The Carlyle Group Closes Two CLOs in US and Europe Totaling $1.17 Billion
Global Market Strategies Structured Credit Team Has Now Completed Four CLOs Totaling $2.42 Billion in 2014
New York, NY & London, UK – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the closings of two Collateralized Loan Obligation (CLO) funds in the U.S. and Europe totaling approximately $1.17 billion. The $618 million U.S. CLO, arranged by Mitsubishi UFJ Securities, and the €402 million European CLO, arranged by Citigroup, were the firm’s second of 2014 in each region. Carlyle GMS CLO 2014-2 and Carlyle GMS Euro CLO 2014-2 will invest predominantly in senior secured bank loans.
In 2013 Carlyle raised more than $3 billion in new issue CLOs, including $2.16 billion in the U.S. with four CLOs, and €685 million from two European CLOs. Including these latest closings, in 2014 Carlyle has raised approximately $2.42 billion in CLOs -- $1.35 billion in the U.S. and $1.07 billion (€777 million) in Europe.
Carlyle’s structured credit/CLO business, with $16 billion in assets under management, is part of the firm’s Global Market Strategies platform, which had approximately $37 billion in assets under management as of March 31, 2014. 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 $199 billion of assets under management across 120 funds and 133 fund of funds vehicles as of March 31, 2014. 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, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,600 people in 38 offices across six continents.