The Carlyle Group (Nasdaq: CG) has raised a distressed and special situations fund, called Carlyle Strategic Partners IV (CSP IV), with approximately $2.5 billion in capital commitments. The new fund will invest in the debt and equity of U.S., European and Asian companies.
CSP IV provides support to businesses experiencing financial, operational or cyclical distress. The new fund is the fourth of its kind for Carlyle, raising nearly three times the size of the firm’s preceding fund, Carlyle Strategic Partners III. CSP IV has the financing flexibility to invest throughout the capital structure of a company in bank loans, public debt, and public and private equity. Carlyle Strategic Partners is a part of the firm’s global credit segment.