Global alternative asset manager The
Carlyle Group (NASDAQ:CG) today announced the closing of a €335
million Collateralized Loan Obligation (CLO) fund, the firm’s second
new-issue CLO in Europe this year. Carlyle GMS
Euro CLO 2013-2 will invest predominantly in new issue and secondary
market European senior secured bank loans. Citibank arranged the
transaction.
Carlyle’s first
new-issue European CLO in 2013 closed in June at €350 million.
According to S & P Capital IQ LCD, aggregate CLO issuance in 2013 in
Europe now stands at approximately €4.5 billion from 14 deals, including
Carlyle GMS Euro CLO 2013-1 and 2013-2. In February of 2012, Carlyle
made its first CLO purchase in Europe when it acquired management
contracts on €2.1 billion in European CLO assets from Highland Capital
Management.
Colin Atkins, Carlyle Managing Director and Head of European Structured
Credit, said, “We are pleased to have established ourselves as a repeat
issuer in the European CLO market and intend to be a continued presence
as we are with our US CLO business.”
Carlyle’s structured credit/CLO business, with $17.4 billion in assets
under management as of June 30, 2013, $6.48 billion (€4.8) of which are
in Europe, is part of the firm’s Global
Market Strategies (GMS) platform. GMS has more than $34 billion in
assets under management as of June 30, 2013. The platform includes:
mezzanine and energy mezzanine loans; high yield and structured credit;
distressed equity and debt; and four hedge fund strategies (long/short
credit, emerging market equities, macroeconomic and commodities). The
GMS platform has more than 200 investment professionals in New York,
Washington, DC, Los Angeles, Chicago, Hong Kong, and London.
About The Carlyle Group
The Carlyle Group (NASDAQ:CG) is a global alternative asset manager with
$180 billion of assets under management across 118 funds and 81 fund of
funds vehicles as of June 30, 2013. Carlyle's purpose is to invest
wisely and create value on behalf of its investors, many of whom are
public pensions. Carlyle invests across four segments – Corporate
Private Equity, Real Assets, Global Market Strategies and Global
Solutions – in Africa, Asia, Australia, Europe, the Middle East, North
America and South America. Carlyle has expertise in various industries,
including: aerospace, defense & government services, consumer & retail,
energy, financial services, healthcare, industrial, technology &
business services, telecommunications & media and transportation. The
Carlyle Group employs more than 1,400 people in 34 offices across six
continents.
Web: www.carlyle.com
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Copyright Business Wire 2013