He is a member of the Investment Committee. On Tuesday, Conway reminded analysts that Schwartz helped govern Goldman during the global financial crisis of 2008. This group collaborates with Carlyle's strategy-focused investment teams, network of advisors, and ecosystem of partners to increase the speed and scale of building better businesses . The Fund opportunistically allocates its assets across a wide range of credit strategies within The Carlyle Group's $146B Global Credit Platform, with . The company has also been recognized on several CRN lists and has been named one of the fastest-growing companies in America by Inc.5000 for nine consecutive years. Previously, Erica was Chief Financial Officer of Carlyle's Global Credit segment and before that she was responsible for the Fund Management Operations of Carlyle's . Carlyle's Global Investment Solutions business had $65.5 billion in AUM as of Dec. 31, roughly unchanged the end of the prior quarter but a 13% increase year-over-year. Orin Fink. Yasu received his MBA from the Wharton School, the University of Pennsylvania and Bachelor of Economics from the University of Tokyo. All Rights Reserved. Carlyle's Global Investment Solutions (GIS) segment helps investors meet their objectives through tailored portfolio construction and rigorous investment selection. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Marleen received an MSc, cum laude, in Financial Economics and a LLM in Financial Law from the Erasmus University Rotterdam. Carlyle CFO Curt Buser during the earnings call said he expects 2022 to be "a breakout year for global credit.". He joined AlpInvest Partners in 2012 from McKinsey & Company, where he was an Engagement Manager, working in both the corporate finance and the strategy consulting practice mainly focused on utilities and oil and gas (service) companies. Cavanagh lasted a little over a year before he left Carlyle in May 2015 to become CFO of Comcast. Lee, at the time, was a relative newcomer to Carlyle,joining the firm in 2013 as deputy chief investment officer for corporate private equity. The executives noncompete agreement with Carlyle ended Dec. 31, which means Lee is now free to fundraiseor enjoy retirement. Erica Herberg is a Partner and the Chief Financial Officer of Global Investment Solutions. On Tuesday, Carlyle reported distributable earnings of $433 million in the fourth quarter, less than half of the $902.8 million it posted for the same time period in 2021. About 44% of Carlyles $373 billion in assets under management came from global private equity in Q4 of 2022, down from 54% in the same quarter a year earlier. Sid received a BS in Finance and Information Services from the Stern School of Business at New York University and an MS in Accounting from the McIntire School of Commerce at the University of Virginia, and is a licensed CPA in the state of New York. Sorry, your browser doesn't support embedded videos, Our scale gives us an enormous information advantage that we use to our benefit every day to help drive our investment selection. The Carlyle Group Inc. is a global investment company. He currently serves as group chairperson and nonexecutive director of The Bank of London, a clearing and payments bank, and is on the board of fintech SoFi Technologies and One Mind, a nonprofit. Erica Herberg is a Managing Director and the Chief Financial Officer of AlpInvest Partners. One reason Carlyle has lagged the other public alt managers is its AUM, or assets under management. The Carlyle Group Inc. is a global investment company. The former Goldman executive focuses more on performance from his employees and does not take playing politics well, one of the people said. Carlyle Global Partners has acquired 5 organizations. Offers may be subject to change without notice. He joined AlpInvest Partners in 2012 from Wafra Partners, where he was a Vice President in the private equity group based in New York. William Conway, a Carlyle cofounder who has served as interim chief executive since August, said he was incredibly pleased that Schwartz, former president and cochief operating officer of Goldman Sachs, has taken the job. *Due to the existence of certain information barriers between certain business units, the flow of information may in certain cases be restricted. Cavanagh was named copresident with Glenn Youngkin, then a 19-year Carlyle veteran; the two execs were anointed the future of Carlyle. Enter search text or select an advanced option, and click Search. Through our local insights, we are able to make better investment decisions and better understand the communities in which we invest. New York, NY 10017-4036, Chicago Office Schwartz will remain in New York as Carlyles leader but will travel often to the firms headquarters in Washington, D.C., as well as other offices, the person familiar with the situation said. He represents AlpInvest Partners on numerous Advisory Boards, including The Audax Group, Court Square Capital Partners, Dubin Clark & Co., GSO Capital Partners, Kinderhook Industries, Lee Equity Partners, Manulife Private Equity Partners, the Stagwell Group and Sumeru Equity Partners. Prof 4. On Episode 3 of Private Market Talks, Carlyle's Justin Plouffe, managing director and deputy chief investment officer for Global Credit, talks about opportunities for credit investors in the current environment and what he's keeping his eyes on in the coming months.From what's powering growth in the market to how he assesses deals, Justin's unique perspective is a must-listen for . document.write((new Date()).getFullYear()); Rich joined AlpInvest in 2004 and has 15 years of related investment experience. One thing Schwartz will focus on is boosting Carlyles lagging stock price, Conway said. These assets, paired with strategic infrastructure services, provide mission-critical IT solutions to businesses across the United States. Previously, Wouter was a Vice President of corporate finance with JP Morgan and a Director of corporate finance for Lehman Brothers. Rob received an MSc in Business Economics from Erasmus University Rotterdam. Yasu is a Managing Director and devotes his time exclusively to marketing AlpInvest products in Japan. He received an MSc in Business Administration from the University of Groningen. Wouter Moerel is a Partner and Senior Advisor of AlpInvest Partners Secondary & Portfolio Finance Team. AlpInvest builds differentiated and tailored private equity portfolios across primary, secondary and co-investment strategies. Schwartz is demanding but fair, and will tell employees his views in a way that is clear and precise, Foster notes. Today, the team is comprised of investment professionals located in New York, San Francisco, Amsterdam, and Hong Kong. Carlyle's Global Private Equity business is one of the world's largest and most diversified private equity platforms, spanning industries, geographies and strategies to deliver transformational results for our partnersmanagement teams, portfolio companies, and fund investors. He added that he is very focused on driving "to new adjacents," expanding into new markets that are large and scalable. We see many logical opportunities to continue expanding Involta's footprint and infrastructure, and look forward to leveraging Carlyle's global resources and deep expertise to further accelerate our growth momentum.". Carlyle launched its search for a new CEO in August of 2022 after Kewsong Lee abruptly left. He joined Carlyle from McKinsey and Company, where he was an engagement manager. The former Goldman executive is a seasoned operator with a proven record of leading and developing a wide range of businesses and a demonstrated ability to invest in and develop the talent and organizational structure to manage and support these businesses, Conway said, according to a transcript of the call. He joined the firm in 2012 and co-leads the European transaction sourcing and execution effort. Carlyle's capital, resources, and expertise will help expand Involta's operations, which today are located primarily in the Midwest as well as the Pacific Northwest and Southwestern U.S., helping grow its capabilities for both new and existing customers. Ruulke joined AlpInvest from AXA Investment Managers Real Assets, where she was the Global Head of Real Assets Private Equity and a member of its Management Board. Our team is focused on identifying and creating growth opportunities within industries where we believe we have a competitive advantage and can make a real impact. Piet-Hein is a Managing Director in the Primary Fund Investments team where he is responsible for sourcing, evaluating, and executing fund opportunities in the EMEA region. Marleen is a Managing Director in the Primary Fund Investments team where she is responsible for sourcing, evaluating, and executing fund opportunities in Europe. Direct Line +33 6 99 60 92 92. Christophe has over 20 years of private equity experience that includes both European and US secondaries at Morgan Stanley and direct buyouts at Permira. This transaction supports Carlyle's growth in infrastructure investing, which includes investments in infrastructure companies supporting the digital economy. //-->