Carlyle Said to Be Seeking to Raise $510 Million CLO Fund

Carlyle Group is seeking a $510 million collateralized loan obligation to be arranged by Wells Fargo & Co. (WFC) and Mitsubishi UFJ Financial Group Inc., according to three people with knowledge of the deal.

The CLO may include a $320 million slice rated AAA by Standard & Poor’s, said the people, who declined to be identified because the terms are private.

CLOs are a type of collateralized debt obligation that pool high-yield, high-risk loans and slice them into securities of varying risk and return.

To contact the reporters on this story: Kristen Haunss in New York at; Sarah Mulholland in New York at

To contact the editor responsible for this story: Faris Khan at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.