · Germany | 2025 |
| KB Financial Financials · South Korea | – |
| Mak-system Software · France | – |
| Meopta Aerospace & Defence · Czech Republic | – |
| Pr0ph3cy Group TMT · France | 2023 |
| Quest Global Services Pte. Ltd Business Services · Singapore | – |
| Seidor IT Services · Spain | – |
| SNP Software · Germany | – |
| SurePay Fintech · US | 2021 |
| Tuhu Software · China | – |
| VLCC Health Care Ltd. Consumer · India | – |
Realized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Luolai Lifestyle Technology Consumer · China | – | – | – | – | – |
| PNB Housing Financials · India | – | – | Secondary | Nippon India Mutual Fund, Kotak Mahindra Mutual Fund, Nomura Funds Ireland, Daiwa House Industry and other investors | – |
Carlyle JapanGrowth202210 assets3 exitsGrowth2022 · 4yr–103
Unrealized
10 held| Company | Entry |
|---|---|
| CureApp Inc. HealthTech · Japan | – |
| Kyoden Co., Ltd. Industrials · Japan | – |
| Orion Breweries, Ltd. Consumer · Japan | – |
| Orsini Pharmaceutical Services Pharma · Japan | – |
| Psychiatric Medical Care Healthcare · Japan | – |
| Rigaku Industrials · Japan | – |
| Sankyo Rikagaku Co., Ltd. Industrials · Japan | – |
| Tokiwa Corporation Consumer · Japan | – |
| Totoku Inc. Industrials · Japan | – |
| Varmora Granito Pvt. Limited Construction · India | – |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Money Square Holdings, Inc. Fintech · Japan | – | 2022 | Secondary | Neusynergy Capital Management / Nojima vehicle | – |
| Oyatsu Company Limited Consumer · Japan | – | 2022 | Secondary | D Capital | – |
| Senqcia Corporation Industrials · Japan | – | – | Secondary | Lone Star Funds | – |
Carlyle Asia fundGrowth2021€123M11 assets3 exitsGrowth2021 · 5yr€123M113
Unrealized
11 held| Company | Entry |
|---|---|
| Abbisko Healthcare Biotech · China | – |
| Abrigo SaaS · US | – |
| Acentra Health Healthcare · US | – |
| AutoForm Mobility · Switzerland | 2021 |
| Duravant Industrials · US | – |
| Resonetics MedTech · US | – |
| Saama AI/ML · US | – |
| Sciens Building Solutions Construction · US | – |
| Two Six Technologies Aerospace & Defence · US | – |
| Viyash Life Sciences Private Limited Pharma · India | – |
| YipitData Data & Analytics · US | – |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Beautycounter Consumer · US | – | 2024 | – | – | – |
| Kokusai Kogyo Co., Ltd. Construction · Japan | – | 2023 | Trade Sale | MIRAIT ONE Corporation | – |
| neogov SaaS · US | – | 2025 | Secondary | EQT and CPP Investments | – |
Carlyle U.S. Private Equity FundRealizedBuyout20203 assetsBuyout2020 · 6yr–3–
Unrealized
3 held| Company | Entry |
|---|---|
| Armada Industrials · France | – |
| Nxtra Data Limited Telecom · India | – |
| Piramal Pharma Limited Pharma · India | – |
Carlyle Europe Technology Partners IVRealizedGrowth2019€1.4B25 assets14 exitsGrowth2019 · 7yr€1.4B2514
Unrealized
25 held| Company | Entry |
|---|---|
| ADB Safegate Aerospace & Defence · US | 2017 |
| Calastone Fintech · UK | – |
| Codorníu Raventós Consumer · Spain | – |
| Compana Pet Brands Consumer · US | – |
| CSS AG Software · Germany | – |
| Dept TMT · Netherlands | 2019 |
| disguise TMT · UK | – |
| Du Xiaoman Financial Fintech · China | – |
| Flos B&B Italia Consumer · Italy | – |
| Groupe Lacour Consumer · France | – |
