Karen H. Bechtel

New York, NY
Business Segment
Corporate Private Equity
Asset Class

Karen H. Bechtel is a Senior Advisor, focused on investments in the Healthcare sector.

Ms. Bechtel led the Carlyle U.S. Buyout Healthcare team from 2005 to 2016. Ms. Bechtel was actively involved with a number of Carlyle’s Healthcare investments, including HCR Manor Care, Inc., Healthscope Limited, Ortho Clinical Diagnostics, MultiPlan, Inc., Pharmaceutical Product Development, Inc and Qualicorp S.A.

Prior to joining Carlyle in 2005, Ms. Bechtel was at Morgan Stanley & Co. for 28 years. As Managing Director of Morgan Stanley’s Private Equity Group, Ms. Bechtel was a member of the investment committee responsible for approving all investments in the

$3.1 billion Morgan Stanley Capital Partners IV Fund and led all of the healthcare investments. Ms. Bechtel was also Co-Head of the Financial Sponsors Group; Head of the Corporate Restructuring Group; Founder and Head of Princes Gate Private Equity

Investors, a $650 million bridge equity fund; and Managing Director in the Mergers and Acquisitions Department.

Ms. Bechtel is currently a member of the Boards of Directors of Carlyle portfolio companies Ortho Clinical Diagnostics and HCR Manor Care, Inc.

Ms. Bechtel earned her M.B.A. from Harvard Graduate School of Business and her B.A. in mathematics from the University of Texas at Austin, where she was Phi Beta Kappa.