Carlyle debt fund float finally gets away

The Carlyle Group has finally completed the troubled flotation of a credit vehicle on Amsterdam’s Euronext exchange, raising $300 million.

Private equity firm The Carlyle Group has raised $300 million (€220 million) by floating a specialist debt fund on Amsterdam’s Euronext exchange, having earlier postponed the float because of difficult market conditions.

Carlyle said in May that it was planning a Euronext float for Carlyle Capital Corporation, a Guernsey-headquartered debt fund, but later decided to first postpone and then reduce the size of the float because of difficulties in the US sub-prime mortgage sector.

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