NEW YORK - Carlyle Secured Lending, Inc. (NASDAQ: CGBD), a specialty finance company focusing on middle-market lending, has announced the appointment of Justin Plouffe as its new President, Chief Executive Officer (CEO), and member of the Board of Directors, effective today. The change in leadership follows the departure of former CEO Aren LeeKong, who resigned to pursue other professional opportunities.
Justin Plouffe, previously a Managing Director and the Deputy Chief Investment Officer for Global Credit at Carlyle, has a history with the firm that dates back to 2007. His tenure at Carlyle has seen him manage various aspects of the company's credit strategies, including overseeing new issuances of collateralized loan obligations (CLOs), leading acquisitions, and serving as a portfolio manager.
Plouffe holds a J.D. from Columbia Law School and is a CFA charterholder. Additionally, he is the CEO of TCG Securities, L.L.C., Carlyle's SEC-registered broker/dealer affiliate.
Linda Pace, Chair of the Board of Directors at Carlyle Secured Lending, expressed the board's enthusiasm for Plouffe's appointment, citing his distinguished experience and capability to lead the company in executing its strategy. The board also acknowledged the contributions of LeeKong to the company's success and wished him well in his future endeavors.
Plouffe himself commented on the significance of the timing of his appointment, considering the current state of the private credit markets, and expressed confidence in the company's positioning to deliver strong performance and long-term value for shareholders.
Carlyle Secured Lending, managed by Carlyle Global Credit Investment Management L.L.C., a wholly-owned subsidiary of The Carlyle Group Inc. (NASDAQ: NASDAQ:CG), has invested approximately $8.2 billion in debt and equity investments since May 2013. The company's investment objective is to generate income and capital appreciation through secured debt investments in U.S. middle market companies.
This leadership transition is based on a press release statement and reflects the company's ongoing efforts to adapt and thrive in the dynamic financial landscape.
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