Saturday, 29 April 2017
Last updated 18 hours ago
Apr 20 2017 | 9:48pm ET
Global alternative asset manager Carlyle Group has raised approximately $612 million for its first U.S. collateralized loan obligation fund of 2017.
The new CLO, arranged by Citigroup, is named Carlyle US CLO 2017-1 and will invest predominantly in senior secured loans, according to a press release. The company closed on four U.S. CLOs in 2016.
Carlyle’s structured credit/CLO business now has $19.3 billion in assets under management, the company said. The firm's global credit businesses include Loans & Structured Credit, Private Credit, Energy Credit and Distressed Credit.
Founded in 1987 by David Rubenstein, Bill Conway and Dan D’Aniello, Carlyle has $158 billion of assets under management across 281 investment vehicles in four global segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions. The company has expertise in various industries, including aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.