Carlyle Seeks $1 Billion as Private Equity Fills Lending Void
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Carlyle Group LP is the biggest of at least half-a-dozen private-equity firms raising funds to lend to U.S. mid-sized businesses, as dwindling returns from traditional bonds have sent investors in search of income.
Carlyle GMS Finance Inc. is seeking $1 billion for a vehicle to lend money to mid-market companies, according to two people with knowledge of the plan. The firm is joining KKR & Co., Brevet Capital Management LLC, White Oak Global Advisors LLC, Monroe Capital and Cyan Partners LP, which are collectively raising more than $4 billion for first-time funds that would make senior loans to such companies, according to investors and marketing documents obtained by Bloomberg News.