News & Analysis

Carlyle closes two CLOs

Last year, Carlyle’s GMS platform closed six CLOs with a combined $3.1bn in assets. With its two latest vehicles, it's already raised almost half that amount before the end of the first quarter. 

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The Carlyle Group has closed two CLOs in the US and Europe totaling $1.25 billion, the firm announced in a statement on Thursday.

The CLOs belong to the firm’s $17.2 billion structured credit business, a component of its $35.4 billion Global Market Strategies (GMS) platform. Morgan Stanley arranged the US CLO, which totals $727 million. The €375 million European CLO was arranged by Credit Suisse. Both vehicles will invest predominantly in senior secured bank loans.

Last year, Carlyle GMS closed six new CLOs with a combined $3.1 billion of assets, a total that includes the platform’s first two vehicles in Europe since the financial crisis.

“After a strong 2013, we are pleased to see continued momentum into 2014.  In a challenging environment, our capabilities have enabled us to continue to find a steady supply of loans for our CLO products,” said Carlyle managing director Colin Atkins in a statement.

For more background on Carlyle GMS and its CLO business, be sure to check out Capital Talk in Private Debt Investor’s forthcoming April issue.