Carlyle names co-founder as interim CEO as Lee steps down
Carlyle Group’s chief executive officer Kewsong Lee has stepped down from this role and the board of directors, effective immediately

Carlyle launches decarbonisation-linked financing initiative
Carlyle Group says its credit division has launched a decarbonisation-linked financing programme, having closed the first two loans under this initiative

Carlyle's global credit business becomes largest share of firm's fee-earning AUM
Carlyle has held a first close on its second revolving credit fund, while saying its CLOs are ‘well positioned’ and it does not expect management fee deferrals anytime soon

Credit funds at a glance (May 2022)
A round up of fundraising and people moves in credit
   

Carlyle hits $4.6 billion hard cap on second global credit opps fund
With leverage, Carlyle Credit Opportunities Fund II has around $6 billion of capital to deploy

Ares expands into European real estate debt with Carlyle hire
Ares has expanded its presence in European real estate debt with the appointment of former Carlyle official as partner and head of the real estate debt team

Credit funds at a glance (September 2021)
A round up of fundraising and people moves in credit

Carlyle hires head of credit investor relations in New York
Carlyle Group has hired an ex-Pretium official to lead investor relations for its credit platform

Carlyle and Aflac officials lead new ACC committee with ESG template outlined as priority
The Alternative Credit Council has launched an ‘investor manager committee’, chaired by Carlyle Group’s Erica Frontiero and Elena Boeva from Aflac Global Investments, that has ESG in private credit as one of its first orders of business

Carlyle senior credit investor joins fintech firm as CFO
An experienced credit investment professional at the Carlyle Group has moved to become chief financial officer at fintech company NoviCap

AlbaCore adds distressed hire among raft of new arrivals
AlbaCore Capital Group has added four hires to its investment team in recent weeks, taking its total headcount to 46

Blackstone hires Carlyle co-head of illiquid credit as senior managing director
The New York-headquartered manager has hired a Carlyle official as a senior managing director in its opportunistic investing platform, Blackstone Tactical Opportunities. And Carlyle has subsequently promoted two officials on its team

Carlyle holds first close on opportunistic credit fund amid 2020 'record fundraising'
Carlyle Group has held an initial closing on its second opportunistic credit fund amid a record credit fundraising year for the firm

It's all relative: CLOs are lagging no more, as Carlyle deal drags market tighter
“CLOs are lagging” has been a much repeated refrain over the last nine months. But Carlyle Group has this week produced a US CLO that has dragged spreads to their tightest point in three years so that, rather than comparing CLOs to pre-covid levels, they should be assessed against early 2018

Carlyle BDC forms $250 million direct lending JV with Cliffwater
Carlyle’s business development company TCG BDC has formed a $250 million mid-market direct lending joint venture with Cliffwater

LP round up: EIF backs four debt funds while Carlyle wins $1 billion
Institutional investors have allocated just over $4 billion to 27 credit managers in October board meetings

Churchill appoints former Carlyle official to lead investor relations
Churchill Asset Management has appointed a former Carlyle Group official as a senior managing director and head of investor relations

Carlyle appoints European credit investor relations head
Carlyle Group has appointed an ex-Bain official as head of global credit investor relations in Europe

European direct lending fundraising dropped 77% YoY in Q2
European direct lending fundraising figures plunged in Q2 2020, as the effects of the covid-19 pandemic were felt across the globe

Asian PE firm launches structured credit unit with three ex-Carlyle officials
CDIB Capital, a Hong Kong-headquartered private equity firm, has launched a new structured credit group and poached a team of three former Carlyle Group officials to lead the charge

Californian pension allocates $325 million to aviation and corporate private credit
San Francisco County Employees’ Retirement System has allocated $325 million to private credit strategies, according to 11 March board minutes

Carlyle appoints regional head of credit opps fund
Carlyle Group has hired a managing director to serve as North American head of its credit opps fund

Morgan Stanley IM hires from Carlyle again as it makes direct lending "strategic priority"
The new hire rejoins former colleague Jeff Levin, who Morgan Stanley Investment Management added in February last year to establish a direct lending business as a "strategic priority"

Carlyle hires to New York credit opportunities team
Carlyle has appointed a former Guggenheim official to its credit opportunities team in New York

Carlyle switches to corp structure as credit portfolio grows 31%
Carlyle Group is set to become a full C corporation, moving away from its publicly traded partnership structure, amid global credit portfolio growing 31% year-on-year, according to the investment firm’s 2019 Q2 results