Carlyle Group LP, the private equity firm that went public this year, said it closed a $510 million collateralized loan obligation (CLO) fund, its third new-issue CLO in less than a year, Reuters reported. CLOs are structured investment products that are backed by risky, high-yield debt, and sold to investors as bonds.
(Reuters) – Carlyle Group LP, the private equity firm that went public this year, said it closed a $510 million collateralized loan obligation (CLO) fund, its third new-issue CLO in less than a year.
CLOs are structured investment products that are backed by risky, high-yield debt, and sold to investors as bonds.
The company, which last closed a CLO fund also at $510 million in March, said JP Morgan Chase arranged the transaction.
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