The Carlyle Group Closes $415 Million CLO
November 12 2013 - 7:00AM
Business Wire
Global Market Strategies Structured Credit
Team Completes Fourth CLO in US in 2013
Global alternative asset manager The Carlyle Group (NASDAQ: CG)
today announced the closing of a $415 million Collateralized Loan
Obligation (CLO) fund, the firm’s sixth new-issue CLO this year
with four in the U.S. and two in Europe. Carlyle Global Market
Strategies CLO 2013-4 will invest in corporate leveraged loans and
high yield bonds. Wells Fargo arranged the transaction.
Carlyle’s third new-issue US CLO fund of 2013 closed in June at
$517 million. With the close of the latest CLO, Carlyle has raised
more than $2.16 billion in the US in 2013. Since the beginning of
2011 the firm has raised approximately $5.86 billion of CLOs
globally including the close last month of a €329.5 million
European CLO.
Carlyle’s structured credit/CLO business, with $17.5 billion in
assets under management, is part of the firm’s Global Market
Strategies platform, which has approximately $35.4 billion in
assets under management as of September 30, 2013. 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 148
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 $185 billion of assets under management across 122
funds and 81 fund of funds vehicles as of September 30, 2013.
Carlyle's purpose is to invest wisely and create value on behalf of
its investors, many of whom are public pensions. 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 more than 1,450
people in 34 offices across six continents.
Web: www.carlyle.comVideos: www.youtube.com/onecarlyleTweets:
www.twitter.com/onecarlylePodcasts:
www.carlyle.com/about-carlyle/market-commentary/481
The Carlyle GroupElizabeth Gill,
+1-202-729-5385Elizabeth.gill@carlyle.com
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