Carlyle Said to Hire Och-Ziff's Schmitz for Distressed Assets

Carlyle Group LP hired Christian Schmitz for its distressed debt and equity business in London, according to a person familiar with the matter.

Schmitz joins the firm as a managing director of Carlyle Strategic Partners, which focuses on special situations, said the person, who asked not to be identified because they’re not authorized to speak about it. He will report to Ian Jackson, co-head of the business, the person said.

Schmitz previously worked as a senior analyst in Och-Ziff Capital Management Group LLC’s corporate credit team. He has also held roles at Gruss Capital Management and Goldman Sachs Group Inc., according to the Financial Conduct Authority register.

Catherine Armstrong, a spokeswoman for Carlyle in London, declined to comment on the hire. Schmitz also declined to comment.

Carlyle, the world’s second-largest alternative asset manager, set a $2 billion target on its fourth special-situations fund, Carlyle Strategic Partners IV LP, two people with knowledge of the fundraising said in January. Washington-based Carlyle started raising $211 million for its first Strategic Partners fund in 2004, $1.35 billion for its second in 2007 and $700 million for a third in 2010.

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