The firm is also marketing Rialto Real Estate Fund II, which held a second close in May.
 Richard D’Addario joins Phoenix Star Capital as it plans its debut CLO.  
The bank's Five Arrows private debt team, led by Martin Hook and Edouard Veber, has garnered commitments of around €300m for its first private debt fund.  
TPG, led by David Bonderman, is seeking to raise a successor to its previous credit vehicle, TPG Opportunities Partners II, which raised $2.41bn.
The approval is the final step in a $480m deal between Carlyle and EQT.
The firm, which launched in 2011, employs a sale-leaseback strategy in the US and Europe.
The firm expects to hold a final close in October.
The firm’s joint venture with CPPIB and Stone Point, MerchCap Solutions, helped to arrange some of the $580m in commitments for the new vehicle. 
The firm is more than half way to its $750m target for American Securities Opportunities Fund III.
  The New York firm’s previous fund, a $548 million 2011 vintage, also closed above target.      
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