← Carlyle Group

Carlyle Asia Partners V, L.P.

Carlyle GroupVINTAGE 2018

NET IRR

16.1%

TVPI

1.36x

DPI

0.85x

COMMITMENT

$125M

LP SOURCES

4

VALUATION SPREAD1.21x – 1.36x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCE	AS OF	COMMITMENT	PAID IN	NET IRR	TVPI	DPI	DOC
CalPERS	2025-09-30	$125M	$222.3M	16.1%	1.36x	0.85x	SOURCE ↗◆
CPPIB	2025-09-30	$375M	$431M	—	—	—	SOURCE ↗◆
MainePERS	2025-09-30	$45M	$52.7M	7.5%	—	—	SOURCE ↗◆
CalSTRS	2025-06-30	$250M	$285.1M	8.0%	1.21x	0.39x	SOURCE ↗◆