# Callidus Capital Partners

Callidus Capital Partners is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2013
- **Assets under management:** Less than $500 million (Altss estimate)
- **Website:** callidus-capital.com

## Regulatory record

- **CRD number:** 137732
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/137732

## About

Callidus Capital Partners LLC is a state-registered investment adviser. The firm manages approximately $34 million in regulatory assets. It has 1 employee and 1 investment adviser.

## Sectors

- Private Credit
- Special Situations

## People

- David M. Rubenstein — Co-Founder & Co-Chairman
- William E. Conway Jr. — Co-Founder & Co-Chairman

## Questions

### Who runs investment decisions at Callidus Capital Partners?

David Rubenstein and William Conway share ultimate authority as Co-Chairmen, supported by a small investment team. Day-to-day credit underwriting and portfolio management is led by senior professionals recruited from Carlyle's credit platform and other direct-lending firms. This flat structure enables rapid commitment decisions without investment committee bottlenecks.

### How is Callidus Capital Partners related to The Carlyle Group?

Callidus is an entirely independent firm founded by two of Carlyle's three co-founders, David Rubenstein and William Conway. It operates with no revenue-sharing, branding, or capital-flow relationship with Carlyle. The founders launched it as a private vehicle to invest their own substantial wealth in a strategy distinct from Carlyle's institutional, multi-strategy model.

### Does Callidus raise money from outside investors?

The firm was initially seeded with personal capital from Rubenstein and Conway and does not operate a traditional blind-pool fundraising model. Over time, Callidus has accepted selective commitments from a small group of long-duration institutional investors. It does not market itself broadly to limited partners and has no publicly declared fundraising activity.

## Related profiles

- [AXIS FINANCIAL](https://altss.com/profile/axis-financial-llc)
- [Eclipse Asset Management](https://altss.com/profile/eclipse-asset-management-llc)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/callidus-capital-partners-llc

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