We are pleased to announce the initial product launch from OC Private Capital, the joint venture between OppenheimerFunds and The Carlyle Group. The OFI Carlyle Private Credit Fund launched in June 2018 with the goal of delivering a unique and diversified stream of income to investors by tapping into the potential of the global private capital markets.
OFI Carlyle Private Credit Fund
The Fund’s investment objective is to produce current income. The Fund seeks to achieve this goal by allocating its assets across several credit strategies including: Loans and Structured Credit, Direct Lending, Opportunistic Credit, Distressed Credit, and others as opportunities arise. The Fund will take a prudent approach to portfolio construction by capitalizing on Carlyle’s differentiated origination and underwriting platform to source opportunities across its investment strategies. Both OppenheimerFunds and Carlyle are bringing dedicated resources, well-honed risk management skills, and an absolute commitment to governance, oversight and investor advocacy.
For a complete list of the Beneficial Ownership Filings for the Fund please visit the SEC Edgar Database.
Justin PlouffePortfolio Manager
Justin Plouffe is a Managing Director and the Deputy Chief Investment Officer of Carlyle Global Credit. He is a Director of the Fund’s Adviser and a voting member of the Portfolio Allocation Advisory Committee (“PAAC”). Mr. Plouffe focuses on investing in Carlyle’s structured credit and opportunistic credit strategies, as well as capital formation and management of the overall credit platform. Since joining Carlyle in 2007, he has overseen CLO new issuance, led acquisitions of corporate credit management platforms, served as a portfolio manager for structured credit investments, developed proprietary portfolio management analytics and negotiated a wide variety of financing facilities. Prior to joining Carlyle, Mr. Plouffe was an attorney at Ropes & Gray LLP. He has also served as a clerk on the U.S. Court of Appeals for the First Circuit and as a legislative assistant to a U.S. Congressman.
Mr. Plouffe received his undergraduate degree from Princeton University and his J.D. from Columbia Law School, where he was an editor of The Columbia Law Review. He is a CFA charterholder, holds Series 7, 24 and 63 licenses, and is associated with TCG Securities, L.L.C., the SEC-registered broker/dealer affiliate of The Carlyle Group.
Linda PacePortfolio Manager
Linda Pace is a Managing Director of Carlyle and the Global Head of Loans & Structured Credit. She is a voting member of the PAAC. Previously, she was responsible for portfolio management for Carlyle High Yield Partners, deploying capital into the U.S. market in cash and synthetic form. Prior to joining Carlyle, Ms. Pace spent 10 years with BHF-Bank AG, where she was co-head of the bank's Syndicated Loan group in New York. She invested in leveraged loans on behalf of the bank's $2 billion on-balance sheet portfolio, as well as their $400 million Collateralized Loan Obligation funds. Prior to that, Ms. Pace worked at Société Générale as a Corporate Credit Analyst.
Ms. Pace received her undergraduate degree in French from Douglass College and her M.B.A in finance from New York University.
About the Joint Venture
In 2017, OppenheimerFunds and The Carlyle Group formed a joint venture with one simple goal: to provide high-net-worth investors with access to products that were previously available only to institutions. The venture combines Carlyle’s global investing reach and expertise with OppenheimerFunds’ broad product structuring and distribution capabilities.
Both companies are known for client-centric missions: at Carlyle, “Invest wisely. Create value.” and at OppenheimerFunds, “The Right Way to Invest.” We have more than 90 years of combined experience and, in that time, have individually demonstrated investing acumen, earning the trust and respect of clients around the world. With this joint venture, we are bringing together dedicated resources, well-honed risk management skills, and an absolute commitment to governance, oversight, and investor advocacy to deliver unique products to a discerning audience.
Our shared principles of putting investors first and being responsible members of the global community make us proud to work together on this venture.
Thank you for your interest in our products. We look forward to serving your needs and earning your trust.
Kamal BhatiaCo-Head, Joint Venture, OppenheimerFunds
Kamal Bhatia is CEO and Co-Head of the joint venture and is the Vice-Chairman and a voting member of the Portfolio Allocation Advisory Committee (“PAAC”). He also serves as a team leader for the Investment Solutions group at OFI in New York focused on strategic initiatives and partnerships. Prior to joining OFI, Kamal served as Managing Director for Alternatives at TIAA-CREF asset management. Previously, he served as First Vice President for Mellon Institutional Asset Management. He started his career with the Global Corporate and Investment Banking Group at Citigroup as Vice President, Client Relationship Management.
Kamal holds a B.Tech. from the Indian Institute of Technology, Kanpur (India) and a M.S. from Washington University in St. Louis. He is also a CFA charterholder.
Mark JenkinsCo-Head, Joint Venture, The Carlyle Group
Mark Jenkins is a Managing Director of Carlyle and Head of Global Credit. He is a Director of the Adviser and Chairman and a voting member of the PAAC. Prior to joining Carlyle, 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 AUM. He was Chair of the Credit Investment Committee, Chair of the Private Investments Committee and also managed the portfolio value creation group. While at CPPIB, Mr. Jenkins founded CPPIB Credit Investments, which is a multi-strategy platform making direct principal credit investments. He also led CPPIB’s acquisition and oversight of Antares Capital and the subsequent expansion in middle market direct lending. Prior to CPPIB, he was Managing Director, Co-Head of Leveraged Finance Origination and Execution for Barclays Capital in New York. Before Barclays, Mr. Jenkins worked for 11 years at Goldman Sachs & Co. in senior positions within the Fixed Income and Financing Groups in New York.
Mr. Jenkins earned a Bachelor of Commerce degree from Queen’s University. He served on the boards of Wilton Re, Teine Energy, Antares Capital and Merchant Capital Solutions.