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Carlyle hires Michael Petrick to head credit alternatives and capital markets

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Private equity firm The Carlyle Group has appointed Michael “Mitch” Petrick as managing director and global head of credit alternatives and capital markets.

Petrick will also become a member of the firm’s operating committee.

Petrick, who joins Carlyle after a 20-year career at Morgan Stanley where he was managing director and global head of institutional sales and trading, will be based in New York and begin his duties in late March.

William E. Conway, Jr., Carlyle co-founder and chief investment officer, says: “Mitch is a significant addition to our senior management team. With a proven track record of delivering absolute returns and leading complex enterprises, Mitch will play a central role in expanding the scope and depth of our credit and capital markets business.”

Petrick adds: “I am delighted to join Carlyle at this opportune time in the credit market cycle. We will build upon the strong performance of the global credit platform generated over the past year during very challenging markets. Carlyle is a storied firm in an important industry and I am eager to be a part of its exciting future.”

Petrick will lead Carlyle’s leveraged finance, mezzanine and distressed teams, a total of 24 funds with USD19bn in assets managed by 57 investment professionals.

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