Carlyle raises $7.1bn for its third opportunistic credit fund

Credit Opportunities Fund III is Carlyle’s largest-ever credit fundraise, with ‘robust appetite’ for the strategy.

Carlyle announced the final close of its third opportunistic fund, raising $7.1 billion, the firm’s largest fundraise for a credit fund to date.

Credit Opportunities Fund III includes commitments of $5.7 billion from global institutional investors, some of which have invested in Carlyle’s previous opportunistic credit funds. The remaining $1.4