Karen H. Bechtel is a retired Managing Director and former head of Global Health Care at the Carlyle Group. Mrs. Bechtel serves as a member of the Board of Directors of Mass Mutual Insurance Company, The Perez Art Museum, and Ortho Clinical Diagnostics. Prior to joining Carlyle, Mrs. Bechtel was at Morgan Stanley & Co., Incorporated for 28 years. As Managing Director of Morgan Stanley’s Private Equity Group, Mrs. Bechtel led all of the healthcare investments. Mrs. Bechtel was also Co-head of the Financial Sponsors Group; head of the Corporate Restructuring Group; founder and head of Princes Gate Private Equity Investors and Managing Director in the Mergers and Acquisitions Department. Mrs. Bechtel earned her M.B.A. from Harvard Graduate School of Business and her B.A.in mathematics from the University of Texas at Austin where she was Phi Beta Kappa. She lives in Miami Beach, FL and Pine Plains, NY with her husband, William Osborne.