The Carlyle Group said Thursday that Peter Clare, an MD, was named Deputy Chief Investment Officer for Corporate Private Equity. Clare joins Kewsong Lee in the investment role. Clare and Lee will report to William Conway, Carlyle’s chief investment officer. Clare is currently the Co-head of the U.S. Buyout group and will maintain those duties in addition to his new role, Carlyle said.
Washington, DC – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Carlyle Managing Director Peter J. Clare has joined Kewsong Lee as Deputy Chief Investment Officer for Corporate Private Equity. Messrs. Clare and Lee report to Carlyle Chief Investment Officer William E. Conway, Jr. Mr. Clare is currently the Co-head of the U.S. Buyout group and will maintain those duties in addition to his new role.
“Pete Clare is one of the best investors in private equity today. For 23 years at Carlyle he has distinguished himself through proven investment acumen, superb judgment and steady leadership,” said Mr. Conway said.
He added, “Since joining Carlyle, Kewsong has done a great job and I trust him on investments, fundraising and general management. Given the size and scope of our private equity business, Kew and Pete working together will make us even stronger and more effective.”
Mr. Clare said, “I am grateful for this opportunity to help lead our Corporate Private Equity team and drive the continued success of our global suite of private equity funds. The strength and depth of our team has been and will continue to be the key to our investment success.”
Mr. Clare joined Carlyle in 1992 and has served in a series of increasingly senior investment leadership roles. In 1999 he helped establish Carlyle’s presence in Asia as a founding member of the Asia team, and subsequently launched and led Carlyle’s distressed investment team. In 2004 he became Head of the Global Aerospace, Defense and Government Services industry team. And in 2011 he became Co-head of the U.S. Buyout group, alongside Carlyle Managing Director Allan Holt.
Prior to joining Carlyle, Mr. Clare worked for First City Capital Corporation, a private equity group that invested in LBOs, public equities, distressed bonds and restructurings. Prior to First City Capital, Mr. Clare worked the Merchant Banking Group of Prudential-Bache Capital Funding.
Mr. Clare, 49, is a magna cum laude graduate of Georgetown University and earned his M.B.A. from the University of Pennsylvania’s Wharton School. He is a member of the Boards of Directors of Booz Allen Hamilton, CommScope, Inc., Pharmaceutical Product Development (PPD), Sequa Corp. and Signode Industrial.
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $194 billion of assets under management across 128 funds and 142 fund of funds vehicles as of December 31, 2014. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,650 people in 40 offices across six continents.