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Asset Management

Carlyle Group Executive Compensation (FY25)

CG · Washington, DC · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Harvey Schwartz
Latest say-on-pay support
=
June 3, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 23, 2026Latest filing (8-K): June 5, 2026
10 filings cited on this page
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214 figures on this page: 208 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Harvey Schwartz: $29,590,176 → $7,149,859 (75.8% lower)
Say-on-pay support: 70.3% → 81.8% (11.5 points higher)
CEO pay ratio: 110:1 → 29:1 (73.6% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Carlyle Group's chief executive and what were they paid?
Harvey Schwartz was paid $7,149,859 in total compensation as Chief Executive Officer and Director for fiscal 2025. Compared with the $29,590,176 reported for fiscal 2024, Schwartz's total was 75.8% lower.
What was Carlyle Group's say-on-pay result?
The say-on-pay proposal drew 81.8% of votes cast for or against in favor at the meeting held June 3, 2026 for fiscal 2025.
Which companies are in Carlyle Group's peer group?
The disclosed peer group includes Apollo Global Management, Inc., Ares Management Corporation, BlackRock Inc., Blackstone Inc. and Blue Owl Capital Inc., among others.
What is Carlyle Group's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 29:1, against median employee compensation of $250,000.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kewsong Lee
Former Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Peter Clare
Chief Investment Officer
◇◇————◇◇
Christopher Finn
Chief Operating Officer
◇◇◇———◇◇
Curtis Buser
Chief Financial Officer
◇◇◇———◇◇
Bruce Larson
Chief Human Resources Officer
◇◇◇———◇◇
William Conway
Interim Chief Executive Officer and Co-Founder
Served on an interim basis
◇——————◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Harvey Schwartz
Chief Executive Officer and Director
◇—◇—◇—◇◇
Bruce Larson
Former Chief Human Resources Officer
Departed during or after this year
◇◇◇———◇◇
Christopher Finn
Chief Operating Officer
◇◇◇———◇◇
Curtis Buser
Former Chief Financial Officer
Departed during or after this year
◇◇◇———◇◇
Jeffrey Ferguson
General Counsel
◇◇◇———◇◇
John Redett
Co-President and former Chief Financial Officer
◇◇————◇◇
William Conway
Former Interim Chief Executive Officer
Departed during or after this year
Served on an interim basis
◇——————◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Redett
Co-President and former Chief Financial Officer
◇◇◇———◇◇
Christopher Finn
Senior Advisor and Former Chief Operating Officer
Departed during or after this year
◇◇◇———◇◇
Harvey Schwartz
Chief Executive Officer and Director
◇—◇—◇—◇◇
Lindsay LoBue
Chief Operating Officer
◇◇◇————◇
Jeffrey Ferguson
General Counsel
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Redett
Co-President and former Chief Financial Officer
◇◇◇———◇◇
Lindsay LoBue
Chief Operating Officer
◇◇◇————◇
Harvey Schwartz
Chief Executive Officer and Director
◇———◇—◇◇
Jeffrey Ferguson
General Counsel
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christopher Finn—◇—————◇
Jeffrey W. FergusonRSU◇——◇——◇
Jeffrey W. FergusonRSU◇——◇——◇
John C. RedettPSU◇◇◇—◇—◇
John C. RedettRSU◇——◇——◇
John C. RedettRSU◇——◇——◇
Lindsay P. LoBuePSU◇◇◇—◇—◇
Lindsay P. LoBuePSU◇◇◇—◇—◇
Lindsay P. LoBueRSU◇——◇——◇
Lindsay P. LoBueRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
John RedettRSU◇◇——
RSU◇◇——
Lindsay LoBueRSU◇◇——
RSU◇◇——
Harvey SchwartzRSU◇◇——
RSU◇◇——
Jeffrey FergusonRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Harvey Schwartz
Chief Executive Officer and Director · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Non-compete period◇
Non-solicit period◇
Jeffrey Ferguson
General Counsel · Terms as described in the company’s compensation discussion · citing a 2025 filing
Non-compete period◇
Non-solicit period◇
John Redett
Co-President and former Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Non-compete period◇
Non-solicit period◇
Lindsay LoBue
Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark S. Ordan
Lead independent director
◇◇————◇
William J. Shaw
◇◇————◇
Lawton W. Fitt
◇◇————◇
Anthony Welters
◇◇————◇
Derica W. Rice
—◇————◇
Sharda Cherwoo
◇◇————◇
Linda H. Filler
◇◇————◇
Afsaneh Beschloss
◇◇————◇
Harvey M. Schwartz, Dr. Thomas S. Robertson, William E. Conway Jr, David M. Rubenstein and Daniel A. D'Aniello served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Apollo Global Management, Inc. APO
  • Ares Management Corporation ARES
  • BlackRock Inc. BLK
  • Blackstone Inc. BX
  • Blue Owl Capital Inc. OWL
  • Brookfield Asset Management Ltd. BAM
  • Jefferies Financial Group Inc. JEF
  • KKR & Co. Inc. KKR
  • Lazard Ltd. LAZ
  • Morgan Stanley MS
  • T. Rowe Price Group, Inc. TROW
  • The Goldman Sachs Group Inc. GS
  • TPG Inc. TPG

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 3, 2026=◇◇◇
2024May 29, 2025=◇◇◇
2023May 29, 2024=◇◇◇
2022May 30, 2023=◇◇◇
2021May 31, 2022=◇◇◇
2020June 1, 2021=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Harvey Schwartz (Chief Executive Officer and Director), FY2025 total compensation $7,149,859 (base salary $1,000,000) [exec_comp, SEC accession 0001527166-26-000017, filed 2026-04-23]

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What this page does not include

Everything above is a fact Carlyle Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Carlyle Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
214 figures on this page: 208 cited to the filing that reported them, 6 calculated from figures it prints.
208 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001527166-26-000033
  2. 0001527166-26-000017
    CEO Pay Ratio · Director Compensation · Director Compensation Table · Grants of Plan-Based Awards · and 2 more sections
  3. 0001527166-25-000085
  4. 0001527166-25-000032
    Compensation Discussion and Analysis · Named Executive Officer Compensation · Summary Compensation Table
  5. 0001527166-24-000054
  6. 0001527166-24-000044
    Named Executive Officer Compensation · Summary Compensation Table
  7. 0001527166-23-000068
  8. 0001527166-23-000049
    Summary Compensation Table
  9. 0001527166-22-000029
  10. 0001527166-21-000035
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Carlyle Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CG (accessed 2026).
Short form: data: Velarion

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10 filings cited on this page
Method: intel.velarion.ai/methodology
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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Peers Carlyle Group discloses

The companies named in CG's own disclosed peer group.

Apollo Global Management, Inc.Ares Management CorporationBlackRock Inc.Blackstone Inc.Blue Owl Capital Inc.Jefferies Financial Group Inc.KKR & Co. Inc.Lazard Ltd.Morgan StanleyT. Rowe Price Group, Inc.The Goldman Sachs Group Inc.TPG Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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