Carlyle Closes on $610M CLO Fund

Discussion in 'Wall St. News' started by dealmaker, May 8, 2015.

  1. dealmaker

    dealmaker

    May 8 2015 | 12:11pm ET

    Carlyle Group has closed on a U.S. collateralized loan obligation fund with approximately $610 million in committed capital.

    The global alternative asset manager announced the closing in a press release on Friday. The CLO, arranged by Citigroup, is the firm’s third of the year and second in the United States.

    Named Carlyle GMS CLO 2015-2, the fund will invest predominantly in senior secured bank loans.

    Carlyle has now closed on $1.8 billion in new-issue CLOs globally so far in 2015, and has issued approximately $9.2 billion since the beginning of 2013.

    The company’s structured credit/CLO business has $17.1 billion in assets under management as of March 31, 2015. The unit sits within Carlyle’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.

    Publicly traded Carlyle is one of the world’s largest global alternative asset managers, with approximately $193 billion of assets under management across 130 funds and 156 fund of funds vehicles as of March 31, 2015.