The Carlyle Group announced on Friday that it has raised $517 million in Collateralized Loan Obligation or CLO funds. The fund is part of Carlyle Group's Global Market Strategies policy, which will be invested in leveraged loans and high yield bonds, provided such loans and bonds are corporate in nature.
Citibank oversaw the transaction. This new CLO fund is the company's third new issue in the United States for 2013.
The company's second CLO fund last March ended at $623 million. Adding the latest round of CLO funding, the Carlyle Group's total fund raised amounts to more than $1.7 billion. When adding the company's 2012 fundraising, Carlyle posts an impressive $4.5 billion worth of CLO across the globe, including the most recent closing of the Eur350 million CLO.
The company's Global Market Strategies platform is worth $33 billion. It is comprised of high yield and structured credit, mezzanine and energy mezzanine loans, hedge fund strategies, and distressed equity and debt.
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