Global alternative asset manager The Carlyle Group has closed a Collateralized Loan Obligation (CLO) fund in the U.S. totaling approximately $816 million.
The CLO, arranged by Citigroup, is the firm’s third of 2014 in the United States. Carlyle GMS CLO 2014-3 will invest predominantly in senior secured bank loans.
Go deeper with GlobalData
Including these latest closings, in 2014 Carlyle has raised approximately $3.23 billion in CLOs — $2.16 billion in the U.S. and $1.07 billion (777 million) in Europe, the second consecutive year in which Carlyle has raised more than $3 billion in new issue CLOs.
Carlyle’s structured credit/CLO business, with $17 billion in assets under management as of June 30, 2014, is part of the firm’s Global Market Strategies platform, which had approximately $38.2 billion in assets under management as of 30 June 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 149 investment professionals in New York, Washington, DC, Los Angeles, Chicago, Hong Kong, and London.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
