GLENN YOUNGKIN & CARLYLE

The Carlyle Group[edit]

In August 1995,^[20] Youngkin joined the private-equity firm The Carlyle Group, based in Washington, D.C.,^[19] initially as a member of the US buyout team.^[16] In 1999, he was named a partner and managing director of Carlyle.^[21][22] He managed the firm's United Kingdom buyout team (2000–2005)^[16][23] and global industrial sector investment team (2005–2008), dividing his time between London and Washington.^[21][24]

In April 2008, Carlyle's founders asked Youngkin to step back from deal-making to focus on the firm's broader strategy.^[3][25] In 2009, the founders created a seven-person operating committee, chaired by Youngkin, which oversaw the non-deal, day-to-day operations of Carlyle.^[25][26] In 2009 Youngkin also joined, along with Daniel Akerson, the firm's executive committee, which had previously consisted solely of the three founders.^[26][27]

When Carlyle's chief financial officer Peter Nachtwey left suddenly in late 2010, Youngkin became interim CFO^[28] until Adena Friedman was hired as CFO late March 2011.^[29] In 2010, Youngkin joined the firm's management committee.^[30][25] Youngkin was chief operating officer of the Carlyle Group from March 2011 until June 2014.^[31]

Youngkin played a major role in taking Carlyle public, supervising the initial public offering.^{[25][32][33][28][34][35]}

In June 2014, he became co-president and co-chief operating officer with Michael J. Cavanagh, who joined the Carlyle Group from JPMorgan Chase.^[36][37] Together they helped develop and implement the firm's growth initiatives and managed the firm's operations on a day-to-day basis.^[38] Cavanagh left the firm in May 2015 to become CFO of Comcast, leaving Youngkin as president and COO of Carlyle.^[39]

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