It's all relative: CLOs are lagging no more, as Carlyle deal drags market tighter
“CLOs are lagging” has been a much repeated refrain over the last nine months. But Carlyle Group has this week produced a US CLO that has dragged spreads to their tightest point in three years so that, rather than comparing CLOs to pre-covid levels, they should be assessed against early 2018

Carlyle BDC forms $250 million direct lending JV with Cliffwater
Carlyle’s business development company TCG BDC has formed a $250 million mid-market direct lending joint venture with Cliffwater

LP round up: EIF backs four debt funds while Carlyle wins $1 billion
Institutional investors have allocated just over $4 billion to 27 credit managers in October board meetings

Churchill appoints former Carlyle official to lead investor relations
Churchill Asset Management has appointed a former Carlyle Group official as a senior managing director and head of investor relations

Californian pension allocates $325 million to aviation and corporate private credit
San Francisco County Employees’ Retirement System has allocated $325 million to private credit strategies, according to 11 March board minutes

Carlyle appoints regional head of credit opps fund
Carlyle Group has hired a managing director to serve as North American head of its credit opps fund

Morgan Stanley IM hires from Carlyle again as it makes direct lending "strategic priority"
The new hire rejoins former colleague Jeff Levin, who Morgan Stanley Investment Management added in February last year to establish a direct lending business as a "strategic priority"

Carlyle hires to New York credit opportunities team
Carlyle has appointed a former Guggenheim official to its credit opportunities team in New York

Carlyle switches to corp structure as credit portfolio grows 31%
Carlyle Group is set to become a full C corporation, moving away from its publicly traded partnership structure, amid global credit portfolio growing 31% year-on-year, according to the investment firm’s 2019 Q2 results  

Carlyle targets upper mid-market credit for new $3.1 billion fund
Carlyle Group has raised $3.1 billion for the first fund in its credit opportunities series.

Carlyle performance dips in Q4, but credit teams ride global volatility
Credit fund performance dipped for the Carlyle Group in the fourth quarter, as market volatility and fund outflows put a dent in the industry’s much stronger performance of the previous three quarters

Carlyle closes private business development company at $1.9 billion
Carlyle Group has closed its second business development company, TCG BDC II, raising a total of $1.9 billion

Carlyle lands acquisition of $5.6 billion Apollo Aviation
The Carlyle Group has expanded its asset-based credit offerings with the acquisition of Apollo Aviation Group 

Credit drives strong returns for five of the largest asset managers in the business
Carlyle is close to hitting its ambitious fundraising target; direct lending has been kind to Ares; and Och-Ziff has decided to shed its US CLO risk retention stakes after exiting its financing agreements

Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

Carlyle hires three to credit opps team in New York
Carlyle has hired Apollo's Taylor Boswell as managing director on the credit opportunities team, along with Ben Fund and Leo Kang

Structured credit specialists seek future-proofing in direct lending
At the turn of the last credit cycle, structured credit recovered spectacularly – but credit managers today seem to be gravitating towards private credit as the area to pick up excess returns in a downturn

Carlyle’s direct lending BDC hits $2 billion, buoyed by inflows to credit fund
Carlyle’s Group’s direct lending business development company, TCG BDC, has announced a net increase in assets of $27 million for the most recent quarter

Oppenheimer and Carlyle launch global credit fund as part of JV
Carlyle Group and OppenheimerFunds International have filed to register the first fund product of their previously announced joint venture. The vehicle will invest in a wide range of credit products including CLOs, direct lending and opportunistic debt

Caryle's debut credit opportunities fund nets more than $1 billion
Carlyle Group has held a first close for its first credit opportunities fund at more than $1 billion, according to media reports – not bad for a vehicle formed last year

Carlyle's head of origination for credit earns promotion to partner
Carlyle Group has announced 58 senior promotions across all its global offices: eight to partner, 19 to managing director and 31 to principal/director

Carlyle, ICG and Oaktree earn approvals as Chile's first alternatives managers
The news follows recent reforms to Chile’s Pension Fund Law allowing pension fund administrators to invest directly in alternative asset managers

Carlyle raises more than $800 million for global CLO-focused fund
Carlyle's newest fund will invest in CLOs backed by US and European senior secured corporate loans actively managed by third parties

Carlyle poaches Varagon official as it strengthens private credit team
Carlyle Group has made a senior-level hire to its private credit group in New York with the firm adding managing director Inoki Suarez to its ranks

Carlyle's co-founders step down as new leadership team is unveiled
The group names two Co-CEOs and a Co-CIO – but claims its three co-founders will continue to be actively engaged at Carlyle