The Carlyle Group has closed a collateralized loan obligation fund totaling about $816 million. The CLO was arranged by Citigroup and is Carlyle’s third this year in the U.S. The CLO fund will invest primarily in senior secured bank loans. With this closing, Carlyle has raised about $3.23 billion in CLOs this year — $2.16 billion in the U.S. and $1.07 billion in Europe.
Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the closing of a Collateralized Loan Obligation (CLO) fund in the U.S. totaling approximately $816 million. The CLO, arranged by Citigroup, is the firm’s third of 2014 in the United States. Carlyle GMS CLO 2014-3 will invest predominantly in senior secured bank loans.
Including these latest closings, in 2014 Carlyle has raised approximately $3.23 billion in CLOs — $2.16 billion in the U.S. and $1.07 billion (€777 million) in Europe, the second consecutive year in which Carlyle has raised more than $3 billion in new issue CLOs.
Carlyle’s structured credit/CLO business, with $17 billion in assets under management as of June 30, 2014, is part of the firm’s Global Market Strategies platform, which had approximately $38.2 billion in assets under management as of June 30, 2014. The platform includes: mezzanine and energy mezzanine loans; high yield and structured credit; distressed equity and debt; and four hedge fund strategies (long/short credit, emerging market equities, macroeconomic and commodities). The GMS platform has more than 149 investment professionals in New York, Washington, DC, Los Angeles, Chicago, Hong Kong, and London.
* * * * *
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $203 billion of assets under management across 126 funds and 139 fund of funds vehicles as of June 30, 2014. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,600 people in 40 offices across six continents.