Carlyle third U.S. CLO closes at $505 mln

Carlyle Group said Sept. 21 that its third collateralized loan obligation fund in the U.S. closed with approximately $505 million. Citigroup arranged the CLO. Carlyle GMS CLO 2016-3 will invest predominantly 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 $505 million. The CLO, arranged by Citigroup, is the firm’s third of 2016 in the United States. Carlyle GMS CLO 2016-3 will invest predominantly in senior secured bank loans.

Carlyle has issued approximately$17.3 billion in CLOs since the beginning of 2011.

Carlyle’s structured credit/CLO business had $19.7 billion in assets under management as of June 30, 2016. 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.
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $176 billion of assets under management across 128 funds and 170 fund of funds vehicles as of June 30, 2016. 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 35 offices across six continents.