The Carlyle Group Inc. announced the appointment of Afsaneh M. Beschloss, a leader in sustainable and inclusive investing (and policy) and founder and CEO of RockCreek, one of the world?s largest women-owned investment firms, to serve as an independent director on its Board of Directors, effective May 1, 2024, increasing Carlyle?s Board to 14 members. Dr. Thomas S. Robertson has indicated to Carlyle that he intends to retire from the Board after 12 years of dedicated service and will not stand for reelection at the 2024 Annual Meeting of Shareholders, at which time the Board will decrease to 13 members. Ms. Beschloss?s distinguished career includes serving as the World Bank?s Treasurer and Chief Investment Officer, where she oversaw investments, balance sheet management, ratings, borrowings, and innovations in financial products and in technology. Ms. Beschloss?s tenure at the World Bank was marked by her leadership in investments and policy work in the renewable energy, power, and infrastructure sectors, notably pioneering investments in natural gas, wind and solar energy.

Ms. Beschloss formerly was a Managing Director and Partner at Carlyle from 2001 to 2003 and began her career in corporate finance at JP Morgan. In addition, Ms. Beschloss has advised various governments, central banks, and regulatory agencies on financial policy and energy policy. Ms. Beschloss currently serves on the boards of trustees of the Council on Foreign Relations, the Rockefeller Foundation, where she chairs the Investment Committee, the Bretton Woods Committee, where she co-chairs the Future of Finance Working Group, Georgetown University, and the PBS Foundation where she serves as chair.

She was recognized by Carnegie Corporation in their ?Great Immigrants, Great Americans 2020? list, received the Robert F. Kennedy Human Rights Ripple of Hope Award and the Institutional Investor Lifetime Achievement Award, and has been listed among the ?Most Powerful Women in Banking? by American Banker.

She is the co-author of The Economics of Natural Gas (Oxford University Press) and author of numerous journal articles on innovations in finance, energy economics, and renewable energy investing. Ms. Beschloss holds an MPhil (Honors) in Economics from the University of Oxford, where she taught international trade and economic development.