David Richman has joined The Carlyle Group as a Managing Director for the firm’s Direct Lending business within the Global Credit platform. He joined this month and is based in New York.

In this new role, he is focused on covering private equity firms on the East Coast.

Mr. Richman, 39, joins Carlyle from Guggenheim Partners, where he was an originator for that firm’s corporate credit group.

Grishma Parekh, Carlyle Managing Director and Head of Origination for Carlyle Global Credit, said, “David brings deep relationships and an impressive background with experience in both private equity and private credit. We are excited to continue to grow our origination capabilities with the addition of David to our team.”

Prior to Guggenheim Partners, Mr. Richman was Managing Director at GE Capital. Before GE Capital, Mr. Richman spent eight years in middle market private equity, primarily at Fenway Partners in New York. He began his career at UBS Investment Bank in London, where he was a M&A analyst.

Mr. Richman attended Georgetown University where he earned his A.B. in Economics.

Carlyle Direct Lending is The Carlyle Group’s middle market lending platform focused on providing flexible financing solutions primarily to private equity sponsor-backed companies, including senior secured loans, unitranche loans and junior debt. The Direct Lending business, with a sponsor finance focus, has $6 billon in AUM, a 27-person team and four offices across the US.

Carlyle’s global credit businesses, with assets of approximately $44 billion, include: Loans & Structured Credit, Private Credit, Energy Credit and Distressed Credit. Those businesses have more than 100 investment professionals in New York, Washington, DC, Los Angeles, Chicago, Boston, Hong Kong and London.