Carlyle raising structured credit co-investment fund

The alternative lending firm has often raised sidecar vehicles.

The Carlyle Group has locked down additional capital to put to work alongside its structured credit fund, according to US Securities and Exchange regulatory filings.

The Washington, DC-based alternative asset management behemoth has raised $36.5 million for its CGMS Structured Credit Co-investment Fund. Carlyle is currently in the process of raising its SCF for which it is seeking $1 billion and has raised $223.7 million for the strategy, according to PDI data.

The firm declined to comment.

The SCF sidecar vehicle comes shortly after the firm disclosed has raised $125 million for its CSP IV Co-investment, which is associated with Carlyle Strategic Partners IV, a 2015-vintage year distressed fund that closed on its hard-cap of $2.5 billion in February.

Carlyle has previously raised co-investment funds for other vehicles, including 2007 vintage CSP II and 2011 vintage CSP III, which closed on $1.35 billion and $703 million, respectively, according to PDI data. SEC filings show CSP II Co-investment raised $55.65 million, while CSP III Co-investment raised $103.25 million.