Investment adviser · CRD 168456

CARLYLE AVIATION SECURITIES PARTNERS LLC

Investment adviser filing (IA)

MIAMI, FL, United States · Form ADV filed Mar 31, 2026

Regulatory AUM: $1.14B
Client accounts: 2
Employees: 4
Advisory professionals: 3

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Insurance companies	Fewer than 5	$1,095,472,241	96.4%
Pooled investment vehicles	1	$40,491,925	3.6%

Filing source

Form ADV 2083744 · Mar 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

5 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

AVIATION INCOME RETURN (AIR) OFFSHORE FUND LTD.Hedge Fund · Last reported Mar 31, 2026$40.5MGross asset value

Feeder funds

AVIATION INCOME RETURN (AIR) JAPANESE UNIT TRUST

Fund administrator SEI INVESTMENTS - GLOBAL FUND SERVICES LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD. GEORGE TOWN, Cayman Islands

Custodian MITSUBISHI UFJ TRUST AND BANKING CORPORATION, NEW YORK BRANCH NEW YORK, New York, United States Related to adviser: No

Marketer MORGAN STANLEY MUFG SECURITIES CO. LTD. TOKYO, Japan Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LTD.
PCAOB 1655

Fund details & source

Fund ID: 805-2494057832
Reported beneficial owners: 3
Minimum commitment: $5M

Form ADV 2083744 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AAG AVIATION MASTER FUND LPHedge Fund · Last reported Jul 27, 2018$113MGross asset value

Feeder funds

AAG AVIATION OFFSHORE FUND LTD.
AAG AVIATION FUND LP
AAG AVIATION INTERMEDIATE FUND LP

Fund administrator SEI INVESTMENTS - GLOBAL FUND SERVICES LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP TAMPA, Florida, United States

Custodian DEUTSCHE BANK SECURITIES INC. NEW YORK, New York, United States Related to adviser: No

Marketer HAAV INVEST & CONSULTING AB STOCKHOLM, Sweden Related to adviser: No

Prime broker DEUTSCHE BANK SECURITIES INC. NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source

Fund ID: 805-7660537662
Reported beneficial owners: 5
Minimum commitment: $5M
Form D file number: 021-214367

Form ADV 1231696 · Jul 27, 2018 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AAG AMADEUS OFFSHORE FUND LTD.Hedge Fund · Last reported Jan 10, 2020$85MGross asset value

Feeder funds

AAG AMADEUS JAPANESE UNIT TRUST

Fund administrator MUFG FUND SERVICES (CAYMAN) LIMITED GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian MITSUBISHI UFJ TRUST AND BANKING CORPORATION, NEW YORK BRANCH NEW YORK, New York, United States Related to adviser: No

Marketer MORGAN STANLEY MUFG SECURITIES CO. LTD. TOKYO, Japan Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 42

Fund details & source

Fund ID: 805-6373228994
Reported beneficial owners: 1
Minimum commitment: $5M

Form ADV 1367987 · Jan 10, 2020 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AVIATION INCOME RETURN EX UNIT TRUSTHedge Fund · Last reported May 10, 2022$54.7MGross asset value

Fund administrator MUFG FUND SERVICES (CAYMAN) LIMITED GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian MITSUBISHI UFJ TRUST AND BANKING CORPORATION, NEW YORK BRANCH NEW YORK, New York, United States Related to adviser: No

Marketer MORGAN STANLEY MUFG SECURITIES CO. LTD. TOKYO, Japan Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 42

Fund details & source

Fund ID: 805-1109329362
Reported beneficial owners: 1
Minimum commitment: $5M

Form ADV 1650761 · May 10, 2022 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AVIATION INCOME RETURN (AIR) MASTER FUND LPHedge Fund · Last reported Aug 9, 2016$15MGross asset value

Feeder funds

AVIATION INCOME RETURN (AIR) FUND LP
AVIATION INCOME RETURN (AIR) INTERMEDIATE FUND LP
AVIATION INCOME RETURN (AIR) JAPANESE UNIT TRUST
AVIATION INCOME RETURN (AIR) OFFSHORE FUND LTD.

Fund administrator SEI INVESTMENTS - GLOBAL FUND SERVICES LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS. LLP TAMPA, Florida, United States

Custodian DEUTSCHE BANK TRUST COMPANY AMERICAS SANTA ANA, California, United States Related to adviser: No

Marketer MORGAN STANLEY MUFG SECURITIES CO. LTD. TOKYO, Japan Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

Fund details & source

Fund ID: 805-4290995253
Reported beneficial owners: 2
Minimum commitment: $5M

Form ADV 1034019 · Aug 9, 2016 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 31, 2026. View historical filings

Reported services

Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

848 BRICKELL AVENUE, SUITE 405
MIAMI, FL, 33131-2946, United States

CRD 168456

Filing source

Form ADV 2083744 · Mar 31, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.