Carlyle Secures Over $7 Billion for Credit Opportunities Fund
Funding | Dec 12, 2024 | The Carlyle Group
The Carlyle Group, a global investment firm, announced the final closing of its third Carlyle Credit Opportunities Fund (CCOF III) at $7.1 billion, marking its largest credit fundraising effort to date. This figure includes $5.7 billion in commitments from prominent global institutions and available leverage. CCOF III is 30% larger than its predecessor and brings total investable capital in Carlyle's opportunistic credit strategy to approximately $17 billion. The fund has already deployed or committed $2.4 billion across 25 investments in North America, Europe, and Asia Pacific. It aims to provide structured credit solutions to companies owned by families, founders, management, sponsors, and in special situations. According to Alex Popov, Head of Private Credit at Carlyle, the strategy is designed to offer strategic capital in complex situations by leveraging Carlyle's sourcing and due diligence expertise. The success of this fundraise reflects Carlyle's deep market connectivity and strategic focus in verticals like sports, media, residential real estate, software, and financial services. Mark Jenkins, Head of Global Credit, highlighted the role of private credit in global markets and Carlyle's commitment to yielding consistent returns for investors.
Sectors
- Private Equity
- Investment Management
- Credit and Lending
Geography
- Global – The fund has investments across North America, Europe, and Asia Pacific, reflecting Carlyle's global reach in investment strategies.
- United States – The Carlyle Group is headquartered in the US, which is a central market for its activities.
Industry
- Private Equity – Relevant due to Carlyle's role as a significant global private equity firm, orchestrating the largest fundraising for its credit opportunities fund.
- Investment Management – Carlyle's activities in managing assets and raising significant capital for new funds are core themes in this article.
- Credit and Lending – Carlyle's Credit Opportunities Fund is part of the firm's strategic focus on providing credit solutions to companies.
Financials
- $7.1 billion – The total capital raised in Carlyle's third Credit Opportunities Fund, marking it as the largest credit fundraising to date for the firm.
- $2.4 billion – The amount CCOF III has already invested or committed across 25 investments globally.
- $17 billion – Total investable capital within Carlyle's opportunistic credit strategy.
- $194 billion – Assets under management in Carlyle's Global Credit platform as of September 30, 2024.
- $22 billion – Amount deployed by Carlyle's Credit Opportunities strategy since 2017.
- $447 billion – Total assets under management by The Carlyle Group as of September 30, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Carlyle Group | Investment Firm | Company | A global investment firm with expertise in private equity, credit, and investment solutions, managing over $447 billion in assets. |
| Alex Popov | Head of Private Credit | Person | Leads Carlyle's private credit strategy, responsible for guiding the direction and success of the team's credit solutions. |
| Mark Jenkins | Head of Global Credit | Person | Oversees Carlyle's global credit initiatives, highlighting opportunities and consistent returns for the firm's partners. |
| Institutional Investors | Investors | Company | Global institutions and existing investors providing capital and commitments to Carlyle's credit funds. |