Our Global Credit segment is a multi-product, markets-focused investment platform. Established in 1999 with our first high yield fund, Global Credit currently operates 142 active vehicles across its four business segments, Liquid Credit, Private Credit, Real Assets Credit, and Asset-Backed Finance. As of December 31, 2024, Carlyle's Global Credit platform has over 175 investment professionals and over $190 billion in AUM.
Carlyle's Direct Lending strategy focuses on originating senior secured loans to U.S. and European companies. These borrowers are predominantly sponsor backed, though the platform has the scale and ability to provide financing to non-sponsored borrowers as well. As of December 31, 2024, Carlyle's Direct Lending strategy has over 10.7 billion of assets under management primarily across three business development companies ("BDC's"), two evergreen open-ended private funds (Carlyle Direct Lending Fund & Carlyle European Direct Lending), as well as a variety of rated structures and separately managed accounts.
Position Summary
Carlyle seeks to hire a Principal for our Direct Lending Underwriting Team. Carlyle Direct Lending's Underwriting Team is organized across four distinct sectors: Services and Industrials, Software and Technology, Consumer and Retail and Healthcare. Each sector has a dedicated group of investment professionals which generally consists of a sector lead and several supporting Vice Presidents.
The Principal we seek to hire will serve as a key member of the Consumer and Consumer Services sector team, critical to the underwriting, credit approval and portfolio management processes for transactions, including initial screening of deals, structuring, proposal issuance, detailed due diligence, formal credit approval, negotiation of documentation and closing. The Principal will have primary responsibility for industry analysis, financial modeling oversight, and development of key diligence analyses in conjunction with all proposed transactions. We anticipate this individual will develop expertise and thought leadership over time in one (or more) of the broader vertical's many sub-sectors.
Primary Responsibilities
- The Principal will be involved in all aspects of the deal process and key responsibilities will include:
- Industry analysis and financial modeling oversight in conjunction with all proposed transactions
- Evaluation of business and industries as well as identification of the economic attractiveness of investment opportunities
- Leadership in due diligences processes
Requirements
- Bachelor's degree required
- 8-10 years of prior relevant experience in credit investing, M&A, restructuring, or leveraged finance
- 5+ years of prior credit investing experience
- Industry experience in Consumer and Consumer Services is preferred
- Strong credit acumen with the ability to think critically about the qualitative aspects of a transaction as well as execute on the quantitative analysis required to evaluate an investment opportunity
- Strong verbal and written communication skills
- Strong sense of accountability, responsiveness, and follow-through
- Team oriented, with ability and interest in providing technical training and mentoring to junior employees
- Highly adaptable, with flexibility on depth and breadth of role and responsibilities
- Excellent organizational skills and ability to prioritize and multi-task
- Consistent attention to details
- Highly ethical