| Hack The Box Cybersecurity · UK | – |
| Hilb Group Financials · US | – |
| HireVue SaaS · US | – |
| HSO Group IT Services · Netherlands | – |
| Incubeta AdTech · UK | – |
| Inpart HealthTech · France | 2020 |
| Isometrix SaaS | – |
| JD Logistics Logistics · China | – |
| Jeanologia Industrials · Spain | 2019 |
| LiveU TMT · Israel | – |
| Phrase SaaS · Germany | – |
| Schaltbau Holding AG Mobility · Germany | – |
| Shopware SaaS · Germany | – |
| SMD Technologies Consumer · US | – |
| Tescan Group Industrials · Czech Republic | – |
Realized
14 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| 1E SaaS · UK | – | 2025 | Trade Sale | TeamViewer | – |
| Comdata Business Services · US | – | 2022 | Trade Sale | Konecta | – |
| CUPA Group Construction · US | – | 2022 | Secondary | Brookfield | – |
| Delhivery Logistics · India | – | – | Secondary | BNP Paribas Arbitrage, Norges Bank, Societe Generale and other institutional investors | – |
| Golden Goose Consumer · US | 2015 | 2017 | Secondary | Permira | – |
| iNova Pharma · Australia | – | 2021 | Secondary | TPG | – |
| Irca Consumer · Italy | 2017 | 2022 | Secondary | Advent International | – |
| Packable Consumer · US | – | 2022 | – | – | – |
| Praesidiad Aerospace & Defence · UK | – | – | – | – | – |
| PurposeBuilt Brands Consumer · UK | – | 2022 | Secondary | Rock Mountain Capital and The Olayan Group-led group | – |
| Saverglass Industrials · France | 2006 | 2011 | Secondary | Astorg Partners | – |
| Shanghai ANE Logistics · China | – | – | IPO | – | – |
| Tongyi Lubricant Mobility · China | – | – | – | – | – |
| Visionary RCM Infotech (India) Private Limited IT Services · India | – | 2020 | Trade Sale | CorroHealth | – |
Carlyle Sub-Saharan Africa FundRealizedBuyout2018€300M14 assets6 exitsBuyout2018 · 8yr€300M146
Unrealized
14 held| Company | Entry |
|---|---|
| A Twosome Place Hospitality · US | – |
| Abacus Pharmaceuticals Pharma · US | – |
| Accolade Wines Consumer · Australia | – |
| CMC Networks Telecom · South Africa | – |
| Every Man Jack Consumer · US | – |
| Madero Indústria e Comércio S.A. Hospitality · Brazil | 2010 |
| Medline MedTech · US | – |
| Sedgwick Inc. Financials · US | – |
| SeQuent Scientific Limited Pharma · India | – |
| StandardAero Holding Corp. Aerospace & Defence · US | – |
| StandardAero, Inc. Aerospace & Defence · US | – |
| TriNetX HealthTech · US | – |
| Unchained Labs MedTech · US | – |
| Wakanow.com Limited Hospitality · Nigeria | – |
Realized
6 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Amecor TMT · US | – | 2024 | Trade Sale | ASSA ABLOY | – |
| Amrod Consumer · US | – | 2023 | Secondary | Oppenheimer Partners Limited | – |
| NOSA South Africa | – | 2025 | Trade Sale | Centre Testing International Group Co., Limited | – |
| One Medical HealthTech · US | – | 2023 | Trade Sale | Amazon | – |
| Shenzhen Salubris Pharmaceutical Co., Ltd Pharma · China | – | – | – | – | – |
| Tessara Agriculture · South Africa | – | 2023 | Trade Sale | AgroFresh | – |
Carlyle Global Infrastructure Opportunity FundRealizedInfrastructure2017€3.5B5 assets2 exitsInfrastructure2017 · 9yr€3.5B52
Unrealized
5 held| Company | Entry |
|---|---|
| Alphastruxure Construction · US | – |
| CFGI Financials · US | – |
| GCR (Global Credit Ratings) Financials · US | – |
