Lee Brings 20+ Years of Investment Experience to Newly-Created Role
WASHINGTON--(BUSINESS WIRE)--
Global alternative asset manager The Carlyle Group (NASDAQ:CG) announced
today that Kewsong Lee will join the firm as Deputy Chief Investment
Officer for Corporate Private Equity. Mr. Lee comes to this
newly-created position at Carlyle from Warburg Pincus where he was
Managing Director and Member of the Executive Management Group. Mr. Lee
begins his duties in late December and will be based in New York and
Washington, DC.
Carlyle Co-Chief Executive Officer and Chief Investment Officer William
E. Conway, Jr. said, "Carlyle's greatest strength is the depth,
continuity and collegiality of our global investment professionals. Kew
will be a great addition to this team and will play a critical role in
helping us ensure the platform we have created continues to make superb
investments and create value for our investors."
Mr. Lee said, "It is an honor to have the chance to join one of the
industry's most successful buyout platforms and to work with Bill and
his team. This is an exciting time in Carlyle's history and I am eager
to learn and contribute. After 21 wonderful years at Warburg Pincus, I
wish my colleagues all the best."
As Deputy CIO, Mr. Lee will assist Mr. Conway in a range of activities
related to investing and managing Carlyle's Corporate Private Equity
platform, which consists of 11 buyout and growth capital funds totaling
$58 billion in assets under management. In addition to becoming a member
of each fund's investment committee, Mr. Lee will join the firm's
Management and Operating Committees, and also help with corporate
development for the firm.
Mr. Lee joined Warburg Pincus in 1992, and was a Member of the Executive
Management Group. Most recently, he led the firm's Consumer, Industrial
and Services group, and in the past, played an instrumental role in
developing Warburg Pincus's leveraged buyout and special situations
efforts. He also led the firm's financial services practice and helped
drive the firm's capital markets activities. Prior to Warburg Pincus he
was a consultant at McKinsey & Company, Inc.
During his Warburg Pincus tenure, Mr. Lee led numerous transactions,
including The Neiman Marcus Group, Aramark, Transdigm, Polypore and Arch
Capital Group.
In addition to serving on a variety of corporate boards, he is involved
with several committees at Harvard University, and is a Trustee of
Choate Rosemary Hall and a member of the Executive Committee of Lincoln
Center Theater.
Mr. Lee, 48, earned his MBA from Harvard Business School and his AB in
Applied Mathematics in Economics from Harvard College.
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 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
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary
The Carlyle Group
Elizabeth Gill, +1-202-729-5385
elizabeth.gill@carlyle.com
Source: The Carlyle Group
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