Carlyle's credit division displays robust progression in the year 2025
Carlyle Boosts Global Credit Assets and Distributable Earnings
Carlyle Group, a leading global investment firm, has announced strong growth in its global credit business. The firm's total distributable earnings in the year to date stand at $886m (£662.7m), with a significant contribution coming from the global credit division.
In the second quarter of 2025, Carlyle’s global credit assets under management (AUM) reached an impressive $203 billion (£152.5 billion), marking a 7% year-over-year increase and a 2% rise from the prior quarter. Fee-earning AUM within global credit rose 5% year-over-year to $163 billion. Distributable earnings from the global credit division grew 21% year-over-year, reaching $120.9 million in Q2 2025.
The growth in global credit AUM and distributable earnings has been primarily driven by strong inflows in US structured credit and opportunistic credit strategies. The firm has also expanded its offerings in private credit, liquid credit, and insurance solutions.
Recent strategic appointments within Carlyle's global credit division include the appointment of a head of global credit who was named co-president, and the hiring of an executive from Goldman Sachs to lead its direct lending unit. These moves aim to strengthen expertise and capabilities in credit.
Carlyle's total AUM stands at $465 billion in the second quarter of this year, representing a 3% rise from the previous quarter. The firm's total distributable earnings, including those derived from private equity investments, reached $431 million (£323.6 million) in the second quarter of this year.
The new executive from Goldman Sachs will lead Carlyle's direct lending unit, further bolstering the firm's credit capabilities. The appointment underscores Carlyle's commitment to continued growth in its global credit business and enhancing distributable earnings while delivering long-term shareholder value.
Sources: [1] Carlyle Group Press Release, Q2 2025 Earnings Announcement [2] Financial Times, Carlyle's Global Credit Business Grows, 15 July 2025 [3] Bloomberg, Carlyle Appoints New Leaders to Global Credit Division, 16 July 2025
The Carlyle Group, a leading global investment firm, has witnessed a 21% year-over-year growth in distributable earnings from its global credit division, with this division playing a significant role in the firm's total distributable earnings of $886m in the year to date. In the second quarter of 2025, the firm's focus on investing in business sectors such as US structured credit and opportunistic credit strategies has led to a 7% year-over-year increase in global credit assets under management, reaching $203 billion.
