The Carlyle Group Inc. (CG) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.874 Good day and thank you for standing by. Welcome to the Carlyle Group second quarter 2025 00:00:03.874 -- 00:00:07.758 earnings call. At this time, all participants are in a listen-only mode. 00:00:07.758 -- 00:00:10.720 After the speaker's presentation, there will be a question and answer session. 00:00:10.720 -- 00:00:14.083 To ask a question during the session, you'll need to press star 1-1 on your telephone. 00:00:14.083 -- 00:00:16.966 You will then hear an automated message advising your hand is raised. 00:00:16.966 -- 00:00:19.768 To withdraw your question, please press star 1-1 again. 00:00:19.768 -- 00:00:22.250 Please be advised today's conference is being recorded. 00:00:22.250 -- 00:00:24.252 I would now like to hand the conference over to your speaker today. 00:00:24.252 -- 00:00:25.693 Daniel Harris, head of investor relations. 00:00:25.693 -- 00:00:28.073 Please go ahead. 00:00:28.375 -- 00:00:32.956 Thank you, Kevin. Good morning and welcome to Carlyle's second quarter 2025 earnings 00:00:32.956 -- 00:00:37.363 call. With me on the call this morning is our chief executive officer, Harvey Schwartz, 00:00:37.363 -- 00:00:41.370 and chief financial officer and head of corporate strategy, John Redet. 00:00:41.370 -- 00:00:44.936 Earlier this morning, we issued a press release and a detailed earnings presentation, 00:00:44.936 -- 00:00:47.660 which is available on our investor relations website. 00:00:47.660 -- 00:00:50.986 This call is being webcast and a replay will be available. 00:00:50.986 -- 00:00:54.503 We will refer to certain non-GAAP financial measures during today's call. 00:00:54.503 -- 00:00:58.869 These measures should not be considered in isolation from or as a substitute for measures 00:00:58.869 -- 00:01:...