Carlyle Private Equity Partners Fund, L.P. filed a Current Report on Form 8-K on September 28, 2026, announcing an extension of an expense support agreement with its investment adviser. The Letter Agreement, executed on September 28, 2026, extends the Expense Support Period for an additional one year. This extension moves the termination date of the fee waiver from October 1, 2026, to October 1, 2027.
Under the terms of the Amended and Restated Investment Advisory Agreement, the Investment Advisor, Carlyle Investment Management L.L.C., has agreed to forgo a portion of its monthly management fees and/or absorb or reimburse certain expenses. This arrangement is designed to ensure that the Fund’s annual Specified Expenses do not exceed 0.60% of the Fund’s net assets (annualized) for any fiscal year. The Investment Advisor may recapture these foregone fees and expenses at any time, including in the same year they were incurred, provided that doing so does not cause the Specified Expenses to exceed the 0.60% cap. The agreement cannot be terminated prior to the end of the Expense Support Period without the consent of the Fund’s Board of Directors.
In other business reported in the filing, the Fund sold unregistered limited partnership units on September 1, 2026, for aggregate consideration of approximately $299.9 million. The sale included units from five different classes: Class E-A, Class E-I, Class S, Class I, and Class C. The purchase price for each unit was equal to the Fund’s Transactional Net Asset Value (NAV) per unit as of August 31, 2026.
As of August 31, 2026, the Fund’s total Transactional NAV was reported at $163.5 million. The Transactional NAV per unit varied by class, with Class C units valued at $32.55 and Class E-S units valued at $31.21. The units were sold pursuant to Section 4(a)(2) of the Securities Act of 1933 and Regulation D, with some investors utilizing a related entity, CPEP Feeder, L.P.
