Private equity major Carlyle has closed two collateralized loan obligation (CLO) funds with total commitments of $1.25bn.
Carlyle’s US CLO fund has raised $727m and European CLO vehicle has received commitments of €375m. These were the firm’s first CLO funds of the year in the US and Europe.
Last year Carlyle raised more than $3 billion in new issue CLOs last year including $2.16bn secured across four CLO funds in the US and €685m committed to two European CLOs.
Carlyle managing director Colin Atkins said, “After a strong 2013, we are pleased to see continued momentum into 2014. In a challenging environment, our capabilities have enabled us to continue to find a steady supply of loans for our CLO products.”
Carlyle’s structured credit/CLO business currently has $17.2bn of assets under management.
Last month AltAssets reported that the Washington, DC-based firm had raised more than $300m within the last month for its latest Asian fund.
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