Feb 25, 2021 - Economy

Carlyle snares Roger Cozzi to lead new property debt business

Dan Primack

Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images.

Alternative investment firm The Carlyle Group has hired Roger Cozzi from Alliance Bernstein to lead a new real estate credit business, according to an internal memo obtained by Axios.

Why it matters: This reflects how Carlyle, founded in 1987, is seeing both increased opportunity and investor interest in the asset class.

Carlyle has invested around $1 billion into real estate credit since its first foray in 2017, but that was all out of its general global credit platform.

Cozzi will lead a dedicated unit, which almost certainly will include a dedicated fundraise. He previously was Alliance Bernstein's chief investment officer for commercial real estate debt. Bloomberg first reported the news earlier today.

Joining Cozzi will be Phil Moore, an existing Carlyle managing director in London who had been working on its credit opportunities team.

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Carlyle snares Roger Cozzi to lead new property debt business

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