Carlyle Group Hires O'Connor to Co-Head Power Team

Carlyle Group LP, the world’s second-largest manager of alternative assets such as private-equity, hired a GE Capital executive to co-head an energy team.

Matthew O’Connor, 43, joins as a managing director on the power-investing team, the Washington-based company said in a statement today. O’Connor and Bob Mancini will co-manage the team, which is investing with Cogentrix Energy power group.

“We see remarkable opportunity in the electric power generation space in North America,” from mergers and acquisitions and development, Mancini said in the statement. O’Connor will “help lead the execution of our strategy,” Mancini said.

O’Connor spent 14 years at GE Capital, the investment arm of General Electric Co., where he was most recently executive vice president, financing operations of GE Capital Aviation Services.

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