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Carlyle Group recruits former Apollo executive for credit opportunities team

Taylor Boswell was named a managing director in Carlyle Group's credit opportunities team, confirmed spokeswoman Elizabeth Gill.

It is a new position.

The credit opportunities team invests "primarily in highly structured and privately negotiated capital solutions supporting corporate borrowers through secured loans, senior subordinated debt, mezzanine debt, convertible notes and other debt-like instruments," according to the release. The team also invests in special situations and event-driven opportunities that occur from temporary market volatility.

He is based in New York and will report to Alexander Popov, managing director and head of the credit opportunities team.

Mr. Boswell was a managing director at Apollo Global Management and an investment committee member in its illiquid opportunistic credit business. It could not be learned if he was replaced; Apollo spokesman Gary M. Stein was not available for comment.

Carlyle had $195 billion in assets under management as of Dec. 31.