# The Carlyle Group: portfolio, investments and team

> The Carlyle Group is a private equity based in United States. 108 investments on record, 2 in the last 12 months, latest Aug 2026.

Source: https://millionrounds.com/fund/the-carlyle-group (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# The Carlyle Group

Last cheque observed Aug 2026; 108 cheques on record.

Deploying now New fund $109M, Oct 2026 Private equity

Buyout Growth Seed Apps Financial Services Identity Management

Deploying now

**100%** of best year **2** **cheques in 12 months**, 108 on record

Since the last cheque **66** days **00** hrs **00** min **00** sec

Median round **$400M** Rounds led **1 of 108** Sole investor **29 rounds** Exits **26 from the portfolio** Mostly in **United States, 53%**

Pitch The Carlyle Group

## The Carlyle Group highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Venture and Series B: 62% of its rounds
- 03 Sole investor in 29 rounds, median $19M
- 04 26 exits from the portfolio

## What they do

> Filed 1 private fund offerings with the SEC, the most recent in 2024-10 From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Buyout Growth Seed Series A
- **Sectors:** Apps Financial Services Identity Management
- **Based in:** Washington, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **108 appearances**

- **2026** 2 rounds
- **Aug** **[Castelion](https://millionrounds.com/company/castelion)** Series C · US · Crunchbase News **$800M** *Led*
- **Aug** **[CAIS](https://millionrounds.com/company/cais)** Series D · US · Fintech Global **$170M** With 7 others
- **2025** 1 round
- **Feb** **[Bianalisi](https://millionrounds.com/company/bianalisi)** Debt · IT · Firms' own news pages **$489M** With 2 others
- **2019** 1 round
- **Mar** **[Delhivery](https://millionrounds.com/company/delhivery)** IN · Inc42 **$400M** With 2 others
- **2018** 2 rounds
- **Sept** **[Tuhu](https://millionrounds.com/company/tuhu)** Series E · CN · AVCJ **$450M** With 6 others
- **Aug** **[iLife Healthcare](https://millionrounds.com/company/ilife-healthcare)** US · FinSMEs **$350M** Sole investor
- **2017** 1 round
- **Mar** **[Delhivery](https://millionrounds.com/company/delhivery)** IN · FinSMEs **$100M** With 1 other
- **2015** 11 rounds
- **Nov** **[Abtran](https://millionrounds.com/company/abtran)** Venture · IE **Undisclosed** Sole investor
- **Sept** **[Coalfire](https://millionrounds.com/company/coalfire)** US **Undisclosed** With 1 other
- **Sept** **[Metropolis Healthcare](https://millionrounds.com/company/metropolis-healthcare)** IN **Undisclosed** Sole investor
- **Sept** **[Prospa](https://millionrounds.com/company/prospa)** Series B · AU **$42M** With 3 others
- **Aug** **[Condor Travel](https://millionrounds.com/company/condor-travel)** PE **Undisclosed** Sole investor
- **Aug** **[DEE Piping Systems](https://millionrounds.com/company/dee-piping-systems)** IN **Undisclosed** Sole investor
- **Jun** **[JIC Leasing Co](https://millionrounds.com/company/jic-leasing-co)** **$115M** Sole investor
- **Jun** **[Shanghai ANE Logistics](https://millionrounds.com/company/shanghai-ane-logistics)** **$120M** Sole investor
- **Jun** **[Magna Energy](https://millionrounds.com/company/magna-energy)** **$500M** Sole investor
- **Apr** **[Rede D'Or Sao Luiz](https://millionrounds.com/company/rede-d-or-sao-luiz)** Growth · BR **$600M** Sole investor
- **Mar** **[Carroll Cuisine](https://millionrounds.com/company/carroll-cuisine)** IE **Undisclosed** Sole investor
- **2014** 5 rounds
- **Nov** **[Diamond Bank](https://millionrounds.com/company/diamond-bank)** Growth · NG **$147M** Sole investor
- **Sept** **[AcuFocus](https://millionrounds.com/company/acufocus)** Venture · US **$21M** With 5 others
- **Aug** **[Ganji](https://millionrounds.com/company/ganji)** Series E · CN **$200M** With 1 other
- **Jan** **[J&J Africa](https://millionrounds.com/company/j-and-j-africa)** MZ **Undisclosed** Sole investor
- **Jan** **[AqueSys](https://millionrounds.com/company/aquesys)** Series D · US **$44M** With 4 others
- **2013** 3 rounds
- **Sept** **[Beats Electronics](https://millionrounds.com/company/beats-electronics)** Growth · US **$500M** Sole investor
- **Jul** **[Plateno Hotel Group](https://millionrounds.com/company/plateno-hotel-group)** Venture · CN **Undisclosed** With 2 others
- **May** **[Al-Nabil Food Industries](https://millionrounds.com/company/al-nabil-food-industries)** pehub.com **Undisclosed** Sole investor
- **2012** 2 rounds
- **May** **[Vubiquity](https://millionrounds.com/company/vubiquity)** Growth · US · fiercetelecom.com **$100M** Sole investor
- **May** **[NeoVista](https://millionrounds.com/company/neovista)** Venture · US **$6.0M** With 4 others
- **2011** 6 rounds
- **Nov** **[AcuFocus](https://millionrounds.com/company/acufocus)** Series F · US · finsmes.com **$65M** With 6 others
- **Sept** **[Authentix](https://millionrounds.com/company/authentix)** Series C · US · finsmes.com **$15M** Sole investor
- **Aug** **[Value and Budget Housing Corporation](https://millionrounds.com/company/value-and-budget-housing-corporation)** Growth · IN · finsmes.com **$26M** Sole investor
- **Apr** **[PixelOptics](https://millionrounds.com/company/pixeloptics)** Series D · US · pixeloptics.com **$45M** With 3 others
- **Feb** **[NeoVista](https://millionrounds.com/company/neovista)** Series E · US · fis.dowjones.com **$33M** With 5 others
- **Feb** **[ELENZA](https://millionrounds.com/company/elenza)** Series B · US · elenza.com **$24M** With 2 others
- **2010** 2 rounds
- **Nov** **[Ctrip](https://millionrounds.com/company/ctrip)** Series B · CN **Undisclosed** With 2 others
- **Jun** **[AqueSys](https://millionrounds.com/company/aquesys)** Series C · US · onbiovc.com **$35M** With 4 others
- **2009** 6 rounds
- **Oct** **[Canesta](https://millionrounds.com/company/canesta)** Venture · US · canesta.com **$16M** With 2 others
- **Oct** **[Supercircuits](https://millionrounds.com/company/supercircuits)** Venture · US · carlyle.com **$10M** Sole investor
- **Sept** **[TradeBeam](https://millionrounds.com/company/tradebeam)** Venture · US · deals.venturebeat.com **$7.0M** With 5 others
- **Sept** **[Actelis Networks](https://millionrounds.com/company/actelis-networks)** Venture · US · archive.globes.co.il **$10M** With 9 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **24 named**

