11.29
+1.07%
Close of 9 Nov 2026, in USD
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About Carlyle Secured Lending
From its filings with the US Securities and Exchange Commission
Carlyle Secured Lending is based in New York, New York and is incorporated in Maryland. Its shares trade on Nasdaq under the ticker CGBD. In the fiscal year to 31 December 2025, it reported net income of $70.0m. At that date it held total assets of $2.79bn and shareholders' equity of $1.17bn.
Carlyle Secured Lending, Inc., a Maryland corporation, is a specialty finance company that is a closed-end, externally managed, non-diversified management investment company. We have elected to be regulated as a BDC under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “Investment Company Act” or the “1940 Act”). For U.S. federal income tax purposes, we have elected to be treated as a RIC under Subchapter M of the Code. We were formed in February 2012, commenced investment operations in May 2013 and began trading on the Nasdaq Global Select Market, under the symbol “CGBD,” upon completion of our initial public offering in June 2017. Our principal executive offices are located at One Vanderbilt Avenue, Suite 3400, New York, New York 10017.
Our investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through assembling a portfolio of secured debt investments in U.S. middle market companies. Our core investment strategy focuses on lending to U.S. middle market companies, which we define as companies with approximately $25.0 million or greater of earnings before interest, taxes, depreciation and amortization (“EBITDA”), supported by financial sponsors. This core strategy is opportunistically supplemented with differentiated and complementary lending and investing strategies, which take advantage of the broad capabilities of Carlyle's Global Credit platform while offering risk-diversifying portfolio benefits.
Quoted from its 10-K, filed 24 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Capital Markets
- Listed since
- 14 Jun 2017
- Employees
- 2,500
- Website
- ir.carlylesecuredlending.com ↗
- Head office
- ONE VANDERBILT AVENUE, SUITE 3400, NEW YORK, NY, 10017
- Incorporated in
- MD
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Ms. Linda PaceChairman of the Board, since 2019$115,000
- Mr. Justin PlouffePresident, Chief Executive Officer, Director, since 2024
- Mr. Thomas HenniganChief Financial Officer, Chief Risk Officer, Director, since 2016
- Mr. Nelson JosephChief Accounting Officer, Treasurer
- Mr. Joshua LefkowitzChief Compliance Officer, Secretary
- Mr. Michael HadleyVice President, Head of Underwriting, Chief Investment Officer
- Mr. Alexander PopovVice President and Head of Illiquid Credit
- Mr. Nigel AndrewsIndependent Director$194,250
- Ms. Leslie BradfordIndependent Director$178,900
- Mr. John NestorIndependent Director$115,000
- Mr. William WrightIndependent Director$115,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Carlyle Global Credit Investment Management L.L.C. manages a portfolio of secured debt investments in US middle-market companies.
- TCG BDC employs 2500 employees focused on financial services in New York City.
- The company's investment objective includes generating current income through secured debt instruments like first lien loans.
Weaknesses
- TCG BDC currently has 0 full-time employees despite listing 2500 employees.
- The company's business description mentions 0 full-time employees contradicting the 2500 employee count.
- TCG BDC's portfolio includes a minority of higher yielding investments like unsecured debt and equities.
Opportunities
- TCG BDC can expand its secured debt portfolio in the US middle market segment.
- The company may increase capital appreciation through strategic investments in higher yielding assets.
- Carlyle Global Credit Investment Management L.L.C. can leverage its expertise in financial services.
Threats
- TCG BDC faces risks from higher yielding investments including unsecured debt and equities.
- The company's reliance on secured debt instruments may limit growth in volatile markets.
- TCG BDC's business model depends on middle-market companies' financial health in the US.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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