According to a Bloomberg report on April 15, The Carlyle Group 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.
According to sources familiar with the matter, pension funds, sovereign wealth funds, and other institutional investors are involved 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 sources requested anonymity due to the sensitive nature of the information.
