Private equity firm The Carlyle Group (Nasdaq: CG) is continuing its foray into collateralized loan obligations with its latest capital raise, Carlyle US CLO 2017-2 Ltd. The firm’s second CLO in 2017 received approximately $610 million in financial commitments.
Carlyle US CLO 2017-2, which was arranged by Citigroup Inc. (NYSE: C), will invest predominantly in senior secured leveraged loans. The firm’s preceding fund, Carlyle US CLO 2017-1, received slightly more in capital with a total of $612 million. Carlyle’s structured credit and CLO business has $19.1 billion in assets under management.