Carlyle Names Warburg Pincus' Lee P.E. Second-In-Command

Nov 5 2013 | 8:08am ET

The Carlyle Group has named a Warburg Pincus executive its new deputy chief investment officer.

Kewsong Lee will focus on corporate private equity investments, assisting Carlyle co-CEO William Conway in managing the firm's buyout and growth funds. Those vehicles have $58 billion in assets under management.

Lee's position at Carlyle is new, the firm said. He will serve on both the firm's management and operating committees, and immediately becomes a potential successor to Conway, who is also Carlyle's chief investment officer.

"Kew will be a great addition to this team and will play a critical role in helping us ensure the platform we have created continues to make superb investments and create value for our investors," Conway said.

At Warburg, Lee was a managing director and a member of its executive management group. He worked at the firm for more than 20 years, overseeing such mega-deals as those form Neiman Marcus Group and Arch Capital Group.

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