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Carlyle raises €350m European CLO fund

17 Jun 2013

euro_building_170sqPrivate equity giant Carlyle has raised €350m for its latest collateralised loan obligation (CLO) fund, which is one of the first such vehicles in Europe since the 2008 financial crisis.

It is also Carlyle’s first new-issue CLO in Europe this year. The fund will focus on new issue and secondary market European senior secured bank loans.

In February last year the Washington-based firm made its first purchase in Europe by acquiring management contracts on €2.1 billion in European CLO assets from Highland Capital Management.

Carlyle managing director Colin Atkins said, “We are pleased to be at the forefront of the re-emergence of the European CLO market and our intention is to be a repeat issuer similar to our US CLO business.”

Carlyle’s CLO business currently has $16.7bn under management including nearly $6bn in Europe.

Earlier this month it was reported that Carlyle was set to lose the heads of its European buyout team in the midst of raising its latest European vehicle.

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