TCG BDC, Inc. Announces Board Changes, Effective April 17, 2020
April 15, 2020 at 04:38 pm
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On April 13, 2020, the board of directors of TCG BDC, Inc. appointed Mark Jenkins to the Board, effective April 17, 2020, as a Class II director. Mr. Jenkins will succeed to the vacancy on the Board created by the resignation of Eliot P.S. Merrill, a Managing Director of The Carlyle Group Inc. (“Carlyle”), effective upon Mr. Jenkins’ appointment to the Board. Mr. Jenkins is a Managing Director of Carlyle and Head of Carlyle Global Credit at Carlyle. Prior to joining Carlyle in 2016, Mr. Jenkins was a Senior Managing Director at Canada Pension Plan Investment Board (CPPIB) where he was responsible for leading CPPIB’s Global Private Investment Group with approximately CAD 56 billion of assets under management.
Carlyle Secured Lending, Inc. is a specialty finance company that is a closed-end, externally managed, non-diversified management investment company. The Companyâs investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through assembling a portfolio of secured debt investments in United States middle market companies. The Company seeks to achieve its investment objective primarily through direct origination of secured debt instruments, including first lien senior secured loans (which may include stand-alone first lien loans, first lien/last out loans and unitranche loans) and second lien senior secured loans (collectively, Middle Market Senior Loans), with a minority of its assets invested in higher yielding investments (which may include unsecured debt, subordinated debt and investments in equities and structured products). The Company is externally managed by its investment adviser, Carlyle Global Credit Investment Management L.L.C.