Carlyle is putting more muscle behind money overseen by family offices, naming two senior hires to newly formed posts. The appointments, laid out in an internal memo reviewed by Bloomberg, fit a broader effort to attract more capital from wealthy individuals and their family investment arms.
Carlyle named David Seeberan a partner and put him in charge of the family office group globally. Based in San Francisco, he comes to Carlyle via Cercano Management, which concentrates on ultra-wealthy individuals and family foundations. He will report to Jeff Nedelman and to Amal Alibair, who leads Carlyle's client business for North America.
In London, Victoria Matthews signed on as a managing director and will run the family office group in Europe and Asia. Before this move, she was in charge of BlackRock Inc.'s UK relationships with family offices and endowments.
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Carlyle has been building its wealth-focused bench too. In 2023, the firm brought on Shane Clifford to run global wealth, and earlier this year tapped Bill Ryan to oversee retirement solutions.
Carlyle, headquartered in Washington, says the slice of the family-office market it can target is around $5 trillion. Since its founding, the firm has gathered roughly $50 billion from individuals and wealthy families, according to Nedelman. Looking ahead, the firm is targeting more than $200 billion of new capital through 2028, with $90 billion planned for its credit business. At a shareholder event earlier this year, Carlyle also flagged retirement accounts and registered investment advisers, alongside family offices, as core channels for future fundraising.
The backdrop: many pensions and endowments have limited room to add new commitments, so alternative asset managers are leaning into advisers to the affluent and family offices serving the ultra-rich. For your money, that likely means more private-market options filtering into wealth-management conversations, with new structures and access points designed for individuals, not just big institutions.
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