Carlyle Raises $505M For Third CLO Fund of 2016

Global alternative asset manager Carlyle has raised $505 million for its third collateralized loan obligation fund of this year.

The CLO, named Carlyle GMS CLO 2016-3, was arranged by Citigroup and will invest predominantly in senior secured bank loans, the company said in a statement. 

Carlyle has issued approximately $17.3 billion in CLOs since the beginning of 2011.

The firm’s structured credit/CLO business had $19.7 billion in assets under management as of June 30, 2016, the company said.

Carlyle’s global credit businesses include loans & structured credit, private credit, energy credit and distressed credit. 

Carlyle manages $176 billion in private equity holdings, credit assets, real estate and hedge funds across 128 funds and 170 fund of funds vehicles as of June 30, 2016. The firm was founded in 1987 by David Rubenstein, Bill Conway and Dan D’Aniello.