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Clare, who joined Carlyle in 1992, has held several senior leadership roles in the unit. In 2018, he became co-chief investment officer and was elected to the company’s board.
Carlyle also said on Monday Sandra Horbach and Brian Bernasek, currently co-heads of U.S. buyout and growth platform, will assume the role of co-heads of the Americas to oversee the firm’s private equity business effective immediately.
Under Horbach’s leadership of the U.S. buyout and growth business, the team has invested more than $35 billion in eight years, the firm said, while Bernasek has contributed on diversified investments across industries and geographies.
The appointments comes at a turbulent time for private equity firms as stubbornly high inflation, rising interest rates and geopolitical turmoil together crimped lucrative exits from investments.
Earlier this month, Carlyle reported a steep 52% slide in its fourth-quarter distributable earnings as the private equity firm cashed out on fewer investments as dealmaking slowed.
