Carlyle Group Closes $517M New-Issue CLO

Law360, New York (June 28, 2013, 2:23 PM EDT) -- The Carlyle Group LP on Friday announced the closing of a $517 million collateralized loan obligation, the private equity powerhouse’s third new-issue CLO in the U.S. this year.

The investment vehicle, Global Market Strategies CLO 2013-3, was arranged by Citibank and will invest in corporate leveraged loans and high-yield bonds, Carlyle said in a statement.

Its latest CLO comes after it closed its second new-issue CLO fund of the year at $623 million in March. So far in 2013, Carlyle says it has raised more than...
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