The Carlyle Group said on Tuesday that it had hired Matthew J. O’Connor from General Electric as a new co-head of its power investments group.
It is the latest hire by Carlyle as it expands its energy practice, a sweeping effort that runs from private equity to lending and hedge funds.
Along with current co-head Bob Mancini, Mr. O’Connor will oversee a team built from Cogentrix, a firm that Carlyle acquired last year to both buy and develop power generation businesses. So far, the group is overseeing assets like coal and solar power facilities in Florida, Virginia and California.
At G.E., Mr. O’Connor worked in several roles during his 14 years there, most recently as executive vice president for financing operations at GE Capital‘s aviation services division.
“His experience in the power markets, as well as global lending and strategy across the energy markets, adds important leadership depth and experience to our capabilities as we expand Carlyle’s investment footprint in the power sector,†Mr. Mancini said in a statement.
