Associate VP, Direct Lending Fund Management
Carlyle Investment Management, LLC

Job Info

Position Summary

Oversees the finance, accounting and operations of direct lending commingled funds and separately managed accounts. Manages and supports broad range of efforts including investor and firm reporting, deal execution and tax structuring, new product launches, systems implementation and firm initiatives.

Key Duties/Responsibilities

  • Fund management/Operations:
    • Ensure fund is in compliance with Limited Partnership Agreement
    • Review capital call, distribution notices
    • Manage cash needs, including the fund line of credit facility
    • Manage valuation process including presenting to the Valuation Committee
    • Review fund performance metrics
  • Fund Accounting and Financial Reporting:
    • Quarterly reporting: Review Financial statements, capital account statements prepared by third party administrator
    • Coordinate preparation of quarterly investor updates
    • Review carry and management fee calculations and coordinate sign-off
    • Oversee fund administrator relationships (both externally and internally via local teams like Luxembourg), drive fund admin operating model and internal processes/policies and build out process to monitor performance through KPIs
  • Fundraising, Investor Relations and New Product Support:
    • Support fundraising process, include review of term sheets, PPM, flipbooks, due diligence questionnaires, side letter negotiations and LPA review
    • Ensure all ongoing LP requests are addressed
    • Assist with analysis of new business initiatives, assessing profitability, scalability and practicality of new product to assist management's business review and plan
  • Deal Execution/Fund and Investment Structures:
    • Work with lawyers and tax to set up legal structure of investments
    • Work with deal team to execute the acquisition of investments by planning funding of purchase and coordinating legal counsel to ensure closing of deals
    • Assist in incorporating the legal entities for the deal structure
    • Assist in reviewing limited partnership agreements
    • Monitor structures on an ongoing basis to ensure fit for purpose
  • Data Governance/Technology/Firm Initiatives/Scaling Operating Model:
    • Assist in driving strategy within vertical on data and technology initiatives with respect to investment, fund and investor data to drive consistent reporting across products


  • Bachelors Degree in Accounting and/or Finance required
  • 8+ years' experience either in private credit or equity or public accounting with supervisory experience
  • Experience in alternatives, familiar with fund accounting/GP/LP structures and/or SMAs
  • Credit background a plus
  • Strong organizational skills and detail oriented
  • Excellent communication skills - both written and oral and strong interpersonal skills
  • Ability to plan, coordinate various parties and execute an action plan
  • Legal and tax exposure a plus
  • Pro-active attitude and ability to work autonomously in fast-paced environment
  • Demonstrated ability to work effectively as part of a team/strong leadership qualities
  • Knowledge of alternative products, namely credit, strong recommended
  • High level of comfort with decision making

Company Information

The Carlyle Group (NASDAQ: CG) is a global investment firm with $260 billion of assets under management and more than half of the AUM managed by women, across 437 investment vehicles as of March 31, 2021. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 1,800 professionals operating in 29 offices in North America, South 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. As our Chief Executive Officer, Kewsong Lee, stated, "We seek to attract individuals from a broad set of backgrounds and experiences because we know that diverse teams ask better questions and inclusive teams find better answers. Our diverse and inclusive community makes us better partners and ultimately, helps us to build better."

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