Carlyle Changes Europe Buyout Leadership Amid Fundraising Push

Carlyle Group Inc. is switching up the top ranks of its European buyout team.

The alternative-asset manager told investors and staff that the group’s co-heads, Marco De Benedetti and Jonathan Zafrani, are ceding leadership roles. Michael Wand, who co-heads the European technology strategy, will assume more responsibilities managing the region’s buyout platform.

Wand was elevated in May to head of Europe private equity, a role overseeing both tech and buyout strategies in the region, and the new leadership changes bring the European buyout team even further under his purview.

Washington-based Carlyle communicated the decision to clients and staff ...