AJ **Adam J. Palmer** Authorized Person i Filing they signed

AW **Adam W. Glucksman** Authorized Person i Filing they signed

AN **Aditya Narain** Principal of the General Partner. i Filing they signed

AR **Akhil R. Bansal** Managing Director of the general partner of the General Partner. i Filing they signed

AS **Alan Strauss** Director of Investor Relations of the Manager i Filing they signed

AR **Alex R. Popov** Managing Director of the general partner of the General Partner. i Filing they signed

AP **Alexander Popov** Authorized Person of the General Partner of the General Partner. i Filing they signed

AR **Alexander Rasnavad** Executive Officer, Promoter i Filing they signed

AM **Allan M. Holt** Authorized Person i Filing they signed

AY **Anat Yasmeen Holtzman** Authorized Person of the General Partner of the Ontario GP and Manager of the Lux GP i Filing they signed

AB **Andrea B. Pekala** Authorized Person i Filing they signed

AB **Andrew B. Marino** Executive Officer of the General Partner of the GP i Filing they signed

AC **Andrew Cunningham** Authorized Person of the General Partner of the General Partner. i Filing they signed

AG **Andrew G. Chung** Authorized Person i Filing they signed

AG **Andrew Galloway** Manager of the Issuer's Managing Member i Filing they signed

AJ **Andrew Johnson** Manager of the Issuer's Managing Member i Filing they signed

AW **Anthony W. Beovich** of the General Partner i Filing they signed

AC **Aren C. LeeKong** Chief Executive Officer, President and Interested Trustee i Filing they signed

AD **Ashish Dodia** Manager of the Issuer's Managing Member i Filing they signed

BA **Barbara A. D'Aniello** Executive Officer, Director i Filing they signed

BR **Barbara R. Imbs** Authorized Person of the Luxembourg General Partner i Filing they signed

