The Carlyle Group Closes Two CLOs Totaling $1.25 Billion
March 27 2014 - 7:00AM
Business Wire
Global Market Strategies Structured Credit
Team Completes U.S., European CLOs on Consecutive Days
Global alternative asset manager The Carlyle Group (NASDAQ: CG)
today announced the closings of two Collateralized Loan Obligation
(CLO) funds in the U.S. and Europe totaling $1.25 billion. The $727
million U.S. CLO, arranged by Morgan Stanley, and the €375 million
European CLO, arranged by Credit Suisse, were the firm’s first of
2014 in each region. Carlyle GMS CLO 2014-1 and Carlyle GMS
Euro CLO 2014-1 will invest predominantly in senior secured
bank loans.
In 2013 Carlyle raised more than $3 billion in new issue CLOs,
including $2.16 billion in the U.S. with four CLOs, and €685
million from two European CLOs.
Colin Atkins, Carlyle Managing Director and head of European
Structured Credit, said, “After a strong 2013, we are pleased to
see continued momentum into 2014. In a challenging environment, our
capabilities have enabled us to continue to find a steady supply of
loans for our CLO products.”
Linda Pace, Managing Director and head of U.S. Structured
Credit, said, “Our ability to source assets and remain disciplined
in our credit selection, as well as being active in the secondary
loan market, has been extremely important in this extended period
of demand outpacing supply.”
Carlyle’s structured credit/CLO business, with $17.2 billion in
assets under management, is part of the firm’s Global Market
Strategies platform, which had approximately $35.4 billion in
assets under management as of December 31, 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 approximately $189 billion of assets under management
across 118 funds and 106 fund of funds vehicles as of December 31,
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, real
estate, technology & business services, telecommunications
& media and transportation. The Carlyle Group employs more than
1,500 people in 34 offices across six continents.
Web: www.carlyle.comVideos: www.youtube.com/onecarlyleTweets:
www.twitter.com/onecarlylePodcasts:
www.carlyle.com/about-carlyle/illuminate-commentary/481
The Carlyle GroupElizabeth Gill,
+1-202-729-5385Elizabeth.gill@carlyle.com
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