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. 

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.