The struggle by Carlyle Group to find a permanent CEO comes as rising interest rates spell tougher times for private equity, The Financial Times’ Antoine Gara, Kaye Wiggins, and Harriet Agnew report. Carlyle has been without a permanent CEO since the abrupt exit of Kewsong Lee in August, and co-founder William Conway has been interim CEO since Lee’s departure. According to people familiar with the matter, fears that co-founders Conway, David Rubenstein, and Daniel D’Aniello are unwilling to relinquish control are diminishing some of the appeal for external candidates for the role. Reference Link
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