The Carlyle Group has closed its new $571 million collateralized loan obligation (CLO) fund which will primarily invest in senior secured bank loans. The investment vehicle was arranged by Wells Fargo and is the firm’s fourth such transaction in the US this year, the alternative investment firm announced yesterday (30 September).
Carlyle has now raised approximately $3.8 billion in CLOs this year, $2.73 billion in the US and $1.07 billion (€777 million) in Europe.
Carlyle’s structured credit/CLO business had $17 billion in assets under management as of 30 June and is part of the firm’s Global Market Strategies (GMS) platform, which has about $38.2 billion in assets. The platform includes mezzanine and energy mezzanine loans, high yield and structured credit, distressed equity and debt, as well as four hedge fund strategies.
The GMS platform has offices in New York, Washington, DC, Los Angeles, Chicago, Hong Kong and London.