Carlyle Group Closes First 2016 CLO in US Totaling $403 Million
OREANDA-NEWS. April 25, 2016. Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the closing of a Collateralized Loan Obligation (CLO) fund in the U.S. totaling approximately \\$403 million. The CLO, arranged by JP Morgan, is the firm’s first of 2016 in the United States. Carlyle GMS CLO 2016-1 will invest predominantly in senior secured bank loans.
Carlyle has issued approximately\\$15.8 billion in CLOs since the beginning of 2011.
Carlyle’s structured credit/CLO business, with \\$19.1 billion in assets under management as of December 31, 2015, is part of the firm’s Global Market Strategies platform, which had approximately \\$35 billion in assets under management as of December 31, 2015. The platform includes: mezzanine and energy mezzanine loans; high yield and structured credit; distressed equity and debt; and three hedge fund strategies (long/short credit, emerging market equities and commodities). The GMS platform has more than 200 investment professionals in New York, Washington, DC, Los Angeles, Chicago, Hong Kong, and London.