Carlyle CFO Nachtwey resigns

Chief financial officer of The Carlyle Group Peter Nachtwey is leaving the firm and will be replaced on a temporary basis by managing director Glenn Youngkin until a successor is chosen, according to the Financial Times.

Nachtwey was responsible for Carlyle's investor reporting, internal controls and financial management. He was appointed CFO in 2007, replacing John Harris, who held the position for 10 years before retiring. Nachtwey's future plans are unclear.

Prior to joining Carlyle, Nachtwey worked at financial services firm Deloitte & Touche, where he was the lead partner on work relating to one of the firm's largest private equity clients – The Blackstone Group – and was the Northeast regional managing partner for the investment management sector.

Nachtwey's departure comes as Carlyle reportedly mulls a public offering, a move the firm has been considering for years, Reuters reports. Carlyle last week revealed plans to take a majority stake in the $4.5 billion credit hedge fund Claren Road Asset Management, a move some analysts say could have been motivated by Carlyle's IPO plans, as having diversified revenue streams may matter most in the eyes of investors.

It would be the third IPO of a major private equity firm following The Blackstone Group, which went public in 2007, and  Kohlberg Kravis Roberts, which listed on the New York Stock Exchange in July.

 

 

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