INSUBCONTINENT EXCLUSIVE:
Mumbai: Global investment firm The Carlyle Group has raised its new Carlyle Credit Opportunities Fund (CCOF), a $2.4 billion fund
The fund will invest in private capital solutions - primarily for upper middle market borrowers, including non-private equity sponsored,
family or entrepreneur-owned companies seeking an alternative to traditional capital markets or private equity, said a press
statement.
Including available leverage, investable capital by CCOF increases to $3.1 billion.
The fund has already committed approximately
$850 million to ten businesses in North America and Europe across various industries.
“Carlyle’s Credit Opportunities Fund is meeting a
growing need for bespoke capital solutions among borrowers seeking an alternative to traditional debt markets or private equity
Leveraging Carlyle’s global platform, we seek to source and drive value in complex or overlooked investment opportunities while
structuring strong downside protection and current yield,” said Alexander Popov, Managing Director and Head of the Carlyle Credit
Opportunities team.
Carlyle’s Global Credit platform, with $46 billion in assets as of March 31, 2019, includes funds in liquid credit,
illiquid credit and real assets credit
These businesses have more than 100 investment professionals in the US, Hong Kong and London
Carlyle has $222 billion of assets under management as of March 31, 2019.
A 15-person team based in New York and London advises the Carlyle
Credit Opportunities Fund, and invests across the capital structure through a combination of secured loans, senior subordinated debt,
mezzanine debt, convertible notes and other debt-like instruments, as well as preferred and common equity
In June last year, Carlyle had closed its fifth Asia fund at $6.55 billion, exceeding its target of $5 billion and 65% more than its
In India, Carlyle has invested more than $2 billion through 35 transactions across all Carlyle funds
Its current investments in India include SBI Cards, PNB Housing Finance, SBI Life Insurance, Metropolis Healthcare, Medanta Hospitals and
Last year, another PE major KKR- Co had closed KKR Private Credit Opportunities II, a $2.24 billion global fund for privately negotiated
subordinated debt securities, corporate mezzanine investments as well as asset-backed and specialty finance investments.