The Carlyle Group Closes $605 Million CLO
February 15 2013 - 7:00AM
Business Wire
Global alternative asset manager The Carlyle Group (NASDAQ: CG)
today announced the closing of a $605 million Collateralized Loan
Obligation (CLO) fund, the firm’s first new-issue CLO of the year.
Carlyle Global Market Strategies CLO 2013-1 will invest in
corporate leveraged loans and high yield bonds. Citigroup arranged
the transaction.
Carlyle’s last new-issue CLO fund closed in December of 2012 at
$620 million. The firm closed a total of four new-issue CLOs last
year, raising $2.26 billion.
Carlyle’s structured credit/CLO business, with $17 billion in
assets under management, is part of the firm’s Global Market
Strategies platform, which had more than $30 billion in assets
under management as of September 30, 2012. 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 157 investment professionals in
New York, Washington, DC, Los Angeles, Chicago, Hong Kong, and
London.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset
manager with $157 billion of assets under management across 101
funds and 64 fund of fund vehicles as of September 30, 2012.
Carlyle’s purpose is to invest wisely and create value on behalf of
our investors, many of whom are public pensions. Carlyle invests
across four segments – Corporate Private Equity, Real Assets,
Global Market Strategies and Fund of Funds 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 1,300 people in 32
offices across six continents.
Web: www.carlyle.comVideos: www.youtube.com/onecarlyleTweets:
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