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Carlyle Group Changes to Private Equity Business | Explained

Carlyle Group Inc. is making significant changes to its private equity business in the United States, shifting its focus away from consumer brands and towards core sectors like finance and technology.

A general view of the lobby outside the Carlyle Group offices in Washington, May 3, 2012. Photo: Shutterstock

As part of this restructuring, the company is dismantling its team for consumer, media, and retail investments, resulting in the departure of four dealmakers.

David Basto, a partner, is among those asked to leave.

The decision to reorganize comes as Carlyle acknowledges the challenges in the US consumer sector and seeks to position its platform and team for the future.

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