BE **Barbara E. Kocsis** Executive Officer i Filing they signed

BE **Barbara E. Koscis** Executive Officer i Filing they signed

BG **Barbara G. Murphy** Authorized Person i Filing they signed

We also hold **440** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$460B** assets it manages, 6 advisers combined Oct 2026

**8+** funds on file numbered funds in its name

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Carlyle Investment Management L.L.C.
- **SEC number:** CRD 162303

Funds on its Form ADV

**473** private funds, **$238B** in gross assets · filed Jul 2024

Private equity **291** Securitised assets **81** Real estate **26**

- Carlyle Partners VII *Private equity* 837 investors $23B
- Carlyle Partners VIII *Private equity* 824 investors $8.5B
- Carlyle Europe Partners V *Private equity* 571 investors $7.8B
- Carlyle ASIA Partners V *Private equity* 373 investors $6.4B
- Carlyle Property Investors, L.P. *Real estate* 194 investors $6.1B
- Carlyle Credit Opportunities Fund II *Private equity* 194 investors $5.6B
- Carlyle Partners VI *Private equity* 680 investors $5.4B
- Carlyle Realty Partners IX *Real estate* 345 investors $4.4B
- Carlyle Realty Partners VIII *Real estate* 354 investors $4.3B
- Alpinvest Secondaries Fund (Offshore) VII, L.P. *Private equity* 97 investors $3.4B

And 463 more on the filing.

Who backs their funds

## 4 LPs on record in The Carlyle Group's funds

- **Committed:** $11B
- **Funds:** 21
- **Vintages:** 2003 to 2022

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Jun 2026.

- [**California Public Employees' Retirement System (CalPERS)** 13 funds *$4.7B*](https://millionrounds.com/fund/california-public-employees) Fund Vintage Committed Carlyle Partners VIII 2022 $177M Greenleaf Co-Invest Partners 2021 $1.4B AlpInvest Secondaries Fund VII 2021 $374M Top Castle Sidecar VII 2020 $500M Carlyle Europe Partners V, S.C.Sp. 2019 $166M Carlyle Partners VII 2018 $300M Carlyle Asia Partners V 2018 $125M Carlyle Strategic Partners IV 2016 $150M and 5 more
- [**California State Teachers Retirement System** 12 funds *$4.6B*](https://millionrounds.com/fund/california-state-teachers-retirement-system) Fund Vintage Committed AlpInvest C Fund II 2021 $1.0B AlpInvest Co-Investment Fund VIII 2021 $250M Carlyle Europe Partners V, S.C.Sp. 2019 $176M AlpInvest C Fund 2018 $725M Carlyle Partners VII 2018 $500M Carlyle Asia Partners V 2018 $250M AlpInvest Co-Investment Fund VII 2017 $150M Carlyle Europe Partners IV 2015 $176M and 4 more
- [**Washington State Investment Board** 2 funds *$900M*](https://millionrounds.com/fund/washington-state-investment-board) Fund Vintage Committed Carlyle Partners VIII 2022 $300M Carlyle Partners VII 2018 $600M
- [**Minnesota State Board of Investments** 5 funds *$850M*](https://millionrounds.com/fund/minnesota-state-board-of-investments) Fund Vintage Committed Carlyle Realty Partners IX 2021 $300M Carlyle Partners VIII 2021 $150M Carlyle Realty Partners VIII 2017 $150M Carlyle Partners VII 2017 $150M Carlyle Strategic Partners IV 2016 $100M

## Exits from the portfolio

Companies it backed that were later bought or listed **26 in all**

**[Coalfire](https://millionrounds.com/company/coalfire)** Bought by [The Carlyle Group](https://millionrounds.com/fund/the-carlyle-group) **Undisclosed** Sept 2015

**[AqueSys](https://millionrounds.com/company/aquesys)** Bought by [Allergan](https://millionrounds.com/fund/allergan) **$300M** Sept 2015

**[Ganji](https://millionrounds.com/company/ganji)** Bought by [58.com](https://millionrounds.com/fund/58-com) **$446M** Apr 2015

**[Appfluent Technology](https://millionrounds.com/company/appfluent-technology)** Bought by Attunity **$18M** Mar 2015

**[Cube Optics](https://millionrounds.com/company/cube-optics)** Bought by HUBER+SUHNER **Undisclosed** Oct 2014

**[Beats Electronics](https://millionrounds.com/company/beats-electronics)** Bought by [Apple](https://millionrounds.com/fund/apple) **$3.0B** May 2014

