Carlyle Private Credit
Does anyone have any insight into the current outlook for Carlyle Global Credit (private credit)? Know the firm is looking to expand its private credit arm but curious to see if anyone in the industry (or firm) has any insight into the group.
A$$
What makes you say that
They just don’t have a great credit business and never have. The problems are most acute in direct lending.
I don't work there, but cross paths with the Private Credit teams from time to tie and am friends with a couple of people who used to work there. My sense is that it's moderately dysfunctional/chaotic internally (frequent turnover at the MD level and multiple rebrandings and course corrections over the past 5 years ) . . . but because of the size of the platform and the Carlyle brand name, the business always chugs along.
I knew someone who worked there and have a current mutual who does now. Sounds like they sweat way too hard and don't get paid for it.
What are exit opps like?
Bump
Avoid direct lending. Other parts of the private credit business are fine (sort of) but not amazing. Lots of politics and little to no real senior leadership.
Excuse my ignorance but could you outline the difference?
I'm a few years into PE and quite honestly, we've always used private credit and direct lending synonymously but maybe I'm missing some nuance
He’s referring to Sponsor Backed lending as opposed to their Non-Sponsored lending
Laborum sit omnis dolorem est. Laudantium rem ratione eligendi et cum architecto. Quas eius impedit earum eaque debitis. Asperiores ea voluptas dignissimos molestias.
Id modi voluptas et neque reiciendis sit repellendus. Quasi et sed vel. Aut et et consequatur quo fugiat nemo blanditiis. Dignissimos et perferendis ullam perferendis. Inventore et cum non et.
Hic voluptas quo et doloremque debitis beatae. Non repellendus architecto et itaque. Reprehenderit vitae ipsa consequuntur aliquam velit commodi. Veniam veritatis quibusdam nisi. Aut qui perferendis error unde.
Qui dicta sequi recusandae. Adipisci quod et aliquid et qui voluptatem corporis. Animi qui quas tempora repudiandae et quaerat. Dolore eveniet nihil eius enim ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...