| Millicent Pharma Limited Pharma · UK | – |
| Vantage Group Holdings Ltd. Financials · UK | – |
Realized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Jagex Software · UK | – | 2024 | Secondary | CVC Capital Partners and Haveli Investments | – |
| PrimeFlight Aviation Services, Inc. Industrials · US | – | 2023 | Secondary | The Sterling Group and Capitol Meridian Partners | – |
Carlyle U.S. Equity Opportunity Fund IIRealizedBuyout2016€2.4B10 assets4 exitsBuyout2016 · 10yr€2.4B104
Unrealized
10 held| Company | Entry |
|---|---|
| Accelerate Learning SaaS · US | – |
| Array Canada Inc. Industrials · Canada | – |
| Claritas, LLC TMT · US | – |
| corrohealth HealthTech · US | – |
| Expertia Travel Hospitality · US | – |
| G&N Brands Consumer · US | – |
| Galway Insurance Holdings Financials · US | – |
| KLDiscovery Data & Analytics · US | – |
| LPG Systems SA Industrials · Switzerland | – |
| Net Health Systems HealthTech · US | – |
Realized
4 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| BenefitMall HR Tech · US | – | 2022 | Trade Sale | Truist Insurance Holdings / CRC Group | – |
| PIB Limited Financials · US | – | 2021 | Secondary | Apax Partners | – |
| Thomas Scientific, LLC Industrials · US | – | 2022 | Secondary | Broad Sky Partners | – |
| United Road Services Logistics · US | – | 2021 | Secondary | Charlesbank Capital Partners | – |
Carlyle Partners VIRealizedBuyout201511 assets3 exitsBuyout2015 · 11yr–113
Unrealized
11 held| Company | Entry |
|---|---|
| Cap Vert Finance ClimateTech · France | 2015 |
| CommScope Holding Company, Inc. Telecom · US | – |
| Grupo Palacios Consumer · Spain | 2015 |
| MedRisk HoldCo, LLC Healthcare · US | – |
| Novetta Solutions, LLC TMT · US | – |
| Quidel Ortho MedTech · US | – |
| Rede D’Or São Luiz S.A. Healthcare · Brazil | – |
| SEACOR Marine Holdings Inc. Logistics · US | – |
| Veritas Mobility · US | – |
| WellDyneRx, LLC Healthcare · US | – |
| ZoomInfo SaaS · US | – |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Fang Holdings Limited TMT · US | – | – | – | – | – |
| Ithaca Holdings, LLC Consumer · US | – | 2021 | Trade Sale | HYBE America | – |
| MKS Instruments, Inc. Industrials · US | – | – | Trade Sale | MKS Instruments, Inc. | – |
Carlyle Aviation PartnersRealizedPrivate Debt2014€2.3B6 assets6 exitsPrivate Debt2014 · 12yr€2.3B66
Unrealized
6 held| Company | Entry |
|---|---|
| Arctic Glacier Inc. Consumer · US | – |
| Asia Satellite Telecom Holdings Telecom · Hong Kong | – |
| Global Jet Capital Industrials · US | – |
| Magnit Industrials · Russia | – |
| NEP Group, Inc. TMT · US | – |
| TAMKO Building Products Construction · US | – |
Realized
6 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| McCauley (formerly Sam McCauley Chemists Limited) Consumer · Ireland | – | – | Trade Sale | Uniphar | – |
| McDonald's China (Grand Foods Holdings Limited) Hospitality · China | – | 2024 | Trade Sale | McDonald's Corporation | – |
| NetMotion Cybersecurity · US | – | 2021 | Trade Sale | Absolute Software Corporation | – |
| Sports Surgery Clinic Limited Healthcare · Ireland | – | 2023 | Trade Sale | UPMC | – |
| The City Bin Co. Industrials · Ireland | – | – | Trade Sale | Beauparc Utilities | – |
| Traxys Group Logistics · Luxembourg | – | – | Secondary | Traxys management, Pegasus Capital Advisors and Resource Capital Funds | – |
