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Alternative Market Briefing

Carlyle wraps up the second credit opportunities fund at $4.6bn

Thursday, April 07, 2022

Laxman Pai, Opalesque Asia:

American multinational alternative asset management Carlyle has tapped investors for $4.6bn for its second credit opportunities fund - Carlyle Credit Opportunities Fund (CCOF II).

The US buyout giant exceeded its $3.5bn target and attracted almost double the amount raised for its predecessor fund. Including available leverage, investable capital is approximately $6 billion.

The Global investment firm said in a press release that CCOF II provides capital solutions to companies seeking an alternative to traditional capital markets or private equity.

"Its directly originated solutions are targeted at upper middle-market borrowers, including family and entrepreneur-owned businesses, sponsor-backed companies, and asset-backed borrowers," it said.

Mark Jenkins, Head of Global Credit at Carlyle, said, "This fundraise furthers our ongoing strategy to scale the Global Credit platform and, along with the strong performance of our initial fund, is a testament to the market opportunity and the talent of our team. We are grateful for the confidence and support of our investors, many of whom are repeat investors, and remain committed to delivering attractive returns."

CCOF II has already committed approximately $3.8 billion-or 67% of investable capital-to 22 businesses in North America and Europe across industries. The team focuses on leveraging Carlyle's areas of expertise and market connectivity to develop thematic views and proac......................

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