The firm’s latest structured credit vehicle hit its hard-cap and will back businesses in healthcare, education and business services.
The firm’s fourth credit fund will target asset-backed opportunities amid a volatile market, as investors look to diversify their portfolios.
The fund is the firm’s first sharia compliant direct lending vehicle and received a cornerstone investment from Saudi Arabia’s sovereign wealth fund.
Fund would be the latest step in Carlyle’s expansion in the credit space, Bloomberg says.
The fund saw a very high re-up rate and will continues its predecessors’ strategy of seeking out opportunistic credit investments across Europe.
The firm’s third fund will focus on private equity-backed deals across Europe and utilise CVC’s wider network.
The investing environment has become volatile and unpredictable, but Isabelle Scemama and Deborah Shire of AXA IM Alts see opportunities ahead for private debt and alternative assets overall.
Both firms have launched multiple CLOs in 2022 despite challenging market conditions.
The evergreen vehicle will focus on backing mid-sized companies with the ability to make a positive environmental impact.