Carlyle launches evergreen credit strategy for individual investors

The new strategy will invest in deals alongside existing Carlyle funds in direct lending, opportunistic credit and real assets debt.

Carlyle has launched a private credit strategy targeted at private wealth investors.

The semi-liquid Caryle European Tactical Private Credit Fund (ETAC) will utilise Carlyle’s existing global credit platform to offer an evergreen strategy that gives individual investors access to a range of its European private credit strategies by investing directly in deals.

The fund will invest at least 70 percent of its assets in private fixed income securities and credit instruments with a focus on senior secured and floating rate debt. It will allocate to strategies including direct lending, opportunistic credit and real asset credit.

Shane Clifford, head of Carlyle’s wealth strategy, said: “The launch of ETAC represents a significant milestone in Carlyle’s drive to provide individuals access to private markets, particularly in Europe. Private credit has unique benefits and considerations in a portfolio, beyond traditional asset classes.

“ETAC offers flexibility and access to investment opportunities historically only available to large institutional investors, as Carlyle broadens its fund suite for the private wealth channel.”

The move follows attempts by a number of private credit managers to offer products to individual investors. In October last year, Troviq teamed up with Privium Fund Management to offer private credit to wealth managers and retail investors. Incoming regulations on ELTIF 2.0 may also make it simpler for individual investors to access alternatives.