Non-Controlled/Non-Affiliated was Carlyle Secured Lending’s largest revenue line in fiscal 2025, bringing in $454.31M of $511.13M (89%).
| Investment, Issuer Affiliation | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Non-Controlled/Non-Affiliated | $324.32M | $404.26M | $379.25M | $454.31M | ||
| Controlled/Affiliated | $69.99M | $66.21M | $69.81M | $43.33M | ||
| Non-Controlled/Affiliated | $20.21M | $12.79M | $16.12M | $13.49M | ||
| Total | $414.51M | $483.25M | $465.18M | $511.13M |
Carlyle Secured Lending brought in $511.13M from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 9.9% from $465.18M in fiscal 2024. Non-Controlled/Non-Affiliated was the largest at $454.31M (88.9%), ahead of Controlled/Affiliated at $43.33M (8.5%) and Non-Controlled/Affiliated at $13.49M (2.6%).
Compared with fiscal 2024, Non-Controlled/Non-Affiliated grew fastest, up 19.8% to $454.31M, while Controlled/Affiliated fell the most, down 37.9% to $43.33M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $414.51M to $511.13M, a compound annual growth rate of 7.2%. Non-Controlled/Non-Affiliated's share of the total rose from 78.2% to 88.9%.
Carlyle Secured Lending (CGBD) reports its revenue by investment, issuer affiliation. In fiscal 2025, Non-Controlled/Non-Affiliated was its largest revenue line, bringing in $454.31M (88.9% of the total), followed by Controlled/Affiliated at $43.33M (8.5%).
Non-Controlled/Non-Affiliated was Carlyle Secured Lending's largest revenue line in fiscal 2025, bringing in $454.31M, or 88.9% of the $511.13M total across its three revenue lines.
Among Carlyle Secured Lending's revenue lines that make up at least 2% of revenue, Non-Controlled/Non-Affiliated grew fastest in fiscal 2025, up 19.8% from $379.25M to $454.31M.
Every figure comes from Carlyle Secured Lending's annual financial filings, as reported. Each line keeps the name Carlyle Secured Lending gives it, and years follow its fiscal calendar.
Carlyle Secured Lending's revenue by investment, issuer affiliation goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.