Alternative asset manager Carlyle Group (Nasdaq: CG) has closed a $610 million collateralized loan obligation (CLO) fund. The Washington, D.C.-based firm says the vehicle, dubbed Carlyle GMS CLO 2015-2, will invest in senior secured bank loans.
The CLO, arranged by Citigroup (NYSE: C), is Carlyle’s second 2015 fund in the U.S., but the third so far since January. The firm has now closed on $1.8 billion in new-issue CLOs globally in 2015 and has issued roughly $9.2 billion since the beginning of 2013.
Altogether, Carlyle’s structured credit/CLO business has $17.1 billion in assets under management as of March 31. CLOs make up roughly half of the $36.2 billion in total assets Carlyle has under management.