Carlyle hires three for credit business

The hires are part of Carlyle’s plans to boost its credit opportunities business, which it said is a priority for growth.

Carlyle Group has hired Taylor Boswell to its credit opportunities team to bolster the “strategic priority” of debt to the business.

Boswell, who joins from Apollo Global Management, will serve as a managing director for credit opportunities based in New York. Carlyle also announced the appointments of Ben Fund as principal and Leo Kang as associate.

Mark Jenkins, head of Carlyle’s global credit platform, said: “Our Global Credit business is a strategic priority of the firm. The Credit Opportunities team is a key component of our group’s mandate to create value for our investors”.

Boswell joined Apollo in 2013 and served as a managing director and investment committee member of its Illiquid Opportunistic Credit business. His responsibilities at Apollo included sourcing, execution and management of credit-oriented investments across various sectors and geographies. Before joining Apollo he spent seven years at Perella Weinberg Partners focusing on special situations corporate investing.

Before joining Carlyle, Fund worked for Point72 Asset Management and has also spent time at Apollo Global Management working on opportunistic credit investing. Kang was previously an associate at Guggenheim Partners performing credit investment research in the food and beverage, gaming and leisure and airline industries.

Carlyle’s credit team invest in structured and private negotiated capital for corporate borrowers via secured loans, senior subordinated debt, mezzanine, convertible notes and other debt-like instruments.