The Carlyle Group has closed its second U.S. 2015 collateralized loan obligation fund at about $610 million. The CLO, which was arranged by Citigroup, will focus mostly on 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 $610 million. The CLO, arranged by Citigroup, is the firm’s third of 2015 and second in the United States. Carlyle GMS CLO 2015-2 will invest predominantly in senior secured bank loans.
Carlyle has now closed on $1.8 billion in new-issue CLOs globally in 2015 and has issued approximately $9.2 billion since the beginning of 2013.
Carlyle’s structured credit/CLO business, with $17.1 billion in assets under management as of March 31, 2015, is part of the firm’s Global Market Strategies platform, which had approximately $36.2 billion in assets under management as of March 31, 2015. The GMS platform includes: mezzanine and energy mezzanine loans; high yield and structured credit; distressed equity and debt; and three hedge fund strategies (long/short credit, emerging market equities and commodities). The GMS platform has more than 145 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 $193 billion of assets under management across 130 funds and 156 fund of funds vehicles as of March 31, 2015. 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 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 1,650 people in 40 offices across six continents.