New hires at Carlyle’s European venture fund

Carlyle Group has increased its European investment team to 18 with the announcement of two senior appointments.

Global private equity firm Carlyle has made two senior appointments at its European venture team. Gene Greiner and Maurice Martin are to join the firm as director and senior associate respectively.

Greiner joins Carlyle's European venture capital fund, Carlyle Europe Venture Partners, as a director. Greiner is the former president of privately held software company of Asera Europe and will focus on investments in companies in the software and services sectors.

As president of Asera Europe, Greiner led the company through three rounds of financing, which netted a total of $165m, and saw the firm’s workforce increase from 50 to 350 staff. Prior to that he was CEO of Chicago Management Consulting.

Maurice Martin joins the venture operation as a senior associate focusing on infrastructure software investments. He joins from IONA Technologies, where he was product director for the Orbix E2A Application Server Platform. Previously, Martin worked for AME as a development manager and for Baydon Technologies as co-founder and vice president of engineering.

'Since our European venture fund launched in April 2000, we have developed a strong team of sector-focused investment professionals,” commented Wolfgang Hanrieder, managing director of Carlyle, on the two appointments. “This strategy means we have the depth of knowledge needed to uncover the most attractive investment opportunities in Europe and support our portfolio companies after investment.'

The firm’s E732m Europe Venture Fund has experienced a number of difficulties since it was raised in 2000. A number of executives have left the firm in the past two years and the firm has not ruled out the possibility of returning part of its cash to investors if the investment climate fails to improve.

The Carlyle Group is a global private equity firm with more than $13.5bn under management. Since 1987, the firm has invested $6.6bn and achieved a realized IRR of 37 per cent. The Carlyle Group has approximately 500 employees in 21 offices in eleven countries.