Carlyle has raised about $512 million for its fifth CLO fund this year. Citigroup arranged the CLO. The fund will invest mostly in senior secured bank 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 $512 million. The CLO, arranged by Citigroup, is the firm’s fifth of 2014 in the United States. Carlyle GMS CLO 2014-5 will invest predominantly in senior secured bank loans.
Including this latest closing, Carlyle has raised approximately $4.8 billion in CLOs in 2014 — $3.24 billion in the U.S. and $1.54 billion (€1.23 billion) in Europe – and $7.89 billion since the beginning of 2013.
Carlyle’s structured credit/CLO business, with $17 billion in assets under management as of September 30, 2014, is part of the firm’s Global Market Strategiesplatform, which had approximately $39 billion in assets under management as of September 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 157 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 129 funds and 141 fund of funds vehicles as of September 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 1,700 people in 40 offices across six continents.