(FINalternatives) Global alternative asset manager Carlyle Group has raised approximately $612 million for its first U.S. collateralized loan obligation fund of 2017.The new CLO, arranged by Citigroup, is named Carlyle US CLO 2017-1 and will invest predominantly in senior secured loans, according to a press release. The company closed on four U.S. CLOs in 2016.
Carlyle’s structured credit/CLO business now has $19.3 billion in assets under management, the company said. The firm’s global credit businesses include Loans & Structured Credit, Private Credit, Energy Credit and Distressed Credit.
