Carlyle Reorganizes Secondary Unit to Focus More on Credit (1)

Carlyle Group Inc. is reshuffling the leadership of its secondary investments business to reflect the growing importance of providing liquidity to private equity fund managers.

Michael Hacker will take over as the global head of portfolio finance, while Chris Perriello will be the global head of secondaries in the new structure. Until recently Perriello was the co-head of secondary and portfolio finance at Carlyle’s AlpInvest Partners unit. They will both manage the team of nearly 40 investment professionals across the two strategies.

“There is a distinct credit product and an opportunity to compete with some of the standalone players in ...