The Carlyle Group, the publicly traded asset manager, has closed a $623 million C.L.O. fund (typically a collection of large loans made by banks to corporations with higher amounts of leverage). It’s the firm’s second new-issue CLO of the year. Carlyle Global Market Strategies CLO 2013-2 will invest in corporate leveraged loans and high yield bonds. Morgan Stanley arranged the transaction.
Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the closing of a $623 million Collateralized Loan Obligation (CLO) fund, the firm’s second new-issue CLO of the year. Carlyle Global Market Strategies CLO 2013-2 will invest in corporate leveraged loans and high yield bonds. Morgan Stanley arranged the transaction.
Carlyle’s first new-issue CLO fund of 2013 closed in February at $605 million. The firm closed a total of four new-issue CLOs last year, raising $2.26 billion.
Carlyle’s structured credit/CLO business, with $17 billion in assets under management, is part of the firm’s Global Market Strategies platform, which had $32.5 billion in assets under management as of December 31, 2012. 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 200 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 $170 billion of assets under management across 113 funds and 67 fund of fund vehicles as of December 31, 2012. Carlyle’s purpose is to invest wisely and create value. 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, technology & business services, telecommunications & media and transportation. The Carlyle Group employs 1,400 people in 33 offices across six continents.