Carlyle Peru FundRealizedBuyout2013€308M5 assetsBuyout2013 · 13yr€308M5–
Unrealized
5 held| Company | Entry |
|---|---|
| Atracciones Coney Island Hospitality · US | – |
| Broadcast Text International TMT · Sweden | 2013 |
| Homair Hospitality · France | 2014 |
| Inca Rail Hospitality · Peru | – |
| The TCW Group, Inc Financials · US | – |
Carlyle Europe Partners III L.P.RealizedBuyout2012€5.4B8 assets2 exitsBuyout2012 · 14yr€5.4B82
Unrealized
8 held| Company | Entry |
|---|---|
| Anthesis Business Services · UK | 2023 |
| Farmfront Industrials · US | – |
| Hunkemöller Consumer · Netherlands | 2016 |
| Metrologic Industrials · France | 2012 |
| Penti Consumer · Turkey | – |
| Theramex Pharma · UK | – |
| Twin-Set Simona Barbieri Consumer · Italy | 2012 |
| vwd Vereinigte Wirtschaftsdienste Fintech · Germany | 2012 |
Realized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Addison Lee Group Mobility · UK | – | 2020 | Secondary | Cheyne Capital and Liam Griffin-led consortium | – |
| Twin Set Consumer · Italy | – | – | Secondary | Borletti Group and Quadrivio Group | – |
Carlyle Partners V, L.P.RealizedBuyout2011€13.7B2 assets5 exitsBuyout2011 · 15yr€13.7B25
Unrealized
2 held| Company | Entry |
|---|---|
| ADA Cosmetics International Consumer · Germany | 2011 |
| Syniverse Technologies Telecom · US | – |
Realized
5 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Paradigm Precision Aerospace & Defence · US | – | – | Trade Sale | Whitcraft Group | – |
| Pharmaceutical Product Development, Inc. (PPD) Pharma · US | – | 2021 | Trade Sale | Thermo Fisher Scientific | – |
| Ri-Happy Brinquedos S.A. Consumer · Brazil | – | – | – | – | – |
| Sequa Corporation Aerospace & Defence · US | – | – | Secondary | Veritas Capital | – |
| The Bountiful Company Consumer · US | – | 2021 | Trade Sale | Nestle Health Science | – |
Carlyle Asia Partners IIIRealizedGrowth2008€2.5B6 assets3 exitsGrowth2008 · 18yr€2.5B63
Unrealized
6 held| Company | Entry |
|---|---|
| B&B Hospitality · France | 2010 |
| B&B Hotels Hospitality · France | 2010 |
| Companeo Software · France | 2010 |
| HCP Industrials · US | – |
| Highway Roop Precision Technologies Limited Industrials · India | – |
| hutchmed Biotech · China | – |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Global Health Private Limited Healthcare · India | – | – | IPO | – | – |
| Livingstone Business Services · China | – | – | Secondary | Trustmarque Solutions Limited | – |
| Prima Solutions SA SaaS · France | – | – | Trade Sale | Total Specific Solutions | – |
Carlyle Europe Partners II, L.P.RealizedBuyout20061 assets1 exitsBuyout2006 · 20yr–11
Unrealized
1 held| Company | Entry |
|---|---|
| Com Hem Telecom · Sweden | 2006 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| H.C. Starck GmbH Industrials · Germany | – | – | Trade Sale | Masan Resources, Hoganas and JX Nippon Mining & Metals | – |
Carlyle healthcare fundRealizedBuyout20011 assets1 exitsBuyout2001 · 25yr–11
Unrealized
1 held| Company | Entry |
|---|---|
| Edscha Mobility · Germany | 2002 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Acufocus, Inc. MedTech · US | – | 2023 | Trade Sale | Bausch + Lomb | – |
Other portfolio companies
50 more The Carlyle Group investments not tied to a tracked fund.
