Carlyle Raises Over $600 Million for its First CLO Captive Equity Fund

Jan 12, 2024 | News

Global investment firm, Carlyle (NASDAQ: CG) today announced the final close of its inaugural collateralized loan obligation (“CLO”) captive equity fund, CLO Partners. The fund raised more than $600 million, exceeding its initial $500 million target.

CLO Partners invests primarily in the equity of Carlyle-managed CLOs in the US and Europe, leveraging Carlyle’s data and expertise as one of the world’s largest CLO managers with $51 billion in assets under management.

“This fundraise allows us to be nimble in accessing the market when opportunities arise, and we are appreciative of the confidence and support of our limited partners,” said Lauren Basmadjian, Global Head of Liquid Credit at Carlyle. “We believe CLO equity is an attractive asset class, tested through multiple cycles, and we expect significant opportunities to deliver strong performance in the current and future market environment.”

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Carlyle has a 24-year track record of managing CLOs through multiple credit cycles and has issued a total of 98 CLOs across the US and Europe since inception. Carlyle’s seasoned team of investment professionals have extensive experience investing in, managing, and structuring CLOs. As of September 30, 2023, Carlyle currently has $150 billion in credit assets under management across a broad range of strategies, including liquid credit, private credit, and real assets credit.

Source: Carlyle

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