Global Market Strategies
Carlyle’s Global Market Strategies segment, established in 1999 with our first high yield fund, has a group of 70 funds that pursue investment opportunities across various types of credit, equities and alternative instruments, and (with regards to certain macroeconomic strategies) currencies, commodities and interest rate products and their derivatives. These funds, with AUM of $29 billion and more than 175 investment professionals, include:
Carry Funds. We have seven carry funds in three different strategies: distressed and corporate opportunities (including liquid trading portfolios and control investments); corporate mezzanine (targeting middle market companies); and energy mezzanine opportunities (targeting debt investments in energy and power projects and companies).
Hedge Funds. Through our 55% stake in Claren Road Asset Management, LLC we have two long/short credit hedge funds focusing on the global high grade and high yield markets. Through our 55% stake in Emerging Sovereign Group LLC, we have five emerging markets equities and macroeconomic hedge funds. Additionally, through our 55% stake in Vermillion Asset Management, LLC, we have six funds focused on commodities investment.
Structured Credit Funds. Our 44 structured credit funds invest primarily in performing senior secured bank loans through structured vehicles and other investment products.