Carlyle has announced the establishment of an Australia and New Zealand joint venture involving funds managed by its global credit platform.
A joint venture has been formed between funds managed by Carlyle’s global credit platform and Australia-based credit investment firm amicaa, according to a statement. The venture will invest and manage a diversified portfolio of opportunistic private debt investments in Australia and New Zealand.
The partnership will be led by Carlyle Global Credit managing director Taj Sidhu and Carlyle Credit Opportunities team member Jay Ditmarsch.
Credit JV
Under the arrangements of this partnership, amicaa’s local team will source opportunities on the ground while Carlyle will provide access to the investment tools, processes and specialist resources of its $143 billion global credit platform alongside representation on its investment committee.
The platform will manage two primary strategies: one focused on delivering stable, income-oriented returns from Australian and New Zealand corporate loan investments alongside another focused on providing financing solutions to companies going through transition. Carlyle will invest capital from its Credit Opportunities strategy.
Established in 2019, amicaa was led and managed by local founders including David Wood, Cathy Hales and David Hoskin. Hoskin is a 20-year industry veteran, most recently with CIP Asset Management as its head of acquisition and leveraged finance investments.
