Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the closing of a $415 million Collateralized Loan Obligation (CLO) fund, the firm’s sixth new-issue CLO this year with four in the U.S. and two in Europe. Carlyle Global Market Strategies CLO 2013-4 will invest in corporate leveraged loans and high yield bonds. Wells Fargo arranged the transaction.
Carlyle’s third new-issue US CLO fund of 2013 closed in June at $517 million. With the close of the latest CLO, Carlyle has raised more than $2.16 billion in the US in 2013. Since the beginning of 2011 the firm has raised approximately $5.86 billion of CLOs globally including the close last month of a €329.5 million European CLO.
Carlyle’s structured credit/CLO business, with $17.5 billion in assets under management, is part of the firm’s Global Market Strategies platform, which has approximately $35.4 billion in assets under management as of September 30, 2013. 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 148 investment professionals in New York, Washington, DC, Los Angeles, Chicago, Hong Kong, and London.
About The Carlyle GroupThe Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $185 billion of assets under management across 122 funds and 81 fund of funds vehicles as of September 30, 2013. 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 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 more than 1,450 people in 34 offices across six continents.