Carlyle Group CFO Leaves Company as It Plans IPO

Peter Nachtwey, CFO of Carlyle Group, is leaving the private equity company as it plans an IPO.

"Pete decided to pursue a great new opportunity for him, which we understand will be announced soon," Carlyle spokesman Christopher Ullman said, according to Bloomberg News. "We thank him for his service to Carlyle and wish him continued success."

Glenn Youngkin will take on the position of interim CFO.

Carlyle is planning an initial share sale to build permanent capital after seeing appetite for private equity drop among its traditional investors. The company aims to file IPO papers in late 2011.

Nachtwey joined Carlyle in 2007.

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