2-Year Associate, Special Credits Group

Company Profile

The Carlyle Group (NASDAQ: CG) is a global investment firm with $477 billion of assets under management, across 678 investment vehicles as of December 31, 2025. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,500 professionals operating in 27 offices in North America, Europe, the Middle East, Asia and Australia.

Carlyle's purpose is to connect people, ideas, and capital to fuel growth for companies and performance for 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 Carlyle AlpInvest - and has deep expertise across industries, markets, and geographies.

At Carlyle, we believe that a wide spectrum of experiences and viewpoints drives performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." Reflecting this view, emphasis is placed on development, retention and inclusion through our internal processes and seven Employee Resource Groups (ERGs). We cultivate a culture where ideas are openly shared and challenged, connecting diverse expertise and perspectives to drive enduring value.

Team Overview

The Carlyle Group's Global Credit platform ("Carlyle") manages approximately $211 billion in assets across a broad range of strategies, including structured credit, CLOs, direct lending, opportunistic credit, mezzanine, real estate, infrastructure, and distressed investments.

The Special Credits Group ("SCG") is a centralized, cross-platform team responsible for all stressed, dislocated, and restructuring situations across Carlyle's Global Credit portfolio. SCG leads restructuring execution and negotiations, underwriting credits independently from originating deal teams and partners directly with senior investment professionals across the platform.

Primary Responsibilities

The Special Credits Group is seeking an Associate to support the evaluation, execution, and negotiation of all restructuring related activity across Carlyle's credit platform. The Associate will be a generalist across sectors and credit strategies: Key responsibilities include:

• Support all aspects of restructuring transactions and situations, including both in court and out of court processes
• Actively participate in creditor / company negotiations and ad hoc groups
• Build and maintain detailed financial models with ability to sensitize various capital structures and operating scenarios
• Preparation of investment committee materials and senior management updates
• Re-underwrite underperforming and distressed credits, developing holistic views and actionable recommendations
• Support portfolio companies and management teams in all regards following a change of control and / or reorganization
• Create and monitor distressed credit watchlists to be used by senior management
• Track and analyze data, trends and transactions across the restructuring and distressed debt markets
• Drive development and integration of AI tools to enhance analytical workflows and reporting

Requirements

• 2-4 years of experience in restructuring investment banking, private credit, leveraged finance, or related fields
• Strong financial modeling capabilities, particularly in restructuring and complex capital structures
• Deep understanding of credit documentation and various legal options in distressed situations
• Familiarity with a range of restructuring transactions including but not limited to: bankruptcies, liability management, stressed amend and extends and change of control transactions
• Strong presentation skills - experience assembling investment committee and or client ready presentation materials is preferred
• Self motivated, strong attention to detail, with a strong academic record
• Demonstrated interest in distressed investing, restructuring and special situations
• Experience leveraging AI tools to improve workflows, data analysis, or reporting is a plus

Benefits/Compensation

The compensation range for this role is specific to New York, NY 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 $150,000.

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.

Due to the high volume of candidates, please be advised that only candidates selected to interview will be contacted by Carlyle.