NEW YORK--([ BUSINESS WIRE ])--Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the closing of a $615 million Collateralized Loan Obligation (CLO) fund, the firmas third new-issue CLO in less than a year. Carlyle [ Global Market Strategies CLO ] 2012-3 will invest in corporate leveraged loans and high yield bonds. Citibank arranged the transaction.
Carlyleas [ last new-issue CLO fund ] closed in June, at $510 million. The firm also closed a $510 million new issue CLO in March 2012.
Carlyleas structured credit/CLO business, with $16 billion in assets under management, is part of the firmas [ Global Market Strategies ] platform, which had more than $29 billion in assets under management as of June 30, 2012. The platform includes: mezzanine and energy mezzanine loans, high yield and structured credit, distressed equity and debt, long/short credit, and emerging market equities and macroeconomic strategies. The GMS platform has more than 100 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 $156 billion of assets under management across 99 funds and 63 fund of fund vehicles as of June 30, 2012. Carlyle's purpose is to invest wisely and create value. Carlyle invests across four segments a" Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions a" 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 1,300 people in 32 offices across six continents.
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