← Carlyle Group

Carlyle Partners VII, L.P.

Carlyle GroupVINTAGE 2018

NET IRR

7.7%

TVPI

1.39x

DPI

0.41x

COMMITMENT

$150M

LP SOURCES

32

VALUATION SPREAD1.38x – 1.49x TVPI across 5 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$150M$162M7.7%1.39x0.41xSOURCE ↗◆
CPPIB2025-09-30$500M$528M———SOURCE ↗◆
CalPERS2025-09-30$300M$607.2M13.0%1.49x0.95xSOURCE ↗◆
WSIB2025-09-30$600M$634.1M8.0%1.40x0.41xSOURCE ↗◆
CalSTRS2025-06-30$500M$533.4M8.3%1.39x0.35xSOURCE ↗◆
Florida SBA2025-06-30$100M$107.7M8.1%1.38x0.35xSOURCE ↗◆
Florida SBA2025-03-31$100M$107.7M8.0%1.36x0.32xSOURCE ↗◆
Florida SBA2024-12-31$100M$107.4M8.0%1.34x0.27xSOURCE ↗◆
Florida SBA2024-09-30$100M$106.5M8.0%1.32x0.16xSOURCE ↗◆
Florida SBA2024-06-30$100M$106.4M7.9%1.29x0.13xSOURCE ↗◆
Florida SBA2024-03-31$100M$104.5M7.6%1.26x0.11xSOURCE ↗◆
Florida SBA2023-12-31$100M$103.6M8.0%1.26x0.11xSOURCE ↗◆
Florida SBA2023-09-30$100M$103.5M8.0%1.24x0.11xSOURCE ↗◆
Florida SBA2022-09-30$100M$103.3M8.5%1.16x0.07xSOURCE ↗◆
Florida SBA2022-06-30$100M$97.8M10.4%1.19x0.03xSOURCE ↗◆
Florida SBA2022-03-31$100M$97.8M12.0%1.18x0.03xSOURCE ↗◆
Florida SBA2021-12-31$100M$97.3M13.1%1.17x0.03xSOURCE ↗◆
Florida SBA2021-09-30$100M$84.9M9.6%1.11x0.04xSOURCE ↗◆
Florida SBA2021-06-30$100M$63.1M9.3%1.12x0.05xSOURCE ↗◆
Florida SBA2021-03-31$100M$51.9M8.6%1.11x0.05xSOURCE ↗◆
Florida SBA2020-12-31$100M$49.4M0.5%1.01x0.05xSOURCE ↗◆
Florida SBA2020-09-30$100M$40.7M-7.3%0.93x0.03xSOURCE ↗◆
Florida SBA2020-06-30$100M$39.8M-11.0%0.92x0.01xSOURCE ↗◆
Florida SBA2020-03-31$100M$25.3M-25.6%0.77x0.01xSOURCE ↗◆
Florida SBA2019-12-31$100M$25.3M-11.8%0.92x0.01xSOURCE ↗◆
Florida SBA2019-09-30$100M$24.4M—0.86x0.00xSOURCE ↗◆
Florida SBA2019-06-30$100M$14.9M—0.83x0.00xSOURCE ↗◆
Florida SBA2019-03-31$100M$13.8M—0.83x0.00xSOURCE ↗◆
Florida SBA2018-12-31$100M$3.4M—0.25x0.00xSOURCE ↗◆
Florida SBA2018-09-30$100M$0M———SOURCE ↗◆
Florida SBA2018-06-30$100M$0M———SOURCE ↗◆
Florida SBA2018-03-31$100M$0M———SOURCE ↗◆