Global Market Strategies Structured Credit Team Completes Fourth CLO
in US in 2013
NEW YORK--(BUSINESS WIRE)--
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.com
Videos:
www.youtube.com/onecarlyle
Tweets:
www.twitter.com/onecarlyle
Podcasts:
www.carlyle.com/about-carlyle/market-commentary/481
The Carlyle Group
Elizabeth Gill, +1-202-729-5385
Elizabeth.gill@carlyle.com
Source: The Carlyle Group
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