**[eScreen](https://millionrounds.com/company/escreen)** Bought by Alere **$270M** Mar 2012

**[HealthCentral](https://millionrounds.com/company/healthcentral)** Bought by Remedy Health Media **Undisclosed** Nov 2011

**[Schoolnet](https://millionrounds.com/company/schoolnet)** Bought by [Pearson Education](https://millionrounds.com/fund/pearson-education) **$230M** Apr 2011

**[Carefx](https://millionrounds.com/company/carefx)** Bought by Harris **Undisclosed** Feb 2011

**[Canesta](https://millionrounds.com/company/canesta)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Oct 2010

**[QinetiQ](https://millionrounds.com/company/qinetiq)** Bought by ManTech **$60M** Sept 2010

**[Starbak](https://millionrounds.com/company/starbak)** Bought by BurstPoint Networks **Undisclosed** Sept 2010

**[TradeBeam](https://millionrounds.com/company/tradebeam)** Bought by [CDC Software](https://millionrounds.com/fund/cdc-software) **Undisclosed** May 2010

**[eScreen](https://millionrounds.com/company/escreen)** Bought by Pembrooke **$27M** Jan 2010

**[Exaprotect](https://millionrounds.com/company/exaprotect)** Bought by LogLogic **Undisclosed** Apr 2009

**[Secure Element](https://millionrounds.com/company/secure-element)** Bought by [Fortinet](https://millionrounds.com/fund/fortinet) **Undisclosed** Sept 2008

**[Liquid Engines](https://millionrounds.com/company/liquid-engines)** Bought by [Thomson Reuters](https://millionrounds.com/fund/thomson-reuters-ventures) **Undisclosed** Aug 2008

**[LipoSonix](https://millionrounds.com/company/liposonix)** Bought by [Medicis Pharmaceutical](https://millionrounds.com/fund/medicis-pharmaceutical) **$300M** Jun 2008

**[LVL7 Systems](https://millionrounds.com/company/lvl7-systems)** Bought by [Broadcom](https://millionrounds.com/fund/broadcom-limited) **$62M** Nov 2006

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**PA Consulting Group** **Undisclosed** Sept 2015

**[Coalfire](https://millionrounds.com/company/coalfire)** **Undisclosed** Sept 2015

**Blyth** **$98M** Aug 2015

**Novetta Solutions** **Undisclosed** Aug 2015

**Hermes** **Undisclosed** Aug 2015

**Veritas Software** **$8.0B** Aug 2015

**Nationwide Accident Repair Services** **Undisclosed** Jun 2015

**[Primesport](https://millionrounds.com/company/primesport)** **Undisclosed** Feb 2015

**Malaga Peaking Plant** **Undisclosed** Jan 2015

**AxleTech International** **Undisclosed** Jan 2015

**NewGen KnowledgeWorks Private** **Undisclosed** Dec 2014

**Dealogic** **$700M** Nov 2014

New fund on file

**$109M**

raised in Oct 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Buyout Growth Seed

Median round joined **$400M** the round, not its cheque Alone, median **$19M**

Led 1 of 108 rounds **1%**

- **Sole investor:** 29 rounds
- **Last cheque:** Aug 2026
- **Exits:** 26 from the portfolio

Rounds by stage said on their site

- Venture *30*
- Series B *20*
- Series C *16*
- Series D *8*
- Growth said *7*
- Buyout said *-*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Accuitive Medical Ventures](https://millionrounds.com/fund/accuitive-medical-ventures) 12
- [SV Life Sciences](https://millionrounds.com/fund/sv-life-sciences) 10
- [Versant Ventures](https://millionrounds.com/fund/versant-ventures) 9
- [ATA Ventures](https://millionrounds.com/fund/ata-ventures) 5
- [Global Catalyst Partners](https://millionrounds.com/fund/global-catalyst-partners) 5
- [Delphi Ventures](https://millionrounds.com/fund/delphi-ventures) 4

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## Who they invest alongside

The investors most often in the same rounds as The Carlyle Group. A count of rooms they were both in, not a relationship either has claimed.

