Schwimmer, Wilder Leave Carlyle Group’s Market-Strategies Unit

Jan 08, 2014 2:44 pm ET

Jan. 8 (Bloomberg) -- Carlyle Group LP managing directors Randy Schwimmer and Hugh Wilder have left the firm, according to Randall Whitestone, a spokesman for the alternative-investment manager.

Thompson Reuters LPC reported the departures earlier today.

The two executives came to Washington-based Carlyle when it bought middle-market lender Churchill Financial LLC in November 2011. They were part of Carlyle’s global market strategies operation, which oversees about $35 billion in credit investments, hedge funds and loans. Carlyle had $185 billion of assets under management in 122 funds and 81 funds of funds as of Sept. 30, according to its website.

Both Schwimmer and Wilder had been involved in Carlyle GMS Finance Inc., a business-development company that Carlyle is organizing with a $1 billion fundraising target.

Schwimmer’s duties will be assumed by an executive who will head capital markets and syndication for the global market strategies business, Whitestone said in a telephone interview. Carlyle has hired someone for the new position, he said, declining to identify the executive.

--Editors: Josh Friedman, Sree Vidya Bhaktavatsalam