Carlyle Global Partners

Longer-term investment strategy unlocks differentiated deal flow

• Longer-term NAV focus
• Seeks attractive risk-adjusted returns on significant sums of capital
• Longer hold capability
• Significant downside protection and conservative capital structure

Select investment characteristics

• Ability to put in place longer-term value creation initiatives and underwrite to 7+ year holding periods
• Target attractive risk-adjusted returns with multiple levers for return upside
• Control and non-control transactions with appropriate governance
• Focus on sectors and geographies where Carlyle has longstanding expertise and proprietary sector insight
• Global mandate with primary geographic focus on North America and Europe

Tailored solutions for longer-term capital appreciation

• Family-owned businesses / generational transitions
  • Value-added capital to facilitate liquidity through generational transitions
• Invest capital to scale operating businesses and platform buildups
  • Capital to support organic growth initiatives and create substantial value over a longer-term time horizon
  • Investments in fragmented industries with significant add-on acquisition opportunities and/or transformative transactions where longer-term capital can be of strategic value
• Provide capital solutions via structured securities
  • Provide liquidity option to existing shareholders
  • Partner with remaining shareholders to invest in further growth of the business

Investment Structure Well-Suited for Longer-Term Investors

• Opportunity to generate NAV appreciation through continuous compounding
• No fees on committed capital; aligned with capital deployment
• Aims to reduce re-commitment and re-investment risk
• Possible co-investment opportunities with meaningful allocation potential
• Control and non-control transactions with appropriate governance