Carlyle(CG)2025-05-09 20:12AUM and Performance Metrics - The company reported a total of Fee-earning AUM, which includes the fair value of investments in carry funds and related co-investment vehicles, as well as capital entitled to be called from investors[20]. - The calculation of AUM includes third-party capital raised for investment in Fortitude, reflecting the net asset value of investments in Carlyle products[22]. - Performance Fee Eligible AUM represents the AUM of funds for which the company is entitled to receive performance allocations, inclusive of fair value investments[28]. - Perpetual Capital includes assets managed under strategic advisory services agreements, business development companies, and certain structured credit products[29]. - The company’s calculations of AUM and Fee-earning AUM may differ from those of other asset managers, affecting comparability[24]. Internal Controls and Risk Management - The company maintains effective disclosure controls and procedures to ensure timely reporting of required information[635]. - There were no material changes in market risks during the three months ended March 31, 2025[634]. - The company’s internal control over financial reporting has not materially changed during the fiscal quarter ended March 31, 2025[637]. Investment Process - The investment process involves comprehensive due diligence, including review of management reputation and business sector risks[633]. Legacy Funds - Legacy Energy Funds, which include Energy III, Energy IV, and Renew II, are no longer significant to the company’s results of operations[30].