Thursday, June 28, 2012

Reuters: Private Equity: Carlyle closes $510 mln collateralized loan obligation

Reuters: Private Equity
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Carlyle closes $510 mln collateralized loan obligation
Jun 28th 2012, 15:18

June 28 | Thu Jun 28, 2012 11:18am EDT

June 28 (Reuters) - Carlyle Group LP, the private equity firm that went public this year, said it closed a $510 million collateralized loan obligation (CLO) fund, its third new-issue CLO in less than a year.

CLOs are structured investment products that are backed by risky, high-yield debt, and sold to investors as bonds.

The company, which last closed a CLO fund also at $510 million in March, said JP Morgan Chase arranged the transaction.

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