Canal Road Group, a private credit fund manager launched last year by the co-founders of CBAM Partners, bought in 2022 by Carlyle Group for an eye-popping sum, is out raising money for a debut fund.
Led by Co-Chief Executive Officers Mike Damaso and Don Young, the Miami-based firm filed a regulatory form this month for its Canal Road Private Credit Fund LP. No offering amount was listed, and we were unable to reach executives to talk about fundraising or hiring. However, their track record suggests we may witness a rapid ramp-up in both.