Carlyle Group Inc. hired a top executive from BlackRock Inc. to work with major clients including pension funds and endowments.
Doug McNeely will join as a partner later this year, according to people familiar with the matter. At BlackRock, he headed a group that managed some of the most important customers and was a key link to pensions from Connecticut to California.
Lee and his top lieutenants hoped the group would help such customers think through more customized ways to invest across Carlyle, people familiar with the matter said. That white glove service could supplement sales teams focused on different business lines, the people said, and move Carlyle closer to its goal of raising about $130 billion through 2024.
Read more: BNN Bloomberg
