Basic Capital and Carlyle Collaborate to Bring Private Markets Investing to 401(k) Plans

Carlyle's private markets investment strategies will be available on Basic Capital's open-architecture platform through certain SEI products, expanding access to institutional-caliber investments for retirement savers

New York, NY, October 21, 2026 - Basic Capital, the technology-driven retirement platform, and global investment firm Carlyle (NASDAQ: CG) today announced a collaboration to bring Carlyle's private markets investment strategies, through certain SEI products, to 401(k) and other defined contribution plans. Carlyle and SEI's strategic partnership to expand access to private markets includes the creation of several collective investment trusts ("CITs"), trusteed by SEI Trust Company, that will have exposure to Carlyle private markets strategies and be available on Basic Capital's open-architecture platform.

The collaboration is designed to give plan sponsors and their advisors a new way to broaden the investment options available to retirement savers. The first solution made available on Basic Capital's platform will blend public equity and Carlyle's private equity strategies, and be designed to sit within a participant's existing large-cap equity allocation.

"Retirement savers have largely been limited to public markets, even as institutions have used private markets for decades to diversify and strengthen long-term returns," said Hunter Hopcroft, Head of Investor Education at Basic Capital. "Working with a firm like Carlyle is a step toward giving 401(k) participants access to the same caliber of investment opportunity, through a platform designed to make that access straightforward for plan sponsors."

For plan sponsors, that structure is designed to offer private markets exposure through what can function as a differentiated alternative to a large-cap core option already common in 401(k) lineups, without restructuring the plan's fund lineup or adding new benchmarks.

"We believe there is a meaningful opportunity to thoughtfully incorporate private markets into long-term retirement portfolios," said Bill Ryan, Head of Retirement Solutions at Carlyle. "Basic Capital's open-architecture platform provides an important avenue to bring these strategies into defined contribution plans, and we're pleased to be working together to broaden the investment opportunities available to retirement savers."

The 401(k) market has long given savers broad access to public stocks and bonds but comparatively little exposure to the private equity, credit, and real asset strategies many institutional and pension investors have used for decades to diversify their portfolios. Basic Capital and Carlyle are working to change that by bringing private markets strategies to defined contribution plans through Basic Capital's platform, extending investment approaches once reserved for institutions to a broader set of retirement savers.

About Basic Capital

Basic Capital is a technology-driven retirement platform built to help companies offer a modern, flexible 401(k) experience. Designed to modernize a system that hasn't meaningfully changed in decades, the platform pairs streamlined recordkeeping and administration with an open-architecture investment lineup to deliver a fully bundled solution that is simple for employers to run and easy for participants to navigate. Founded on the belief that every worker deserves access to high-quality, wealth-building investment options, Basic Capital partners with employers of all sizes to strengthen their benefits, support recruiting and retention, and improve financial outcomes across the workforce.

For more information, visit basiccapital.com.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $485 billion of assets under management as of June 30, 2026, Carlyle's purpose is to connect people, ideas, and capital to fuel growth for companies and performance for investors. Carlyle employs more than 2,500 people in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

About SEI Trust Company

SEI Trust Company (the "Trustee") serves as the Trustee of the Fund and maintains ultimate fiduciary authority over the management of, and the investments made, in the Fund. The Fund is part of a Collective Investment Trust (the "Trust") operated by the Trustee. The Trustee is a trust company organized under the laws of the Commonwealth of Pennsylvania and wholly owned subsidiary of SEI Investments Company (SEI). The Carlyle Private Markets Trust is managed by SEI Trust Company, the trustee.

The Trusts are not mutual funds, but instead are trusts for the collective investment of assets of participating tax qualified pension and profit sharing plans and related trusts, and governmental plans as more fully described in the Declaration of Trust. As bank collective trusts, the Trusts are exempt from registration as an investment company. Alternative investments are subject to a complete loss of capital and are only appropriate for parties who can bear that risk and the illiquid nature of such investments.

Contact:

Basic Capital - Hunter Hopcroft, 914-295-9195, [email protected]

Carlyle - Isabelle Jeffrey, 212-332-6394, [email protected]