Mr. Carvalho is a Managing Director in the Ares Credit Group, where he focuses on U.S. direct lending. Prior to joining Ares in 2018, Mr. Carvalho was a Vice President in the U.S. Private Capital Group at BlackRock, Inc., where he originated, evaluated and executed direct lending investments. Previously, Mr. Carvalho worked in the Mezzanine Group at Crescent Capital Group. Mr. Carvalho began his career as an Analyst in the Corporate and Investment Banking Division of Wells Fargo Securities. He holds a B.A., summa cum laude, from The University of the South in Economics and an M.B.A. from The University of Pennsylvania Wharton School.