Global alternative asset manager The Carlyle Group (NASDAQ:CG) has raised approximately $2.5 billion for its fourth distressed and special situations fund.
With teams in New York and London, Carlyle Strategic Partners IV (CSP IV) invests in the debt and equity of companies in the U.S., Europe and Asia experiencing financial, operational or cyclical distress.
The fund has the flexibility to invest throughout the capital structure of a company in bank loans, public debt, public and private equity.
Led by Shary Moalemzadeh and Ian Jackson, Managing Directors and Co-heads, Carlyle Strategic Partners is part of Carlyle’s global credit platform. The credit platform resides within the Global Market Strategies segment, which had $29 billion in assets under management as of December 31, 2016, and has 149 investment professionals in New York, Washington, DC, Los Angeles, Chicago, Hong Kong and London.
Since 2004, the group has raised approximately $4.8 billion and invested in companies including:
– Metaldyne, an automotive supplier of components for engines and transmissions;
– Brintons, a specialized global carpet manufacturer; Service King, one of the largest independent U.S. chain of auto body repair shops; and
– Akari, an elderly nursing and residential home care provider in the UK.
FinSMEs
24/02/2017