Carlyle snares Roger Cozzi to lead new property debt business
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.