SLIDESHOW: A Look At Carlyle’s Next Generation

Peter Clare says leading an industry group at The Carlyle Group is “The best job in the world.”

But the gig ended in March, after Carlyle promoted the 46-year-old head of Carlyle’s aerospace and defense group to co-head of the U.S. Buyout group. Suddenly Clare was overseeing more than 60 investment professionals charged with deploying Carlyle’s $13.7 billion fifth buyout fund across six sectors: aerospace and defense, industrial, health care, consumer and retail, technology and business services, and telecommunications and media.

Since then, the magna cum laude grad of Georgetown University with an MBA from the University of Pennsylvania’s Wharton School has embarked on yet another education, seeking a better understanding of the sectors in which Carlyle invests and of how macro-economic trends affect the buyout market in general, according to a profile of Clare in the current issue of sister magazine Buyouts.

“I speak a lot more these days with our partners in Europe and Asia than I did previously, when I had a more narrow industry focus,” Clare said. “Now I want to find out, ‘What does our real estate team think about the state of world? What does our debt team think about state of the world?’”

Already, Clare’s outlook on the economy has evolved. Earlier in the year, Clare seemed sure the United States was on pace for a strong recovery, citing low interest rates, government stimuli, growth in emerging markets, and record corporate profits thanks in part to Great Recession-inspired cost reductions.

“Clearly our view is not as optimistic as it was six months ago,” said Clare, who expects 0 percent to 2 percent gross domestic product growth over the next few years. “But personally, I still am more optimistic about the U.S. economy than what I think the consensus is now.”

As co-head of U.S. buyouts, Clare is among what is widely seen as Carlyle’s next generation of leaders who will be taking on more responsibility in the years to come, as firm founders Bill Conway, David Rubenstein and Daniel D’Aniello, who are all in their early to mid-60s, approach retirement (not that that’s happening anytime soon. “I’m not going anywhere,” Conway told Buyouts). Here are a few of the other up-and-comers, all of whom are managing directors, in alphabetical order.

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