Carlyle is launching a new middle-market aerospace, defense and industrials investment platform focused on opportunities across the US and Europe amid rising military and infrastructure spending.
Carlyle (Nasdaq: CG) is forming the new unit to target middle-market investments tied to aerospace, defense and industrials sectors as governments in the U.S. and Europe accelerate defense modernization efforts. The initiative will be led by Aaron Hurwitz, who oversees Carlyle’s defense investments, and Wes Bieligk, a partner on the firm’s industrials team, Bloomberg reported, and Ian Fujiyama, Carlyle’s global head of aerospace, defense and government services, will serve as chairman of the group. Retired General Bryan Fenton, former commander of U.S. Special Operations Command, is joining Carlyle as an operating executive to help source and evaluate investments while advising portfolio company management teams and industry stakeholders.
Talks on the new investment unit were first reported in late March.