Carlyle just appointed a new co-head of its US buyouts and growth team to help spearhead $43 billion for megadeals and early-stage plays

• The Carlyle Group is integrating its US buyouts and growth teams on June 1.
• It’s also appointing Brian Bernasek co-head of the group alongside Sandra Horbach.
• The integration focuses on sector-based investments and reflects what the firm did in Asia in 2017.
• See more stories on Insider’s business page.

The Carlyle Group is poised to integrate its US buyouts and growth teams, combining resources concentrated on large-scale investments with those that focus on smaller, yet higher-growth opportunities.

The private equity giant, with some $246 billion in assets under management, will formalize the integration of the two strategies on June 1, a spokesperson for Carlyle told Insider.

In addition, the firm named Brian Bernasek as its next co-head of US buyouts and growth, alongside current co-head Sandra Horbach. Bernasek, who is currently the head of the global industrial and transportation team, has been with the firm since 2000. The combined group will have some $43 billion in assets under management. 

Bernasek will take over the role from Peter Clare, Carlyle’s chief investment officer for corporate private-equity and a member of the firm’s board of directors.

Clare will remain in his CIO role, and take on a new title as chair of the integrated US buyouts and growth team as well.

Within the industrial and transportation sector, Martin Sumner, presently a managing director within the group, will succeed Bernasek as its next head.

Under the integration of buyouts and growth, Carlyle will look to drive capital deployments into both buyouts and growth investments across six sectors.

Those verticals include technology, media, and telecommunications; healthcare; industrial and transportation; consumer, media, and retail; financial services; and aerospace, defense, and government services.

The move mirrors Carlyle’s previous efforts in Asia, where it integrated buyouts and growth investing in 2017.

Under the vision of Kewsong Lee, the firm’s chief executive who took over as sole CEO in late fall 2020, the Carlyle Group is aiming to leverage its industry expertise with sector-driven investments that cover size and scale, as well as find opportunities with a high ceiling for growth.

In February 2021, Lee announced a four-year plan to “accelerate growth and deliver enhanced shareholder value,” the company said at the time. The integration of buyouts and growth investing is one step Carlyle is taking to achieve those goals.

Insider recently spoke with Clare, Bernasek, Horbach, and 10 other key players from Carlyle’s main industry verticals about the integration and what it means for investing amid a global pandemic.

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