The Carlyle Group completes $400 million U.S. loan fund

By Sara Rosenberg

New York, April 19 - The Carlyle Group closed on its 10th U.S. loan fund, Carlyle High Yield Partners X, Ltd., at $400 million, according to a news release.

Carlyle High Yield Partners X uses a traditional CLO structure, including AAA through BB rated liabilities that were priced at near historic low spreads to Libor.

"J.P. Morgan Securities did an outstanding job structuring the fund. We were pleased to take advantage of the opportunity to lock in attractive liability spreads on this transaction. The market recognized and rewarded our experience and expertise in managing leveraged loans and high-yield bonds through a full credit cycle for attractive returns and low defaults," said Linda Pace, Carlyle managing director and leveraged loan portfolio manager.

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