WASHINGTON--(BUSINESS WIRE)--Global alternative asset manager The Carlyle Group (NASDAQ:CG) today announced that Barrett Karr will join the firm as a Principal in the Global External Affairs Group where she will lead the firm’s U.S. government affairs. In this position Ms. Karr will provide insights, analysis and strategy to the firm, its funds and portfolio companies. Ms. Karr comes to Carlyle from the U.S. House Committee on Education and the Workforce, where she serves as Majority Staff Director. She begins her duties in March and will be based in Washington, DC. Ms. Karr succeeds Bryan Corbett, who has taken a new position in Carlyle's Executive Group.
David Marchick, Managing Director and Global Head of External Affairs, said, “Barrett is a fantastic addition to the team. Her White House and Hill experience coupled with her track record of innovation and accomplishment will serve our investors well.”
Ms. Karr said, “I am very pleased to join Carlyle. For eighteen years, I have been incredibly privileged to work with the best people in government. This transition is an opportunity to continue that streak in the private sector at a firm with an absolutely sterling reputation. Carlyle is the ‘best of the best,’ and I’m honored to become a member of the team.”
David M. Rubenstein, Co-Founder and Co-Chief Executive Officer, said, “As the private industry grows and matures, thoughtful and timely dialogue with policymakers at all levels of government is increasingly important. We are fortunate to have someone of Barrett’s caliber join our firm.”
As Majority Staff Director of the U.S. House Committee on Education and the Workforce, Ms. Karr oversees a team of 50 people, designs the committee agenda and schedule, and coordinates legislative operations with House, Senate and Administration counterparts. Prior to becoming Staff Director in 2009, Ms. Karr was Deputy Assistant for Legislative Affairs to President George W. Bush. From 1995-2005, Ms. Karr served in the Office of Congresswoman Kay Granger, the latter four years as Chief of Staff.
Ms. Karr is a graduate of Texas Christian University and earned her MA in Legislative Affairs from George Washington University.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager
with $157 billion of assets under management across 101 funds and 64
fund of fund vehicles as of September 30, 2012. Carlyle's purpose is to
invest wisely and create value on behalf of our investors, many of whom
are public pensions. Carlyle invests across four segments – Corporate
Private Equity, Real Assets, Global Market Strategies and Fund of Funds
Solutions – in Africa, Asia, Australia, Europe, the Middle East, North
America and South America. Carlyle has expertise in various industries,
including: aerospace, defense & government services, consumer & retail,
energy, financial services, healthcare, industrial, technology &
business services, telecommunications & media and transportation. The
Carlyle Group employs 1,300 people in 32 offices across six continents.