William Allen has stepped down as managing director in the global financial services group of The Carlyle Group to join buyout shop Audax Group as managing director.
Allen spent 12 years at the Washington, D.C.-based Carlyle Group, where he invested in such sectors as wealth management, community banking, financial technology, insurance services and specialty finance. Among the firm’s portfolio companies he had a hand in backing were Barbon Insurance Group, Bank of Butterfield, BenefitMall, Central Pacific Financial, Conifer Financial Services and The TCW Group Inc.