The Carlyle Group Closes $623 Million CLO
March 28 2013 - 12:09PM
Business Wire
Global alternative asset manager The Carlyle Group (NASDAQ: CG)
today announced the closing of a $623 million Collateralized Loan
Obligation (CLO) fund, the firm’s second new-issue CLO of the year.
Carlyle Global Market Strategies CLO 2013-2 will invest in
corporate leveraged loans and high yield bonds. Morgan Stanley
arranged the transaction.
Carlyle’s first new-issue CLO fund of 2013 closed in February at
$605 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 $32.5 billion in assets under
management as of December 31, 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 more than 200 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 $170 billion of assets under management across 113
funds and 67 fund of fund vehicles as of December 31, 2012.
Carlyle’s purpose is to invest wisely and create value. 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 1,400 people in 33
offices across six continents.
Web: www.carlyle.comVideos: www.youtube.com/onecarlyleTweets:
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