Carlyle Family Office Business Expands Across Europe and Asia

The Carlyle family office business is expanding with two senior appointments as the US private equity manager targets ultra-high-net-worth families as an increasingly important source of investment capital.

David Seeberan has joined Carlyle as a partner and global head of the family office group, while Victoria Matthews has been appointed managing director and head of the business for Europe and Asia.

San Francisco-based Seeberan previously worked at Cercano Management. Matthews, who is based in London, previously served as head of UK family offices and endowments at BlackRock.

Carlyle estimates that the addressable global family office market represents approximately USD5tr in assets.

The private equity group has already raised around USD50bn from wealthy families and individuals, according to the report.

The appointments reflect the growing importance of private wealth capital to alternative asset managers seeking to diversify their investor bases beyond traditional institutional investors.