Harvey Schwartz Spends First Year at Carlyle Tending Old Wounds

When Carlyle Group Inc.’s new chief executive officer, Harvey Schwartz, sets his agenda on Mondays, he confers with the firm’s founders.

To help court clients, he ropes in David Rubenstein, the globetrotting founder known for his salesmanship. When he discusses markets with partners, he invites Bill Conway, the founder who led investments.

Since taking over Carlyle a year ago after an acrimonious leadership shakeup, Schwartz has made clear that the first step to restoring the $426 billion alternative-asset manager to its former standing is to make peace with its past. That’s a contrast with his predecessor, who ...