Sunday, 26 April 2015
Last updated 1 day ago
Apr 8 2008 | 11:16am ET
The Carlyle Group isn’t letting the collapse of its Carlyle Capital Corp. hedge fund keep it from the distressed debt market.
Carlyle has raised $1.35 billion for its second distressed debt and corporate opportunities fund, Carlyle Strategic Partners II, which will invest in the debt and equity of “operationally sound, financially distressed companies.”
In an interview, a Carlyle spokesman said “there is not a shred of similarity between” the new offering, which has the flexibility to invest throughout the capital structure in bank loans, public debt, public and private equity, and Carlyle Capital Corp, which made bets on tripeA-rated residential mortgage assets.
Last month, offshore legal firm Bedell Cristin Guernsey was appointed by the liquidators of Carlyle Capital to provide Guernsey legal advice on the liquidation. With reported residential mortgage assets of $21.7 billion, Carlyle Capital is by far the largest and internationally high profile compulsory liquidation ever brought before Guernsey’s courts, according to Bedell Cristin.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…