The Carlyle Group, Inc. (CG) Q1 2025 Earnings Call Transcript

The Carlyle Group, Inc. (NASDAQ:CG) Q1 2025 Earnings Conference Call May 8, 2025 8:30 AM ET

Company Participants

Daniel Harris – Partner & Head, Public Investor Relations
Harvey Schwartz – CEO & Director
John Redett – CFO & Head, Corporate Strategy

Conference Call Participants

Ben Budish – Barclays
Alex Blostein – Goldman Sachs
Patrick Davitt – Autonomous Research
Brian Bedell – Deutsche Bank
Brian McKenna – Citizens
Ken Worthington – JPMorgan
Mike Brown – Wells Fargo
Michael Cyprys – Morgan Stanley
Bill Katz – TD Cowen
Kyle Voigt – KBW

Operator

Good day, and thank you for standing by. Welcome to The Carlyle Group First Quarter 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Daniel Harris, Head of Investor Relations. Please go ahead.

Daniel Harris

Thank you, Daniel. Good morning, and welcome to Carlyle’s First Quarter 2025 Earnings Call. With me on the call this morning is our Chief Executive Officer, Harvey Schwartz; and our Chief Financial Officer and Head of Corporate Strategy, John Redett. Earlier this morning, we issued a press release and a detailed earnings presentation, which is available on our Investor Relations website. This call is being webcast, and a replay will be available.

We will refer to certain non-GAAP financial measures during today’s call. These measures should not be considered in isolation from or as a substitute for measures prepared in accordance with generally accepted accounting principles. We have provided reconciliation of these measures to GAAP in our earnings release to the extent reasonably available.

Any forward-looking statements made today do not guarantee future performance, and undue reliance should not be placed on them. These statements are based on current management expectations and involve inherent risks and uncertainties, including

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