Alternative asset manager The Carlyle Group has closed a USD415m collateralised loan obligation (CLO) fund, the firm's sixth new-issue CLO this year with four in the US and two in Europe.
Carlyle Global Market Strategies CLO 2013-4 will invest in corporate leveraged loans and high yield bonds. Wells Fargo arranged the transaction.
Carlyle's third new-issue US CLO fund of 2013 closed in June at USD517m. With the close of the latest CLO, Carlyle has raised more than USD2.16bn in the US in 2013. Since the beginning of 2011 the firm has raised approximately USD5.86bn of CLOs globally including the close last month of a EUR329.5m European CLO.