Carlyle Taps Elder to Lead Unit Supporting Portfolio Companies

Carlyle Group Inc. hired an executive of a Dutch chemicals business it owns to oversee a unit that helps support the private equity firm’s more than 270 portfolio companies.

Richard Elder, who’s joining Carlyle’s global portfolio solutions group this month from Amsterdam-based Nouryon, will lead a team of about 35 people to assist those companies with digital strategy, technology and expense management, among other things, according to people familiar with the matter.

Carlyle is focused on expanding that in-house group, which could double in size within the next four years, said Pete Clare, chief investment officer for private ...