Three months after raising a $615 million collateralised loan obligation fund, The Carlyle Group has done it again. Its fourth CLO of the year – Global Market Strategies CLO 2012-14 – raised $620 million and is the firm's biggest yet.
As with its predecessors, the fund will invested in corporate leveraged loans and high yield bonds.
Together with the $615 million fund in September, and two which raised $510 million each in March and June, Carlyle has now raised $2.3 billion for new-issue CLOs in the year.
The funds sit within Carlyle's Global Market Strategies platform, which also includes mezzanine, high yield, structured credit, emerging market equities and commodities-related vehicles. The GMS group, which is led in the US by managing director Linda Pace, now has more than $30 billion of assets under management.
The CLO fundraising comes two weeks after Carlyle closed an energy-focused mezzanine fund at almost double its $750 million target.