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Erica Royal


Erica's Expertise

Erica supports the investment team with deal sourcing and execution, portfolio management, demand aggregation, fundraising and impact and ESG activities. Before Ariel, Erica worked for The Carlyle Group, where she held roles in portfolio management and corporate development. She started her career helping manage the firm’s financial services and long-dated strategy funds representing $6 billion in assets. During her time in corporate development, she was responsible for helping develop and execute Carlyle’s inorganic and organic growth strategy, launch new investment products and diligence potential acquisitions. Outside of Ariel, Erica is on the James Madison University College of Business board of advisors, Washington Performing Arts junior board and volunteers with the Ole School mentorship program. Erica received her BBA in finance with minors in Spanish and Chinese from James Madison University.