Carlyle Raises $600 Million Equity Fund to Back CLO Deals
- Amount raised exceeded an initial $500 million target
- Fund is able to support at least $6 billion of CLO issuance
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Carlyle Group Inc. has raised more than $600 million in a new fund to support the issuance of collateralized loan obligations in the US and Europe, exceeding an initial target.
It’s the first fund from the asset manager to tap limited partners for so-called CLO equity, the riskiest portion of the securities. In the past, Carlyle has utilized third-party capital to complete deals. The fund exceeded a $500 million target that was previously reported by Bloomberg.