According to ChainCatcher, citing Bloomberg, Carlyle Group has raised $1.5 billion in the first round of funding for its newly established asset-backed investment fund as the private equity giant continues to expand its credit business.
Pension funds, sovereign wealth funds, and other institutional investors have participated in the Carlyle Asset-Backed Income Fund. Unlike most credit funds with fixed maturities, this fund will have a perpetual structure with no maturity date. The person requested anonymity due to the sensitive nature of the information.
