Carlyle pumps up US team

The Washington, DC-based firm has added three senior professionals to its 22-person venture capital and growth capital professional staff. Stephen Bailey will join the firm as a managing director, Charles Moore as a principal and David Lam as a vice president.

Bailey joins Carlyle from computer maker Dell, where he was the vice president for corporate development and Dell Ventures. Prior to that, he was a principal at Dell Ventures, focusing on venture investments and partnerships.

This is a significant expansion and strengthening of our North American growth capital team. Robert Grady, managing director, The Carlyle Group

Moore formerly worked at Washington- and New York-based merchant bank and private equity firm Perseus as a managing director. Before that, he practiced law at Washington law firm Williams & Connolly and was a law clerk for US Supreme Court Justice Stephen Breyer during the 1997 term.

Lam comes to the firm from Fremont, California-based network storage start-up Panasas, where he was the director of business development. He has also worked at CIENA, Cisco Systems and Robertson Stephens & Company.

“This is a significant expansion and strengthening of our North American growth capital team,” Robert Grady, managing director and head of the group, said in a statement.

The division manages two fund, the $254 million (€210 million) Carlyle Venture Partners and $602 million Carlyle Venture Partners II. Both focus on technology, business services and medical devices in early-stage, expansion-capital and smaller buyout deals.