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Contents the Carlyle group: a Closer look 8letter from the founders 10 fund review 17Corporate private equity fund review 18alternative assets fund review 38real estate fund review 44investor serviCes 52Community serviCe 54
a c c   a r, c  c, , c   ,     t C g       c b c   . a      a r      c ,      b    z. a  c  a r    c     -cc . rc   c    c     , -cc . t c      ’ c,c   c  . t c b  c  C’  bc  b c       b cc. past performanCe is no guaranteeof future results. i    a r  cc    , c    c   c   cc  . u  ,  c      c  , c , , c c      b b    b C, c  c       c  b b.
 
e ,  c   b, C c  b   b b b. B cb b   c ,    -,  b c  ,   bc c. t’  c  .f c e  b  i          c  c ,  c c C  c         .w c  c    
One Carlyle
. a   -  c  c     . i’  c   c  — c   c      c , c  .
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