Peter Clare Named Head of Carlyle's Global Aerospace & Defense Team

Washington, DC – Global private equity firm The Carlyle Group today named Managing Director Peter J. Clare head of the global aerospace, defense and government services industry group. Mr. Clare succeeds Managing Director Allan Holt, who will focus more of his time on co-managing Carlyle’s U.S. buyout activities. Mr. Clare, a Carlyle investment professional for the past 12 years, assumes his new duties today and will continue to be based in Washington, DC.

Mr. Holt said, “Pete has a 12-year record of making outstanding investments. He has remarkable knowledge of the aerospace and defense sectors and has the leadership experience and investment skills that will keep the team focused and effective. Carlyle’s investors will be well served by Pete and his team.”

Mr. Clare said, “The aerospace & defense team has generated tremendous results and I welcome the opportunity to build upon that success.”

Since joining Carlyle in 1992, Mr. Clare has focused on buyout opportunities in the aerospace, defense, government services and technology sectors. He has played a leading role in several of Carlyle’s most successful investments including United Defense, Magnavox Electronics, Aviall Inc. and Federal Data. From March 1999 to January 2001, he was a founding member of Carlyle Asia and was based in Hong Kong.

Prior to joining Carlyle, Mr. Clare served at First City Capital Corporation, a private equity group that invested in LBOs, public equities, distressed bonds and restructurings. Prior to First City Capital, Mr. Clare worked at Interfunding/Merchant Banking Group and the Leveraged Buyout Department of Prudential-Bache Capital Funding..

Mr. Clare, 39, is a magna cum laude graduate of Georgetown University and earned his M.B.A. from the University of Pennsylvania’s Wharton School.

Mr. Clare serves on the Board of Directors of Aviall, Inc., Avio SpA, Standard Aero Holdings, Taiwan Broadband Communications, and United Defense Industries, Inc.

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