Carlyle Group has expanded its structured credit portfolio with the addition of $1 billion in new collateralized loan obligation (CLO) assets under management (AUM). The assets comprise the $507 million Carlyle Global Market Strategies 2011-1 and a $500 million CLO, whose management contract Carlyle purchased from Foothill Group. The Carlyle Global Market Strategies CLO 2011-1 invests in corporate leveraged loans and high-yield bonds. The transaction, which closed on July 21, was jointly arranged by Wells Fargo and Mitsubishi UFJ Securities. Carlyle has added 17 CLOs to its platform, totaling $5.9 billion of AUM, in the past 12 months.
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