The Carlyle Group’s latest collateralised loan obligation (CLO) fund has closed with $615 million raised, the New York-listed group said in a statement.
Carlyle Global Market Strategies CLO 2012-13 will invest in corporate leveraged loans and high yield bonds. Citibank arranged the transaction, Carlyle said.
The group’s previous new-issue CLO fund closed in June on $510 million. It also closed a similar vehicle of identical size in March.
Carlyle’s structured credit and CLO business now has $16 billion in assets under management, and falls within the group’s Global Market Strategies platform which had more than $29 billion in AUM as of 30 June. It manages mezzanine, high yield, structured credit, distressed debt and equity, long/short credit, emerging market equity and macroeconomic strategies.
The US structured credit business is led by managing director Linda Pace in New York, while Colin Atkins heads the group’s European team from London.