The Carlyle Group has closed two CLO funds in the U.S. and Europe at about $1.2 billion. Morgan Stanley arranged the $670 million U.S. CLO while Barclays arranged the $527 million European CLO. Both CLOs will focus mostly on senior secured bank loans.
New York, NY – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the closings of two Collateralized Loan Obligation (CLO) funds in the U.S. and Europe totaling approximately $1.2 billion. The $670 million U.S. CLO, arranged by Morgan Stanley, and the $527 million (€500 million) European CLO, arranged by Barclays, are the firm’s first CLOs of 2015 in each region. Both CLOs will invest predominantly in senior secured bank loans.
In 2014, Carlyle raised approximately $4.88 billion in CLO capital – $3.24 billion in the U.S. and $1.63 billion (€1.23 billion) in Europe. The firm has raised $9.15 billion in CLOs since the beginning of 2013.
Carlyle’s structured credit/CLO business, with $17 billion in assets under management as of December 31, 2014, is part of the firm’s Global Market Strategies platform, which had approximately $37 billion in assets under management as of December 31, 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 150 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 $194 billion of assets under management across 128 funds and 142 fund of funds vehicles as of December 31, 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 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.