The Carlyle Group Closes $613 Million US CLO
Closing of 4th US CLO in 2017 Brings Yearly Total to $2.45 Billion
New York, NY – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced it has closed a U.S. Collateralized Loan Obligation (CLO) fund totaling $613 million. The CLO, arranged by BNP Paribas, is the firm’s fourth new-issue in the U.S. in 2017, bringing the yearly U.S. total issuance to $2.45 billion. Carlyle US CLO 2017-4, Ltd will invest predominantly in senior secured leveraged loans.
Linda Pace, Head of Carlyle’s U.S. Structured Credit, said, “This has been an active year for Carlyle in CLOs, having completed 20 transactions globally. We believe we have achieved optimum execution while improving key CLO terms for our investors. We are extremely pleased with the level of investor support we continue to receive, including establishing new relationships around the world. Our CLO business strategically leverages the entire firm and is an integral part of the continued growth and success of Carlyle’s global credit platform.”
With its latest CLO, Carlyle’s structured credit/CLO business has approximately $20.5 billion in assets under management. Carlyle’s global credit businesses include: Loans & Structured Credit, Opportunistic Credit, Private Credit, Energy Credit and Distressed Credit. The global credit businesses have more than 100 investment professionals in New York, Washington, DC, Los Angeles, Chicago, Hong Kong, and London.
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $174 billion of assets under management across 306 investment vehicles as of September 30, 2017. 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 Investment 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 & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.
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