Carlyle announced today that Jeff Nedelman will join the firm’s New York office on Oct. 16, serving as global head of distribution.
Nedelman is leaving Certares, where he is a partner and senior managing director responsible for all capital raising, operations and portfolio oversight of the CK Opportunities Fund. He also serves on both the private equity and credit investment committees.
At Carlyle, Nedelman will lead the global investor relations team and will oversee global distribution across the firm’s three business segments, with a focus on both the institutional and private wealth channels. Officials expect he will also play a key role in strategic areas across the firm, including close collaboration with the debt and equity capital markets teams.
Carlyle Group has recently seen a decline in the pace of capital raising. Carlyle reported $7.1 billion inflows in its Q2 results, slightly above Q1 inflows of $6.8 billion but well below the Q3 2021 quarter peak of $22 billion, according to AW Research most recent data. Carlyle’s dry powder has gradually declined to a recent $72 billion as the firm has actively deployed capital. AUM at Carlyle currently stands at $385 billion.
“I am excited to welcome Jeff to the firm,” said Carlyle CEO Harvy Schwartz. “He has spent his entire career in client and sales focused leadership roles and brings a successful track record of building and leading teams and businesses and longstanding relationships with investors around the world.”
Before joining Certares in 2020, Nedelman had been at Goldman Sachs for over 25 years, serving most recently as co-chief operating officer of global equities. He played a leading role in the expansion of Goldman Sach’s financing and execution products.
“I am delighted to join Carlyle and the talented team of professionals around the world,” Nedelman said. “Carlyle has a world-class brand with longstanding relationships with some of the most sophisticated and important investors globally. I look forward to bringing innovative products and solutions and the best of Carlyle to all channels.”