Global investment firm Carlyle has held the final close of its third Carlyle Credit Opportunities Fund (CCOF III), with $7.1bn in investable capital, making it the private investment firm’s largest credit fundraise to date.
The fundraising includes $5.7bn in commitments from a variety of large, sophisticated global institutions, including new and existing CCOF investors, and available leverage. CCOF III is nearly 30% larger than its predecessor fund and brings total investable capital across the opportunistic credit strategy to approximately $17bn.
To date, CCOF III has invested or committed more than $2.4bn – or 33% of investible capital – in 25 investments across North America, Europe, and Asia Pacific. The team provides borrowers highly structured and privately negotiated solutions across the capital structure to family, founder, and management-owned companies, sponsor-backed companies, and special situations.
In a press statement, Mark Jenkins, Head of Global Credit at Carlyle, said: “Private credit continues to play a vital role in the global capital markets, and we see tremendous opportunity to put capital to work in this asset class.”
Since 2017, Carlyle’s Credit Opportunities strategy has deployed nearly $22bn, leveraging Carlyle’s areas of expertise and market connectivity to develop thematic views and proactively pursue investments in targeted industry verticals including sports, media and entertainment; residential real estate and services; software and technology; and financial and business services.
