The Global Market Strategies structured credit team at the Carlyle Group has closed its third CLO in the US this year at approximately $816 million.
Carlyle GMS CLO 2014-3, arranged by Citigroup, will invest predominantly in senior secured bank loans.
The NASDAQ-listed asset manager Carlyle has now completed five CLOs in 2014 totalling $3.23 billion. Of this, the firm has raised $2.16 billion in the US and $1.07 billion (€777 million) in Europe. It is also the second consecutive year in which Carlyle has raised more than $3 billion in new issue CLOs, the firm said in a statement.
In June 2014, the Carlyle’s GMS platform announced it had raised two new CLOs, one in Europe and one in the US. Mitsubishi UFJ Securities arranged the US CLO called Carlyle GMS CLO 2014-2, which was $618 million in size, while Citigroup arranged its European counterpart Carlyle GMS Euro CLO 2014-2, which garnered €402 million.