Carlyle appoints new CFO

The Carlyle Group has recruited a new chief financial officer: Peter Nachtwey.
Nachtwey’s appointment comes three months after the Washington, DC based-private equity firm announced the departure of John Harris, who had been managing director and CFO of the firm for the past 10 years.
Nachtwey was formerly a senior partner in the global valuation services group at Deloitte & Touche, a financial advisory firm.
Like Harris, Nachtwey will be responsible for the firm’s investor reporting, internal controls and financial management. He began his new role at Carlyle on July 16.
“He’s a private equity expert and he’s a good addition,” said Carlyle spokesperson Chris Ullman.
Harris had announced his intent to retire and pursue some personal goals in May. As CFO, he was said to have been instrumental in structuring Carlyle’s private equity funds and negotiating terms with limited partners. In addition, he coordinated the development of Carlyle’s global compensation programs.
Harris will continue his relationship with Carlyle, serving as a senior advisor to the firm.
“He will certainly be here indefinitely as senior advisor, and will be helping Pete get acclimated,” Ullman said.
At Deloitte & Touche, Nachtwey was lead partner on one of the firm’s largest private equity clients – The Blackstone Group, according to the Financial Times, before the firm raised $7.8 billion in an initial public listing and sold a stake to the Chinese government. He was the Northeast regional managing partner for the investment management industry in the US. In the late 1990s, he was a partner in the real estate and hospitality division of the firm.
Carlyle is not the only firm who has hired a financial expert from Deloitte & Touche – Kohlberg Kravis Roberts’ chief financial officer, William Janetschek, was a tax partner in its New York office before joining the buyout firm in 1997.
Carlyle, which has grown to managing over $56 billion in assets by more than 780 employees across the firm’s 19 offices, is reportedly pondering an initial public listing. Already, Fortress Investment Group and The Blackstone Group have gone public, while KKR has filed an initial registration statement with the same intention.