Addition of GE Capital Executive Deepens Expertise in Carlyle's
Growing Energy Platform
NEW YORK--(BUSINESS WIRE)--
Global alternative asset manager The
Carlyle Group (NASDAQ: CG) today named Matthew J. O'Connor a
Managing Director on the power investing team. Mr. O'Connor joins Bob
Mancini as co-head of the team, which is investing a managed account in
conjunction with the Cogentrix Energy power group brought over from
Goldman Sachs last year. Matt joins the firm in September and will work
out of Carlyle's Washington, DC, and New York offices.
Mr. O'Connor comes to Carlyle from GE where he held a variety of
positions over the last fourteen years, including nearly seven years in
leadership roles with GE Energy Financial Services until May of this
year when he was named Executive Vice President, Financing Operations of
GE Capital Aviation Services.
Bob Mancini said, "We are excited to welcome Matt to the team. His
experience in the power markets, as well as global lending and strategy
across the energy markets adds important leadership depth and experience
to our capabilities as we expand Carlyle's investment footprint in the
power sector. We see remarkable opportunity in the electric power
generation space in North America from both an M&A and development
perspective and look forward to having Matt help lead the execution of
our strategy.
Matt O'Connor said, "I look forward to working with Bob and the team to
deepen Carlyle's investment activities in this burgeoning sector. The
swiftly changing North American power market requires deep understanding
to make informed investment decisions, and I am thrilled to be part of
this capable team."
In 2012, Carlyle funds acquired Cogentrix, a team of 68 professionals
headquartered in Charlotte, North Carolina, who buy, manage and operate
power generation assets, and also have a long history of successfully
designing, developing and constructing power generation assets. As part
of that transaction, Carlyle also purchased five coal and solar power
projects in Florida, Virginia, Colorado and California, as well as a
development pipeline of gas and renewable power projects.
The North American power team is part of Carlyle's growing energy
platform, which includes: international and U.S. exploration and
production, energy mezzanine lending and a commodities hedge fund.
Carlyle's power generation investment team is primarily focused on the
North American market and capitalizes on opportunities where it can
apply the deep engineering, operational and development experience and
skill sets resident in the Cogentrix platform to extract extra marginal
value.
Mr. O'Connor, 43, earned his BBA in finance and economics from the
University of Notre Dame and his MBA in finance from Columbia University.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager
with $180 billion of assets under management across 118 funds and 81
fund of funds vehicles as of June 30, 2013. Carlyle's purpose is to
invest wisely and create value on behalf of its investors, many of whom
are public pensions. Carlyle invests across four segments — Corporate
Private Equity, Real Assets, Global Market Strategies and Global
Solutions — in Africa, Asia, Australia, Europe, the Middle East, North
America and South America. Carlyle has expertise in various industries,
including: aerospace, defense & government services, consumer & retail,
energy, financial services, healthcare, industrial, technology &
business services, telecommunications & media and transportation. The
Carlyle Group employs more than 1,400 people in 34 offices across six
continents.
Web: www.carlyle.com
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www.twitter.com/onecarlyle
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www.carlyle.com/about-carlyle/market-commentary/481
The Carlyle Group
Elizabeth Gill, +1-202-729-5385
Elizabeth.gill@carlyle.com
Source: The Carlyle Group
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