The Carlyle Group announced last week that it has hired John Stomber as a managing director in the leveraged finance group in New York. Stomber previously worked at Cerberus Capital Management as a managing director focused on structured finance transactions and deals with banking and securities firms.
In his new role, Stomber will help develop new investment products and expand existing business lines. Carlyle's leveraged finance group manages 12 high yield, mezzanine and distressed funds in the US and Europe.
Meanwhile, across the pond, Carlyle has also hired Matthew Cottrell as an associate director in the European leveraged finance team. Cottrell will be responsible for risk management, including performance measurement, policies and procedures, and compliance.
Cotrell joins Carlyle from Fitch Ratings, where he was a director of the CDO group in European structured finance. At Fitch, Cottrell was involved in rating and analyzing cash and synthetic CDOs, as well as transactional and research work, including leveraged loan ratings.
Carlyle launched its European leveraged finance team in September 2004, which currently has two funds and about $1.1 billion under management.
Separately, Carlyle also announced last Wednesday that it has raised $436 million for its first fund dedicated to mezzanine investments. Carlyle Mezzanine Partners is headed jointly by managing directors Leo Helmers, Rufus. Rivers, and James Shevlet, Jr.
Carlyle's mezzanine team was established in 2004, and has thus far made eight investments. The mezzanine team leverages Carlyle's industry-based private equity experience and debt markets capability to invest in debt and equity securities of third-party leveraged buyouts, recapitalizations and growth financings.
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