Contingent Consideration (Tables)

3 Months Ended

Mar. 31, 2013

Changes in Contingent Consideration Liabilities

The changes in the contingent consideration liabilities are as follows:

	Rollforward For The Three Months Ended March 31, 2013
	Amounts payable to the sellers who are senior Carlyle  professionals							Contingent cash  and other consideration payable to non- Carlyle personnel
	Performance-based contingent cash consideration			Performance-based contingent equity consideration		Employment-based contingent cash consideration					Total
	(Dollars in millions)
Balance, beginning of period	$	158.6		$	57.6	$	96.2	$	28.1		$	340.5
Change in carrying value		(11.7	)		8.1		10.7		1.8			8.9
Payments		(9.3	)		—		—		(0.7	)		(10.0	)
Balance, end of period	$	137.6		$	65.7	$	106.9	$	29.2		$	339.4

Maximum Amounts of Cash Obligations with Business Acquisitions and Our Strategic Investment

The following table represents the maximum amounts that could be paid from contingent cash obligations associated with the business acquisitions and the strategic investment in NGP Management and the amount payable if the Partnership elects to exercise its options related to NGP:

	As of March 31, 2013
	Hedge Fund Acquisitions		NGP Investment		Total		Liability Recognized on Financial Statements (1)
	(Dollars in millions)
Performance-based contingent cash consideration	$	363.3	$	183.0	$	546.3	$	166.8
Employment-based contingent cash consideration		300.7		45.0		345.7		106.9
Options to acquire additional investments in NGP (2)		—		97.2		97.2		—
Total maximum cash obligations	$	664.0	$	325.2	$	989.2	$	273.7

(1) – On the condensed consolidated balance sheet, the liability for performance-based contingent cash consideration is included in due to affiliates (for amounts owed to senior Carlyle professionals) and accounts payable, accrued expenses, and other liabilities (for amounts owed to other sellers), and the liability for employment-based contingent cash consideration is included in accrued compensation and benefits. Also, the amounts shown here exclude the $65.7 million liability that has been recognized on the condensed consolidated financial statements for performance-based contingent equity consideration.

(2) – Refer to Note 6 for more information.