Private equity firm Carlyle has promoted deputy head Peter Clare, who was also responsible for its global aerospace and defence unit, as co-head of the US buyout group In his new role, Clare will work alongside the group’s other co-head, Allan Holt.
“I…
Private equity firm Carlyle has promoted deputy head Peter Clare, who was also responsible for its global aerospace and defence unit, as co-head of the US buyout group In his new role, Clare will work alongside the group’s other co-head, Allan Holt.
“I am pleased to have Pete join me as Co-head of the US buyout group,” said Holt.
“Pete has built one of the best investment track records at Carlyle and he has done it across different geographies and asset classes. He consistently builds strong teams and brings a focus and discipline to investing that has been the hallmark of Carlyle’s success.” Replacing Clare as head of Carlyle’s global aerospace and defence division is Adam Palmer, a rising star in the group.
Commenting on his successor, Claire said: “Adam’s knowledge and depth of experience in the aerospace and defence sector is exceptional and his results in creating value are outstanding.”