Carlyle, which took control of London Southend Airport earlier this month and is also a lender to the Barclay family’s Very Group, is attempting to return to growth after struggling to raise funds.
The group raised around $15bn for its latest US buyout fund, less than half the $27bn target set by former boss Kewsong Lee.
Bosses are also hoping to rekindle the group’s share price, which has lagged behind listed rivals including Blackstone, Apollo and KKR. Carlyle has increased the amount of its own shares it can buy back from $400m to $1.4bn.
Since joining the firm, Mr Schwartz has overhauled executive pay to link compensation more closely to investor returns.
He has also begun cutting costs as part of a broader plan to find $40m of savings across the business in 2024.
Carlyle has reportedly begun cutting jobs in its US buyout investment team, including its fundraising unit.
In a statement ahead of Carlyle’s annual general meeting next month, Mr Schwartz said: “Growth remains our key priority, while also executing our strategy in a disciplined manner to continue optimising our operational and capital efficiency.
“We entered 2024 with significant momentum and strong operating leverage and we are well-positioned to deliver value for all our stakeholders.”