Carlyle and AssetMark Announce Strategic Partnership to Expand Access to Private Markets for Advisors

New York and Concord, CA – November 18, 2025 – Global investment firm Carlyle (NASDAQ: CG) and AssetMark, a leading wealth management platform for independent financial advisors, today announced a strategic partnership as part of AssetMark’s expansion into private markets alongside asset managers Apollo, KKR, and StepStone.

The collaboration combines Carlyle’s global private markets expertise with AssetMark’s integrated wealth platform to bring institutional-quality opportunities to a broader range of investors. Together, the firms aim to broaden advisor access to differentiated strategies that blend scale, innovation, and disciplined investment design.

As part of AssetMark’s new private markets program, the Carlyle Tactical Private Credit Fund (“CTAC”) will be the first Carlyle strategy available through the platform. The fund seeks to provide diversified exposure to private credit and represents an important step in making institutional-quality investments more accessible to the advisor community. A portion of AssetMark’s discretionary assets and dynamic unified managed accounts (“UMA”) will be allocated to private markets through this initiative, helping advisors provide clients a wider range of portfolio solutions.

“This collaboration highlights the growing role of private markets in the evolving global wealth landscape,” said Shane Clifford, Head of Global Wealth at Carlyle. “Advisors are seeking new ways to help clients build more resilient portfolios, and thoughtful partnerships like this make institutional-quality solutions more accessible and actionable. We look forward to working with AssetMark as they continue to create new opportunities for advisors and investors alike.”

“By partnering with Carlyle, AssetMark is removing traditional barriers to private markets – making access practical, scalable, and seamlessly integrated into our unified platform,” said David McNatt, AssetMark EVP and Chief Wealth Solutions Officer. “This empowers advisors to deliver differentiated, strategic advice that preserves and grows client wealth.”

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and operates through three segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $474 billion of assets under management as of September 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,400 people in 27 offices across four continents. Further information is available at carlyle.com. Follow Carlyle on LinkedIn at The Carlyle Group and on X at @OneCarlyle.

About AssetMark

AssetMark, Inc. operates a wealth management platform with a mission to help financial advisors and their clients. AssetMark, together with its affiliates AssetMark Trust Company, Voyant, and Adhesion Wealth Advisor Solutions, serves advisors at every stage of their journey with flexible, purpose-built solutions, powered by its innovative technology platform. The company equips advisors with planning tools, investment solutions, and operational capabilities to help deliver better investor outcomes by enhancing their productivity, profitability, and client satisfaction. Founded in 1996, AssetMark has over 1,100 employees and serves more than 10,500 financial advisors and 318,000 investor households. As of June 30, 2025, the firm had over $148 billion in platform assets. AssetMark is a registered investment adviser with the U.S. Securities and Exchange Commission. For more information, please visit www.assetmark.com. Follow us on LinkedIn.

Media Contacts

Carlyle

Isabelle Jeffrey
+1 212-332-6394
Isabelle.Jeffrey@carlyle.com  

AssetMark

Jen Deitsch 
jen.deitsch@assetmark.com