Both positions are based in Washington, DC and are effective immediately, said the company.
Clare moves into this new position from his current role as deputy head of the US Buyout group and head of the Aerospace and Defense sector team.
Carlyle co-founder and chief investment officer William Conway said Allan and Pete have worked together for the past 18 years and have forged a successful partnership that has and will continue to serve our investors well in the future.
Palmer succeeds Clare as head of the Aerospace and Defense sector team.
Clare joined Carlyle in 1992 as a member of the US Buyout group until moving to Hong Kong as a founding member of the Asia Buyout group from 1999 to 2001.
In 2001, he launched Carlyle’s initial investments in distressed debt, which led to the creation of Carlyle Strategic Partners.
In 2004, Clare was promoted to global head of the Aerospace, Defense and Government Services sector team. And in 2010 he was named deputy head of the US Buyout group.
Palmer joined Carlyle in 1996 as a member of the Aerospace, Defense and Government Services sector team. He has played a leadership role in Carlyle’s successful investments in USIS, Avio, Vought Aircraft, Landmark Aviation, Wesco Aircraft, Sequa Corporation and RPK Capital.
