Robin Blumenthal
The manager’s second fund targeting the strategy has exceeded its target.
The manager’s largest credit vehicle focuses on 'underserved' non-sponsored companies.
Even in the face of substantial macroeconomic challenges, managers are finding a variety of alternative ways to describe the strategy.
The fund that pursues asset-backed opportunistic strategy was oversubscribed.
The vehicle raised about half of its $250m target for affordable housing.
Carlyle’s global credit platform is on a roll. Under Mark Jenkins, the firm’s head of global credit, the platform’s assets under management recently nearly doubled to more than $141 billion on a pro forma basis – and all in the space of a few months, writes Robin Blumenthal.
The acquisition, valued at $700m, will double the US manager’s private credit assets under management.
Vehicle hits its target and will provide asset-based lending to companies disrupting traditional financial markets.
The credit solutions fund is part of a platform that bills itself as 'all-weather distressed and special situations'.
The manager raises $1.8bn of investable capital, 'materially' exceeding its target.