Carlyle launches small-cap investment group

The firm has named former partner at Pegasus Capital Rodney Cohen as head of its new US Equity Opportunity team, which will specialise in investments of up to $150m.

The Carlyle Group has hired private equity veteran Rodney Cohen to head up its new US Equity Opportunity team that will specialise in smaller private equity transactions.
Cohen joins Carlyle from mid-market firm Pegasus Capital Advisors, where he was a co-managing partner. He will be based in New York, reporting to Carlyle chief investment officer William Conway.

Cohen joined Pegasus in 1996, prior to which he consulted and managed a number of diverse business ventures. Cohen also practiced law with Anderson Kill Olick and Oshinsky.
The US Equity Opportunity team will make control, joint-control and structured minority investments of up to $150 million in smaller buyouts, corporate divestitures, corporate partnerships and platform build-ups.

The new equity opportunities group is separate from Carlyle's US growth capital team, which is headed by managing director Brooke Coburn. Coburn will take on additional responsibilities as deputy head of the new equity opportunity team.