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Posted 21 September, 2022

Carlyle Secured Lending, Inc. appointed Aren LeeKong as new CEO

Nasdaq:CGBD appointed new Chief Executive Officer Aren LeeKong in a 8-K filed on 21 September, 2022.


  The Board intends to appoint Aren LeeKong as the Company's Chief Executive Officer, effective January 1, 2023, when Ms. Pace steps down as Chief Executive Officer.  

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Overview of Carlyle Secured Lending, Inc.
Financial Services • Closed-End Funds
TCG BDC is an externally managed specialty finance company focused on lending to middle-market companies. TCG BDC is managed by Carlyle GMS Investment Management L.L.C., an SEC-registered investment adviser and a wholly owned subsidiary of The Carlyle Group L.P. Since it commenced investment operations in May 2013 through March 31, 2017, TCG BDC has invested more than $2.4 billion in aggregate principal amount of debt and equity investments prior to any subsequent exits or repayments. TCG BDC’s investment objective is to generate current income and capital appreciation primarily through debt investments in U.S. middle market companies.
Market Cap
$827M
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Carlyle Secured Lending, Inc. by TradingView
Relevant filing section
Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On September 19, 2022, Linda Pace informed Carlyle Secured Lending, Inc. (the "Company"), that effective December 31, 2022, she would step down as the Company's Chief Executive Officer. Ms. Pace also informed the Company that she intends to continue to serve in her current capacity on the Company's Board of Directors (the "Board") and as the Chair of the Board. 


Ms. Pace joined Carlyle Group ("Carlyle" or the "firm"), the parent of the Company's investment adviser, in 1999 and was instrumental in the firm's expansion into credit. In addition to playing a leadership role in growing Carlyle's CLO business for 20 years, Ms. Pace helped expand the firm's credit platform into new areas including illiquid credit. She has provided tremendous leadership to the firm over the decades, including in her most recent role as CEO of the firm's business development companies. Carlyle and the Board are thankful to retain her counsel and experience through her continued involvement as the Board's Chair. 


The Board intends to appoint Aren LeeKong as the Company's Chief Executive Officer, effective January 1, 2023, when Ms. Pace steps down as Chief Executive Officer. Mr. LeeKong, 46, is currently a Director of the Company and Carlyle Credit Solutions, Inc. and a Trustee of Carlyle Secured Lending III, business development companies managed by Carlyle Global Credit Investment Management L.L.C. or an affiliate thereof.


On September 20, 2022, Taylor Boswell informed the Company that effective immediately he was resigning from the Board and as Chief Investment Officer of the Company to pursue other interests. Concurrent therewith, Mr. Boswell informed the Company that he would continue as the Company's President through December 31, 2022. Mr. Boswell has made significant contributions leading the transformation of Carlyle's Direct Lending business, which have resulted in meaningful improvements in investment and business performance. Carlyle and the Board thank him for his efforts and wish him the best for the future.