Private Equity: Youngkin Departs from Carlyle After 25 Years

In September, co-CEO Glenn Youngkin will step down from private equity giant The Carlyle Group.  Kewsong Lee, Youngkin’s partner and co-CEO, will take the reins as sole Carlyle CEO.  

Co-founders of Carlyle, David Rubenstein and William Conway, appointed Youngkin and Lee as co-CEOs, which title Youngkin held since 2018 after being with the firm since 1995.  

Youngkin will now assist with the transition and outlook of the firm.  Consequently, he will stick around during the time between now and his retirement in September.  According to Youngkin, “It has been the professional journey of a lifetime and my honor to be part of building Carlyle into the global institution it is today, and to serve the last few years as co-CEO alongside an enormously talented partner like Kew.”

The Carlyle Group is a multinational private equity conglomerate that specializes in corporate private equity, private credit, and real assets.  The firm was founded in 1987 and is headquartered in Washington, DC.  Carlyle currently has over $200 billion in assets under management. 

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Private Equity: Vitruvian Partners Pulls In $4.7 Billion

Capital Raise Brings Firm Assets to Nearly $12 Billion.  Vitruvian Partners, a UK-based private equity fund, has closed its fourth buyout fund after raking in $4.7 billion.  Vitruvian Partners launched…
Liquid Alternatives Enable Access for Individuals to Alternative Investments

Liquid Alts Offer Endowment Style Investing to Individuals.  Liquid alternatives consist of a wide variety of investment options, strategies and portfolio options.  Alternative investment prevalence has been growing in recent…
Private Equity Powers Global Sustainability Initiative
August 5, 2020     Investments, Latest News, News, Private Equity

A “New Normal” and Driving Force From Private Equity.  The global private equity community is buzzing over news that several private equity powerhouses have come together in a bold move…
FinTech: Intuit-Credit Karma Deal Under DOJ Lens (ProPublica)
August 4, 2020     FinTech, News, Takeovers and Buyouts

According to ProPublica, a non-profit newsroom that investigates abuse of power, the US Justice Department will investigate Intuit Inc (NASDAQ: INTU)’s $7.1 billion acquisition of Credit Karma announced in February….