Owens Corning reached an accord to buy for Masonite International Corp. for $3.9 billion in February. Carlyle purchased its stake in Tamko through its long-dated fund Carlyle Global Partners.

Carlyle is targeting 6% growth in fee-related earnings, which would be slower than the growth in 2023 Carlyle Group Inc.'s stock fell 5% on Tuesday after the private-equity firm signaled a ...