'Washington is the center of it all': Carlyle embraces its roots
The private-equity firm is courting defense deals and nurturing relationships with policymakers and global officials under CEO Harvey Schwartz.
Carlyle Group, the renowned private equity firm, has returned to its roots in Washington, D.C., after decades of expansion. In a strategic move, the company secured a 50-year lease on federal lands in Fort Bliss, Texas, to develop a data center. This decision reflects a shift under CEO Harvey Schwartz, who has redirected Carlyle's focus back towards the nation's capital.
Schwartz, who took over as CEO in 2023, has moved important events back to D.C. from New York, including investor and board meetings. He has also invited policymakers, global officials, and industry leaders to engage with Carlyle's executives and investors. Notable attendees include Energy Secretary Chris Wright, Senator David McCormick, and World Bank President Ajay Banga.
This pivot towards Washington is not a response to recent political events, but rather a return to Carlyle's historical strengths. The firm was founded in D.C. in 1987 and has long been known for its defense industry expertise. Under Schwartz, Carlyle has capitalized on the current surge in private equity activity, driven by changes in Pentagon spending, increased demand for supply chain security, and the potential for profits from trade wars.
Schwartz believes that Washington remains the center of opportunity for Carlyle, and the firm is eager to capitalize on this advantage.
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