Principal, Direct Lending - Consumer
Apply NowCompany: Carlyle Group
Location: New York, NY 10025
Description:
Basic information
Job Name:
Principal, Direct Lending - Consumer
Location:
New York/OVA
Line of Business:
Global Credit
Job Function:
Investment Professionals
Date:
Thursday, March 6, 2025
Position Summary
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.
Responsibilities
Qualifications
Benefits/Compensation
The compensation range for this role is specific to New York and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications.
The anticipated base salary range for this role is $300,000.
In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance.
Due to the high volume of candidates, please be advised that only candidates selected to interview will be contacted by Carlyle.
Company Information
The Carlyle Group (NASDAQ: CG) is a global investment firm with $441 billion of assets under management and more than half of the AUM managed by women, across 636 investment vehicles as of December 31, 2024 . Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,300 professionals operating in 29 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle's purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments - Global Private Equity, Global Credit and Investment Solutions - and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.
At Carlyle, we believe that a wide spectrum of experiences and viewpoints drives performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." We strive to foster an environment where ideas are openly shared and valued. By bringing together teams with varied expertise and approaches, we enjoy a competitive advantage and create a stronger foundation for long-term success.
Job Name:
Principal, Direct Lending - Consumer
Location:
New York/OVA
Line of Business:
Global Credit
Job Function:
Investment Professionals
Date:
Thursday, March 6, 2025
Position Summary
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.
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
Qualifications
- 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
Benefits/Compensation
The compensation range for this role is specific to New York and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications.
The anticipated base salary range for this role is $300,000.
In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance.
Due to the high volume of candidates, please be advised that only candidates selected to interview will be contacted by Carlyle.
Company Information
The Carlyle Group (NASDAQ: CG) is a global investment firm with $441 billion of assets under management and more than half of the AUM managed by women, across 636 investment vehicles as of December 31, 2024 . Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,300 professionals operating in 29 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle's purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments - Global Private Equity, Global Credit and Investment Solutions - and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.
At Carlyle, we believe that a wide spectrum of experiences and viewpoints drives performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." We strive to foster an environment where ideas are openly shared and valued. By bringing together teams with varied expertise and approaches, we enjoy a competitive advantage and create a stronger foundation for long-term success.