[**Accuitive Medical Ventures** VC firm **12** rounds together](https://millionrounds.com/fund/accuitive-medical-ventures)[**SV Life Sciences** VC firm **10** rounds together](https://millionrounds.com/fund/sv-life-sciences)[**Versant Ventures** VC firm **9** rounds together](https://millionrounds.com/fund/versant-ventures)[**ATA Ventures** Growth equity **5** rounds together](https://millionrounds.com/fund/ata-ventures)[**Global Catalyst Partners** VC firm **5** rounds together](https://millionrounds.com/fund/global-catalyst-partners)[**Delphi Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/delphi-ventures)[**DuPont Capital Management** Corporate VC **4** rounds together](https://millionrounds.com/fund/dupont-capital-management)[**Essex Woodlands Healthcare Partners** VC firm **4** rounds together](https://millionrounds.com/fund/essex-woodlands-health-ventures)[**Longitude Capital** VC firm **4** rounds together](https://millionrounds.com/fund/longitude-capital)[**New Enterprise Associates** VC firm **4** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Sprout Group** Growth equity **4** rounds together](https://millionrounds.com/fund/sprout-group)[**Venrock** VC firm **4** rounds together](https://millionrounds.com/fund/venrock)

## Recently backed

The latest companies The Carlyle Group put money into.

[**Castelion** $800M · Aug 2026](https://millionrounds.com/company/castelion)[**CAIS** $170M · Aug 2026](https://millionrounds.com/company/cais)[**Delhivery** $400M · Mar 2019](https://millionrounds.com/company/delhivery)[**Tuhu** $450M · Sept 2018](https://millionrounds.com/company/tuhu)

## Mentioned on podcasts

Episodes that name The Carlyle Group in their description, not their title.

- [The Deal](https://millionrounds.com/podcasts/the-deal) 13 Aug 2026 · 49 min Re-Run: Why Wall Street Giant David Rubenstein Bought the Baltimore Orioles With [David Rubenstein](https://millionrounds.com/person/david-rubenstein) Mentions [The Carlyle Group](https://millionrounds.com/fund/the-carlyle-group) Apple PodcastsShow page
- [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 13 Oct 2025 · 52 min E225: Inside the $324B Playbook: How Hightower Is Reshaping Wealth Management Mentions [RBC Capital Markets](https://millionrounds.com/fund/rbc-capital-markets)[The Carlyle Group](https://millionrounds.com/fund/the-carlyle-group)[Robert Picard](https://millionrounds.com/person/robert-picard) Apple PodcastsShow page
- [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 25 Jul 2025 · 53 min E191: Randal Quarles: From Fed Vice Chair to Private Equity Trailblazer Mentions [The Carlyle Group](https://millionrounds.com/fund/the-carlyle-group) Apple PodcastsShow page
- [Grit](https://millionrounds.com/podcasts/grit) 28 Apr 2025 · 1h 11m From White House to Wall Street: David Rubenstein With [David Rubenstein](https://millionrounds.com/person/david-rubenstein) Mentions [The Carlyle Group](https://millionrounds.com/fund/the-carlyle-group) Apple PodcastsShow page
- [The Deal](https://millionrounds.com/podcasts/the-deal) 10 Oct 2024 · 48 min Why Wall Street Giant David Rubenstein Bought the Baltimore Orioles With [David Rubenstein](https://millionrounds.com/person/david-rubenstein) Mentions [The Carlyle Group](https://millionrounds.com/fund/the-carlyle-group) Apple PodcastsShow page

## Quick answers about The Carlyle Group

### What does The Carlyle Group invest in?

The Carlyle Group invests most often at Venture and Series B (62% of the rounds on record), in sectors such as Apps, Financial Services and Identity Management.

### How active is The Carlyle Group?

108 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in Aug 2026.

### What has The Carlyle Group invested in recently?

Its most recent investments on record: Castelion (Series C, Aug 2026), CAIS (Series D, Aug 2026) and Bianalisi (Debt, Feb 2025).

### How big are The Carlyle Group's cheques?

The median round it joins is $400M.

### Does The Carlyle Group lead rounds?

Sometimes: it led 1 of its 108 investments on record (1%).

### Where does The Carlyle Group invest?

Most of the companies it backs are in the United States (53%), India (14%) and China (11%).

### Is The Carlyle Group investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does The Carlyle Group invest alongside?

Most often Accuitive Medical Ventures (12 rounds together), SV Life Sciences (10 rounds together) and Versant Ventures (9 rounds together).

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