Carlyle Investment Management: AUM & Ownership

Clients

Carlyle Investment Management serves 612 clients, 595 of them pooled investment vehicles. The average client has about $464 million with the firm.

Regulatory assets by client type

Pooled investment vehicles595 clients72%
Insurance companies15 clients28%
Other1 clients0%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Pooled investment vehicles	595	$203,401,503,810	71.7%	$341.9M
State or municipal government entities	1	$0	0.0%	$0
Insurance companies	15	$80,392,086,429	28.3%	$5.36B
Other	1	$20,940,902	0.0%	$20.9M
Total	612	$283,814,531,141	100%	$463.7M

Pooled investment vehicles

Clients: 595
Regulatory AUM: $203,401,503,810
Share: 71.7%
Avg. per client: $341.9M

State or municipal government entities

Clients: 1
Regulatory AUM: $0
Share: 0.0%
Avg. per client: $0

Insurance companies

Clients: 15
Regulatory AUM: $80,392,086,429
Share: 28.3%
Avg. per client: $5.36B

Other

Clients: 1
Regulatory AUM: $20,940,902
Share: 0.0%
Avg. per client: $20.9M

Total

Clients: 612
Regulatory AUM: $283,814,531,141
Share: 100%
Avg. per client: $463.7M

What it does

Carlyle Investment Management provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets, fixed fees and performance-based fees.

Carlyle Investment Management advises 314 private funds.

70.7% of assets ($200.75B across 602 accounts) are managed with discretion; $83.06B across 10 accounts are not. 67% of clients are outside the U.S., and 16 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Other100%
- Interests in liquidating trusts; fee earning aum per strategic advisory services agreement with relying advisor100%

Custodians

Carlyle Investment Management has custody of $123.91B for 480 clients.

Managed account assets by custodian

All other custodians$283.81B100%

Ownership and leadership

TC Group, L.L.C. owns 75% or more of Carlyle Investment Management, and Harvey Schwartz is its CEO.

Who owns the firm

Carlyle Investment Management L.L.C.· the adviser

TC Group, L.L.C.
Control person · since December 2000
Owns 75% or more of Carlyle Investment Management L.L.C.
- CG Subsidiary Holdings L.L.C.
  Control person · since January 2020
  Owns 75% or more of TC Group, L.L.C.
  - Carlyle Holdings I, L.P.
    Control person · since January 2020
    Owns 50% to 75% of CG Subsidiary Holdings L.L.C.
    - Carlyle Holdings I GP Sub L.L.C.
      General partner · Control person · since November 2011
      - Carlyle Holdings I GP Inc.
        Control person · since November 2011
        Owns 75% or more of Carlyle Holdings I GP Sub L.L.C.
  - Carlyle Holdings II L.L.C.
    Control person · since January 2020
    Owns 25% to 50% of CG Subsidiary Holdings L.L.C.
    - Carlyle Holdings II GP L.L.C.
      Control person · since November 2011
      Owns 75% or more of Carlyle Holdings II L.L.C.

Leadership

Harvey Schwartz
Chief Executive Officer - the Carlyle Group
John Redett
Co-President and Head of Private Equity - the Carlyle Group
Justin Plouffe
Chief Financial Officer - the Carlyle Group
Lindsay Lobue
Chief Operating Officer - the Carlyle Group
Catherine Ziobro
Chief Compliance Officer - the Carlyle Group
Kate Heinzelman
General Counsel - the Carlyle Group
Heather Mitchell
Chief Risk Officer - the Carlyle Group

Staff

1,040 employees
317 in advisory functions
3 broker-dealer reps
1 soliciting firm

Reported holdings

Carlyle Investment Management’s reported 13F holdings total $10.00B across 19 positions, and the ten largest make up 99.9% of it.

$10.00B
Reported 13F value: 19
Positions: 99.9%
In the 10 largest: −5.8%
Value vs. prior quarter

Ten largest positions, share of reported value

Medline Inc. · Com CL A73.8%
Standardaero Inc.25.3%
Phathom Pharmaceuticals Inc.0.4%
Invitation Homes Inc.0.2%
Pony Ai Inc. · Sponsored ADS0.2%
Getty Images Holdings Inc. · CL A0.1%
Spruce Biosciences Inc.0.0%
Sunpower Inc.0.0%
Adicet Bio Inc.0.0%
Forward Air Corp.0.0%

Together, the ten largest are 99.9% of reported value.

The 19 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 7 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $10.00B is not its $283.81B in regulatory assets and does not represent any individual client's portfolio.

Fees

Carlyle Investment Management is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.

Carlyle Investment Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Carlyle Investment Management has 4 offices, with 5 listed addresses across 3 states.

Listed office addresses by state

District of Columbia · 1 listed address

1001 Pennsylvania Avenue, N.W., Suite 220 South, WashingtonHQ

Registration details

Legal name: Carlyle Investment Management L.L.C.
Headquarters: 1001 Pennsylvania Avenue, N.W., Suite 220 South, Washington, DC 20004-2505
Phone: 202-729-5626
Website: www.carlyle.com
SEC file: 801-52462
Structure: Delaware LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Carlyle Investment Management have?

Carlyle Investment Management has 612 clients and manages $283.8 billion for them, as of July 2026. They include 595 pooled investment vehicles, 15 insurance companies and 1 state or municipal government entities.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 7 July 2026

What services does Carlyle Investment Management offer?

Carlyle Investment Management provides portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Carlyle Investment Management have?

Carlyle Investment Management has 0 investment adviser representatives registered with state securities authorities, out of 1,040 employees, and 317 perform investment advisory functions. 3 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Carlyle Investment Management invest in?

At the end of its last fiscal year, Carlyle Investment Management’s separately managed accounts held 100% interests in liquidating trusts; fee earning aum per strategic advisory services agreement with relying advisor. It advises 314 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Carlyle Investment Management?

Carlyle Investment Management is owned through a chain of holding companies by the Carlyle Group Inc. and Carlyle Holdings II GP L.L.C. Its direct owner is TC Group, L.L.C. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 7 July 2026

How does Carlyle Investment Management get paid?

Carlyle Investment Management is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file