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Norris and D'Aneillo had worked together at Marriott Corporation; [10] Conway was a finance executive at MCI Communications. Rosenbaum left in the first year [11] and Norris departed in 1995. [8] [12] Rubenstein, Conway and D'Aneillo remain active in the business. Carlyle was founded with $5 million of financial backing from T. Rowe Price, Alex.
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As co-chief executive officers, Lee oversaw the firm's corporate private equity and global credit businesses and Youngkin oversaw Carlyle's real estate, energy, infrastructure businesses, and investment solutions businesses. [12] [13] Lee and Youngkin also joined the firm's board of directors when they became co-chief executive officers. [14]