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Carlyle Adds to Private Debt Product, Team Build Out

 


FundFire | May 22, 2019


The FundFire article, “Carlyle Adds to Private Debt Product, Team Build Out," quoted Russell Reynolds Associates Consultant Hannah Brazier on the trends she's seeing around hiring in the private debt industry. The article is excerpted below.

Carlyle Group is hiring credit market veterans and planning to roll out new aviation leasing funds this year, and recently added an infrastructure debt team, as it continues widening the scope of a division it first revamped in 2016.

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Private alts managers may not be done with the rush of new product if hiring trends are any guide, says Hannah Brazier, consultant and global leader of investment management at Russell Reynolds Associates, an executive search firm.

“There’s been a huge amount of hiring in the private credit space for a number of years now, and that has continued this year in the form of investment professionals and sales people and better quality leadership talent,” she says. “Competition is strong... Everybody has been saying the market is [at a peak], but that hasn’t stopped the hiring.”

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While private debt hiring across the market has been strong, there are shifts already visible, says Brazier at Russell Reynolds Associates. One is that direct lending has flattened out and is no longer outstripping the market, and another is that real estate debt is a new hot area, she says.

“There’s an increasing amount of organizations thinking about how they can integrate their credit capabilities with other asset classes,” she says.

To read the full article, click here.




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Carlyle Adds to Private Debt Product, Team Build Out