Vice President, Direct Lending Underwriting – Software

The Carlyle Group

New York, NY, USA

Posted on April 9, 2024

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 128 active vehicles across its three business segments, Liquid Credit, Private Credit and Real Assets Credit. As of December 31, 2023, Carlyle’s Global Credit platform has 205 investment professionals and approximately $188 billion in AUM

Carlyle’s Direct Lending strategy primarily operates in the core middle market, focusing on originating senior secured term loans to U.S. middle market companies backed by financial sponsors, and complements these core exposures with select specialty lending capabilities. As of December 31, 2023 Carlyle’s Direct Lending strategy has approximately $9.6 billion of assets under management14 primarily across three business development companies (“BDC’s”), an evergreen open-ended private fund (Carlyle Direct Lending Fund), as well as a variety of rated structures and separately managed accounts.

Carlyle seeks to hire a Vice President 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 Vice President we seek to hire will serve as a key member of the Software 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 Vice President 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 Vice President 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
5-8 years of prior relevant experience in credit investing, M&A, restructuring, or leveraged finance
3+ years of prior credit investing experience
Industry experience in Software is required
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 City 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 $250,000.

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.

Company Information

The Carlyle Group (NASDAQ: CG) is a global investment firm with $426 billion of assets under management and more than half of the AUM managed by women, across 586 investment vehicles as of December 31, 2023. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world’s largest and most successful investment firms, with more than 2,200 professionals operating in 28 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 know that diverse teams perform better, so we seek to create a community where we continually exchange insights, embrace different perspectives and leverage diversity as a competitive advantage. That is why we are committed to growing and cultivating teams that include people with a variety of perspectives, people who provide unique lenses through which to view potential deals, support and run our business.