Carlyle Group closes $525 million CLO

By Paul A. Harris

St. Louis, Aug. 2 - Private equity firm The Carlyle Group announced in a Wednesday news release that it has closed Carlyle High Yield Partners VIII at $525 million. The fund will invest a minimum of 95% of its assets in bank loans and a maximum of 5% in high-yield bonds, and uses a traditional collateralized loan obligation structure.

"Our seven-year track record in managing leveraged loans and our superior access to collateral drove the strong equity demand, leading to an upsizing to $525 million," said Linda Pace, Carlyle managing director and leveraged loan portfolio manager, in a news release. "Additionally, the fund's liabilities priced at market tight levels, making this fund well positioned to produce attractive returns for our investors."

Carlyle's Leveraged Finance Group now manages $5.6 billion in assets, according to the press release.

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