Peter J Clare, the chief investment officer of corporate private equity and chairman of the Americas at Carlyle Group, is to retire on 30 April after 31 years at the firm. He is also is stepping down from his role as a member of the Carlyle Board of Directors, effective immediately.Â
Peter J Clare, the chief investment officer of corporate private equity and chairman of the Americas at Carlyle Group, is to retire on 30 April after 31 years at the firm. He is also is stepping down from his role as a member of the Carlyle Board of Directors, effective immediately.
Clare’s departure comes after he missed out on the top job at Carlyle following the abrupt departure of CEO Kewsong Lee in favour of outside appointment, former Goldman Sachs co-president Harvey Schwartz.
Sandra Horbach and Brian Bernasek, co-heads of Carlyle’s US Buyout and Growth platform, will assume the role of co-heads of the Americas to oversee the firm’s private equity business across the region, in addition to their current responsibilities, effective immediately. Globally, Corporate Private Equity will continue to operate by region with current heads across US, Europe, and Asia working in close coordination.
Having joined the firm in 1992, Clare has held a number of senior leadership roles across the corporate private equity business. From 1999 to 2001, he was based in Hong Kong and was a founding member of the Asia Buyout team. From 2004 to 2011, he served as the global head of the Aerospace & Government Services sector team. Subsequently, he served as the co-head of the US Buyout and Growth team from 2011 to 2020. In 2018, he became co-chief investment officer, and in 2021 he was named chief investment officer of corporate private equity and chairman of the Americas. He was elected to Carlyle’s Board of Directors in 2018.
