The Carlyle Group has raised about $612 million for its first 2017 U.S. CLO fund. The CLO will invest mostly in senior secured loans.
New York, NY – 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 $612 million. The CLO, arranged by Citigroup, is the firm’s first of 2017 in the United States. Carlyle US CLO 2017-1, Ltd will invest predominantly in senior secured loans.
Carlyle’s structured credit/CLO business now has $19.3 billion in assets under management. Carlyle’s global credit businesses include: Loans & Structured Credit, Private Credit, Energy Credit and Distressed Credit. Those businesses have more than 100 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 $158 billion of assets under management across 281 investment vehicles as of December 31, 2016. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pension funds. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment 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 35 offices across six continents.