Carlyle is pivoting away from bets on US consumer, media, and retail companies and will instead focus on other core sectors including financial services, healthcare, and technology, according to a report by Reuters.
The report cites an unnamed source with knowledge of the matter as confirming that as part of the change, four dealmakers focused on the consumer, media and retail sectors, including Partner David Basto, are to exit the firm. Carlyle will however, continue to invest in those sectors in other geographies including Europe and Asia.
Will McMullan and Jim Burr will now act as Co-Heads of Carlyle’s US private equity business with a focus on the financial services, while Anna Tye has been named as Co-Head for technology investments, alongside Patrick McCarter.
