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UPDATE: Carlyle's CFO in charge of IPO prep joins Legg Mason

  • Christina Kautzky
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Peter Nachtwey, the Chief Financial Officer hired to assist with Carlyle’s pre-IPO work, has departed the firm in a move that will likely further delay the initial public offering. He leaves to join investment management firm Legg Mason as Chief Financial Officer, and will take a seat on the company's executive committee.

As first reported by the FT, Carlyle's debut on a public exchange has been a slower process than was anticipated due to the complex accounting structures.

Nachtwey was hand-picked in 2007 to join Carlyle from Deloitte and Touche, where he was the Northeast Regional Managing Partner for the investment management division. Most notably, he assisted in Blackstone's public float, which took place about a month before he joined Carlyle. In 2007 he replaced John Harris, who had been Carlyle CFO for 10 years, but clearly did not have the public markets experience.

Carlyle has stated publicly that "Pete decided to pursue a great new opportunity for him... We thank him for his service to Carlyle."

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