- Adicon Holdings Limited · MedTech · US
- AGILOX Systems GmbH · Logistics · Germany
- Alamar Foods · Hospitality · Saudi Arabia · exited 2022
- Ampere Computing Holdings LLC · TMT · US
- Ant Financial · Fintech · China
- BiOligo Biotechnology · Biotech · US
- China Literature Limited · TMT · China · exited 2017
- Content Partners LLC · TMT · US · exited
- curia · Pharma · US
- Doxis · SaaS · Germany
- Eggplant · ClimateTech · UK · exited 2020
- END. · Consumer · UK · exited 2024
- envea · Industrials · France · 2020
- European Camping Group · Hospitality · France · exited 2021
- Exiger · Business Services · US
- Extreme Reach, Inc. · TMT · US · exited
- Genetix Biotherapeutics · Biotech · US
- Hexaware · IT Services · India
- Huohua Siwei (Spark Education) · Software · China · 2018
- Hurst Point Group · Business Services · UK
- Hyundai Glovis · Logistics · South Korea
- IC Consult Group · Business Services · Germany
- Included Health · HealthTech · US
- Indegene · HealthTech · US · exited 2024
- Interlink Maritime Corp. · Logistics · US · exited
- J&J Africa · Industrials · South Africa · exited 2022
- Kakao Mobility Corp. · Consumer · South Korea
- KANAMEL Inc. · Consumer · Japan
- Kaonavi, Inc. · SaaS · US
- Moeve · Industrials · US
- Netceed · Telecom · US
- Neverhack · Industrials · US
- Nobian · Industrials
- Nouryon · Industrials · Netherlands · 2018
- On Location Experiences · Business Services · US · exited 2020
- OneSmart · Education · China
- Pusen Medical · MedTech · China
- Quantum Leap · Construction · US
- SBI Card · Financials · India · exited
- SBI Life Insurance Company Ltd · Financials · India · exited
- Sensors Data · TMT · France · 2019
- Spiber Inc. · Industrials · Japan
- Sunsho Pharmaceutical Co., Ltd. · Pharma · Japan · exited 2021
- Supreme · Consumer · US · exited 2020
- Tempo Participações S.A. · Logistics · Brazil
- Titan Acquisition Holdings · Aerospace & Defence · US · exited 2023
- Uzabase Inc. · Business Services · Japan
- Victory Innovations · Industrials · US · exited
- VXI Global Solutions · Business Services · US · exited 2023
- Yes Bank Limited · Financials · India
About The Carlyle Group
The Carlyle Group is a American private equity and investment platform with capital deployed across 19 active fund vehicles, headquartered in New York. The firm operates across multiple alternative strategies, with capital deployed into European businesses across industrials, consumer, healthcare, software, financials and TMT.
Investment thesis
The Carlyle Group operates across complementary alternative investment strategies, deploying capital into European businesses across industrials, consumer, healthcare, software, financials and TMT. The multi-strategy platform enables diversified capital deployment across the business lifecycle from venture and growth equity to mid-cap buyouts, with capital sourced from institutional limited partners and selective family-office capital across North America with selective European deployment.
Recent activity
Recent realised exits include neogov (software, 2025), NOSA (diversified sectors, 2025), 1E (software, 2025) and Indegene (healthcare, 2024). The platform tracks 19 fund vehicles, 163 active portfolio companies and 73 realised exits across the strategy's history.
Frequently asked questions
- How many portfolio companies does The Carlyle Group have?
- The Carlyle Group has 177 active portfolio companies and 73 completed exits and 18 funds tracked on GP Intel.
- Where is The Carlyle Group headquartered?
- The Carlyle Group is headquartered in United States.
- What is The Carlyle Group's assets under management?
- The Carlyle Group manages approximately €412.3B in assets under management.
- What are The Carlyle Group's recent exits?
- Recent realized exits by The Carlyle Group include: neogov (2025) to EQT and CPP Investments; 1E (2025) to TeamViewer; NOSA (2025) to Centre Testing International Group Co., Limited; Amecor (2024) to ASSA ABLOY; Jagex (2024) to CVC Capital Partners and Haveli Investments; McDonald's China (Grand Foods Holdings Limited) (2024) to McDonald's Corporation; Kokusai Kogyo Co., Ltd. (2023) to MIRAIT ONE Corporation; Amrod (2023) to Oppenheimer Partners Limited.
Similar firms
Other private equity firms tracked on GP Intel.
Ares Management
United States·€559.3B
KKR
United States·€658.0B
Thoma Bravo
United States·€154.7B
HarbourVest Partners
United States·€148.1B
Hamilton Lane
United States·€123.1B
General Atlantic
United States·€114.5B
Silver Lake
United States·€99.0B
Warburg Pincus
United States·€91.9B
Future Standard
United States·€87.0B
Advent International
United States·€87.0BCD&R
United States·€76.7B
TA Associates
United States·€51.0BLook up another firm or company
Last updated August 2026 · Sourced from public filings · Report an issue