TCG BDC will change its name to Carlyle Secured Lending.
“We are pleased to announce the renaming of TCG BDC as Carlyle Secured Lending. Our new name best reflects Carlyle’s twenty-year investment heritage in credit markets, as well as the company’s strong link to the extensive investment resources offered by our adviser. While our name is changing, our investment approach is not. We will continue to focus on the delivery of sustainable income to our valued shareholders,” Linda Pace, CEO of Carlyle Secured Lending, said.
In addition, Boswell, previously Carlyle Secured Lending’s chief investment officer, will assume the role of president of the company and will join the company’s board of directors.
“Carlyle’s integrated investment platform forms the foundation of the company’s investment approach. The breadth of Carlyle’s product capabilities, scale of our capital base and depth of our investment expertise differentiate our offering at all stages of an investment’s life cycle, from sourcing to diligence to portfolio management,” Boswell said.
“Taylor has been integral to the company’s success since he assumed the role of chief investment officer in 2019,” Pace said. “This new role is in recognition of his outstanding leadership across all aspects of our company’s operation. All of us at Carlyle congratulate him on this achievement and look forward to his continued success and contributions.”
Pace will step down as president of the company but continue as the company’s CEO and chair of the board of directors, positions she has held since Dec. 31, 2019.
“It’s a great privilege for me, and the rest of our team here at Carlyle, to be able to do this engaging work on behalf of our shareholders,” Boswell said. “We remain committed to our principal investment objective: the delivery of sustainable income. We will continue to work tirelessly to meet that objective across dynamic markets and through cycles.”
Prior to joining Carlyle, Boswell was employed by Apollo Global Management from 2013 to 2017. At Apollo, Boswell served as a managing director and investment committee member in the illiquid opportunistic credit business. Before joining Apollo in 2013, Boswell was a director at Perella Weinberg Partners, where he spent seven years focused on corporate investing, as well as helping to grow that firm’s investment management business. Earlier in his career, Boswell served as an associate at Providence Equity Partners as well as an investment banking analyst at Deutsche Bank.
In addition, the company elected three senior professionals to serve as officers of the company, as Michael Hadley, vice president and head of underwriting; Jonathan Pearl, vice president and head of sponsor coverage; and Alex Popov, vice president and head of illiquid credit joined the company’s roster of officers.
