Carlyle Group Inc (CG)

In January 2026, UBS raised its price target for CG to $81 while maintaining a "Buy" rating, while Wall Street Zen downgraded Carlyle Group to "Sell". In November 2025, Citigroup and JPMorgan Chase & Co. adjusted their price targets downwards, while Morgan Stanley lifted its target and Evercore ISI also cut its target price. Carlyle Group reported its Q3 2025 earnings on November 7, 2025, meeting analysts' consensus estimates for EPS but missing revenue expectations, but delivered record Fee-Related Earnings (FRE) of $323 million in Q2 2025. In January 2026, Carlyle was among the leading bidders for Lukoil's $22 billion global asset sale, and in December 2025, Shimadzu Corporation agreed to acquire Tescan Group, A.S. from The Carlyle Group Inc. for approximately $680 million, and Carlyle Group announced plans to buy KFC Korea. Over the last six months, Carlyle's shares returned 11.4%, closely tracking the S&P 500's 11.1% gain. Polaris Capital Management LLC trimmed its holdings in Carlyle Group by 7.8% in Q3 2025.

Historically, the implied volatility for The Carlyle Group's stock (CG) tends to exhibit some seasonality. Implied volatility has typically risen most in January, with a median IV of 32.4, and declined to its lowest levels in June, with a median IV of 28.1.

The Carlyle Group Inc. is an American multinational company specializing in alternative asset management, operating in private equity, real assets, and private credit. As of September 2025, it managed $474.1 billion in total assets, including $332.0 billion in fee-earning assets under management. The Carlyle Group operates within the Finance sector, specifically in the Investment Managers industry, pooling capital from investors and deploying it across three core segments: Global Private Equity, Global Credit, and Global Investment Solutions. The Global Private Equity segment focuses on leveraged buyouts and growth capital transactions across diverse industries. The Global Credit segment manages funds that pursue investments in various credit-related areas and managed $194 billion in AUM as of December 31, 2024. The Global Investment Solutions segment, through AlpInvest Partners, advises global private equity programs and had over $85 billion in assets under management as of December 31, 2024. Carlyle generates revenue primarily through recurring management fees on its AUM and performance fees when investments are profitably sold.

The Carlyle Group maintains a significant global presence, operating through 29 offices across North America, South America, Europe, the Middle East, Africa, Asia, and Australia. Its headquarters are located in Washington, D.C., U.S.

The Carlyle Group has built a solid reputation in the alternative-asset management industry, relying on its broad product portfolio, investment performance history, and professional expertise. The firm's strategic shift towards a more fee-centric, diversified model has positively contributed to its industry standing. Some analysts have expressed concerns about a projected decline in gold equivalent production and the underperformance of the Mount Milligan asset, and some have downgraded the stock due to overvaluation and sector headwinds.

The Carlyle Group Inc. has a hybrid ownership structure, with institutional investors holding approximately 63% of all shares, including BlackRock, Inc., The Vanguard Group, Inc., and Capital World Investors. Key individual owners, who are also founders, include Daniel A. D'Aniello (9.02% ownership), William E. Conway Jr. (8.40%), and David Rubenstein (8.19%).