Do you want to develop your executive team? 
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with over 1,600 professionals operating in 31 offices around the world. They manage over $200B on behalf of over 1,925 investors from 90 countries.
Carlyle unleashed the accelerating power of alignment with their One Carlyle Culture.
At The Carlyle Group, alignment was built into the company by their three founders from Day One.
In fact, the One Carlyle Culture is a key component of how they deliver value to their customers. Glenn Youngkin, Carlyle’s Co-CEO explains it this way, “Our professionals work together across product lines, sectors, and time zones to harness the knowledge, resources, and wisdom in our global operation to help create value for our investors.”
“Carlyle has a culture of cooperation that is genetically embedded in the organization. If you look at our investment teams, we almost always have co-heads, not single heads. It is not a weird thing at Carlyle—in fact, it’s the opposite,” explained Kewsong Lee, Carlyle’s other Co-CEO.
Obviously, this idea also was used when Carlyle appointed Glenn Youngkin and Kewsong Lee as the firm’s Co-CEOs.
The private equity model has many virtues, but one foundational aspect is the alignment of interests.
Since the firm’s inception, Carlyle professionals, Operating Executives, Senior Advisors, and other professionals have committed more than $11 billion of their own money alongside their fund investors. When an investment succeeds, everyone benefits. When an investment fails, everyone loses.
“We constantly work to break down the natural silos that might exist across funds, across countries, and across sectors. In the end, we are only as good as our people,” explained Pete Clare, Carlyle’s Co-Chief Investment Officer. “And we are better when we work together in the spirit of One Carlyle.”
They also use recognition to reinforce their culture. Each year, the firm presents one employee in the world with the One Carlyle award, the highest honor that can be bestowed on an employee.
The Carlyle Group designed a culture of teamwork to deliver extraordinary value for its investors. Clearly, it has worked. The three founders are all billionaires.
Does your company have a One-Company culture?