Alternative asset manager The Carlyle Group has closed a collateralised loan obligation (CLO) fund in the US totalling approximately USD816 million.
The CLO, arranged by Citigroup, is the firm’s third of 2014 in the US.
Carlyle GMS CLO 2014-3 will invest predominantly in senior secured bank loans.
Including these latest closings, in 2014 Carlyle has raised approximately USD3.23 billion in CLOs — USD2.16 billion in the US and USD1.07 billion (EUR777 million) in Europe, the second consecutive year in which Carlyle has raised more than USD3 billion in new issue CLOs.
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