The Carlyle Group has hired Dan Cohn-Sfetcu as a managing director focused on originating and executing mid-market credit investments for Carlyle GMS Finance, a business development company (BDC), as well as the affiliated NF Investment Corp. He started at Carlyle this month and is based in New York. The two vehicles lend to private US mid-market companies that are usually sponsored by private equity firms.
Cohn-Sfetcu joins from American Capital, also a BDC, where he was a managing director. At American Capital, he was covering mid-market private equity sponsors and making credit investments throughout the capital structure. Prior to joining American Capital, he worked in private equity and investment banking.
“Dan’s deep investing experience, and relationships with private equity firms further enhance our direct origination efforts as we continue to grow the business. He brings significant experience in middle market credit with more than 20 years in the industry,” Michael Hart, president at Carlyle GMS Finance, said in a statement.
Carlyle’s mid-market credit investment team has about $2.5 billion in assets under management across five funds. The broader Global Market Strategies platform oversees about $36 billion in assets. The platform includes: mezzanine and energy mezzanine loans; high yield and structured credit; distressed equity and debt; and three hedge fund strategies (long/short credit, emerging market equities, macro and commodities). The GMS platform has 145 people on its investment staff across offices in New York, Washington, DC, Los Angeles, Chicago, Hong Kong and London.