One of the biggest CLO managers just got bigger.
The Carlyle Group said Thursday it closed on two collateralized loan obligations, one in the U.S. and one in Europe, totaling approximately $1.17 billion.
The $618 million U.S. CLO, arranged by Mitsubishi UFJ Securities, and the 402 million European CLO, arranged by Citigroup, were the firm’s second of 2014 in each region.
Carlyle Global Market Strategies CLO 2014-2 and Carlyle Global Market Strategies Euro CLO 2014-2 will invest predominantly in senior secured bank loans.
In 2013 Carlyle raised more than $3 billion in new issue CLOs, including $2.16 billion in the U.S. with four CLOs, and 685 million from two European CLOs. Including these latest closings, in 2014 Carlyle has raised approximately $2.42 billion in CLOs -- $1.35 billion in the U.S. and $1.07 billion (777 million) in Europe.